Section 54 Notices of orders at Barberton &...
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")
Section 54 Notices of orders at Barberton Mines and Evander Gold Mines
Pan African shareholders are advised that on Thursday, 13 November 2014,
operations at Barberton Mines ("Barberton") were suspended by the Mine Health
and Safety Inspectorate ("MHSI") of the South African Department of Mineral
Resources. This was as a result of a Section 54 notice of orders that was
issued after deviations were identified by the MHSI in respect of certain
operating procedures and administrative processes pertaining to the Fairview
lamp room, self-rescuers and gas monitors.
Management, together with the mine's Safety and Health Committee ("SHC"), have
since corrected the deviations, and action plans were presented to the MHSI. On
Wednesday, 19 November 2014, the Section 54 notice of orders was set aside.
On Tuesday, 18 November 2014, following an unplanned/unannounced site visit to
Evander Gold Mines ("Evander"), the MHSI issued a Section 54 notice of orders
for similar deviations in the lamp room, suspending all underground operations.
These deviations were attended to and subsequently on Thursday, 20 November
2014, the MHSI set this notice of orders aside.
The issuance of these orders will impact gold production at Barberton and
Evander for the month of November 2014, which is not quantified at this stage.
Together with all stakeholders, including the SHC, employee representatives and
the communities in which it operates, Pan African continually strives to reduce
accidents and to address any health and safety shortcomings, in an effort to
operate the mines safely in a conducive environment.
Pan African remains committed to the health and safety of everybody involved in
its operations.
21 November 2014
Pan African Resources Enquiries:
Ron Holding Cobus Loots
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900
Phil Dexter Neil Elliot / Peter Stewart
St James's Corporate Services Limited Canaccord Genuity Limited
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8647 Office: +44 (0)207 523 8350
Matthew Armitt / Ross Allister Sholto Simpson
Peel Hunt LLP One Capital
Joint Broker JSE Sponsor
Office: +44 (0)020 741 8900 Office: + 27 (0) 11 550 5009
Julian Gwillim Daniel Thöle
Aprio Strategic Communications Bell Pottinger PR
Public & Investor Relations SA Public & Investor Relations UK
Office: +27 (0)11 880 0037 Office: + 44 (0) 203 772 2500
www.panafricanresources.com
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