The Department of Mineral Resources and Energy (DMRE) has granted the renewal of the JSE-listed Pan African Resources’ Barberton mining rights for a period of 30 years.
Official notification of the grant of the renewal in terms of Section 24 of the Mineral and Petroleum Resources Development Act was received by the group on June 1 and comprises renewals of the mining rights for the Fairview, New Consort and Sheba mines.
The renewal applications submitted by the company included detailed technical reports and mine works programmes that support mining at the Barberton operations for the 30-year renewal period.
“Our exploration and mining teams at Barberton have made exceptional progress over the past years, applying modern exploration, development and mining techniques to increase underground gold production and the lives of our mining operations.
“We view the granting of the mining right renewals by the DMRE for a 30-year period as an endorsement of our efforts and operations,” says Pan African CEO Cobus Loots.