Pan African can operate and grow in South Africa ‘very successfully’, Cobus Loots reports
The London- and Johannesburg-listed Pan African Resources is able to operate and to grow in South Africa – “and do so very successfully”, an upbeat CEO Cobus Loots stated emphatically on Wednesday when he reported that a full feasibility study on the Soweto Cluster tailings storage facilities (TFSs) is expected to be completed by September to extend still further the life of the below-budget, ahead-of-schedule Mogale Tailings Retreatment (MTR) operation, which is thriving west of Johannesburg. “We’re growing profitable production very materially. We expect to be well north of 200 000 oz of annual production in 2025,” Loots said of Pan African as a whole during the interim results presentation covered by Mining Weekly. (Also watch attached Creamer Media video.)
The London- and Johannesburg-listed Pan African Resources is able to operate and to grow in South Africa – “and do so very successfully”, an upbeat CEO Cobus Loots stated emphatically on Wednesday when he reported that a full feasibility study on the Soweto Cluster tailings storage facilities (TFSs) is expected to be completed by September to extend still further the life of the below-budget, ahead-of-schedule Mogale Tailings Retreatment (MTR) operation, which is thriving west of Johannesburg. “We’re growing profitable production very materially. We expect to be well north of 200 000 oz of annual production in 2025,” Loots said of Pan African as a whole during the interim results presentation covered by Mining Weekly. (Also watch attached Creamer Media video.)
