Information  X 
Enter a valid email address

Pan African Resources Plc (PAF)

  Print          Annual reports

Monday 30 March, 2020

Pan African Resources Plc

Update re 21 Day Covid-19 Lockdown

Pan African Resources PLC

(Incorporated and registered in England and Wales

under Companies Act 1985 with registered number

3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

("Pan African Resources" or "the Company" or "the Group")


Further to the Company’s announcement on 24 March 2020, Pan African Resources informs shareholders that the Company has implemented the necessary measures at all its operations to conduct essential services during the 21-day lockdown period (the “National Lockdown”). 

The Group’s actions are consistent with the regulations announced by President Cyril Ramaphosa on Monday 23 March 2020, and enacted in terms of the South African Disaster Management Act (“the Regulations”), as well as with additional applicable regulations and requirements pertinent to the National Lockdown. The Regulations are effective midnight 26 March 2020 to midnight 16 April 2020, in an effort to contain the spread of the COVID-19 (coronavirus) pandemic.

Essential services specific to affected Pan African Resources’ operations include security services, pumping and ventilation activities, metallurgical plant maintenance, inspection of underground workings, management and monitoring of tailings deposition facilities, waste management and water treatment facilities and other health and safety related services.

As part of essential services, the Group is also currently conducting limited surface re-mining and processing activities at its Elikhulu Tailings Retreatment Plant and at its Barberton Tailings Retreatment Plant (collectively the “Group surface operations”).  The Group surface operations are currently operating at approximately 70 per cent of normal capacity.  Barberton Mines will, in the next few days, endeavour to resume limited operations at certain high-grade sections of its Fairview operation to ensure the required minimum feed for its BIOX ® processing plant.

Pan African Resources supports and is committed to all government efforts to contain the spread of COVID-19.  Of the Group’s total staff and contractor complement, only 20 per cent (excluding security staff) are involved in the essential services detailed above.  Employees and contractors not required for essential services will remain at home for the duration of the National Lockdown, as required by the Regulations.

Further measures to reduce the risk of COVID-19 contamination of essential service personnel include the following:

  • Where possible, relevant staff members are housed in dedicated, restricted-access housing facilities for the duration of the lockdown;
  • Continuous screening and monitoring, including thermal temperature monitoring, of staff members for COVID-19 symptoms have been implemented;
  • Standby medical support; and
  • Rigorous social distancing and sterilisation/hygiene protocols, which are in place.

The South African Department of Mineral Resources and Energy has approved the Group’s planned activities during the National Lockdown, subject to compliance with and adherence to all relevant Regulations and applicable legislation. 

The COVID-19 pandemic is expected to have a severe adverse economic and social impact on stakeholders involved in the Group’s operations.  The Group will, in the coming weeks, embark upon initiatives to assist stakeholders in this regard in the areas in which we operate.

Updated guidance for the 2020 financial year will be communicated to shareholders after the National Lockdown has concluded, once the Group is in a position to quantify the extent and duration of the operational disruptions during this time.  

Cobus Loots, CEO of Pan African Resources, commented: "In this time of crisis, we are heartened by the manner in which all stakeholders in the mining industry are collaborating. Pan African Resources recognises that the adverse effects of the COVID-19 pandemic will be severe and far reaching.  The impact will be even more pronounced in areas with limited resources and poverty.  Recognising the economic and social hardship that communities and employees will experience during the National Lockdown, the Company will embark on support programmes, in addition to our existing initiatives, to alleviate this hardship.

Pan African Resources will continue to provide shareholders with regular updates regarding developments at Group operations.”


30 March 2020

For further information on Pan African Resources, please visit the Company’s website at

Contact information
Corporate Office
The Firs Office Building
2nd Floor, Office 204
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office:  + 27 (0)11 243 2900
[email protected]
Registered Office
Suite 31
Second Floor
107 Cheapside
United Kingdom
Office: + 44 (0)20 7796 8644
Cobus Loots 
Pan African Resources PLC 
Chief Executive Officer 
Office: + 27 (0)11 243 2900 
Deon Louw
Pan African Resources PLC
Financial Director
Office: + 27 (0)11 243 2900
Phil Dexter/Jane Kirton
St James's Corporate Services Limited
Company Secretary
Office: + 44 (0)20 7796 8644
John Prior
Numis Securities Limited
Nominated Adviser and Joint Broker
Office: +44 (0)20 7260 1000
Ciska Kloppers
Questco Corporate Advisory Proprietary Limited
JSE Sponsor
Office: + 27 (0)11 011 9200
Ross Allister/David McKeown
Peel Hunt LLP
Joint Broker
Office: +44 (0)20 7418 8900
Julian Gwillim
Aprio Strategic Communications
Public & Investor Relations SA
Office: +27 (0)11 880 0037 
Thomas Rider/Neil Elliot
BMO Capital Markets Limited
Joint Broker
Office: +44 (0)20 7236 1010

a d v e r t i s e m e n t