Business
Pan African Commences Bulk Earthworks at Phoeni...
Pan African Commences Bulk Earthworks at Phoeni....
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \n23 March 2011\n\n Pan African Resources PLC \n\n (`Pan African' or the `Company') \n\nIncorporated and registered in England and Wales under Companies Act 1985 with \n\n registered number 3937466 on 25 February 2000 \n\n AIM: PAF/JSE: PAN \n\n ISIN: GB0004300496 \n\n Pan African Commences Bulk Earthworks at Phoenix Platinum \n\nPan African, the African focused precious metals producer, has today commenced\nbulk earthworks* at its Phoenix Platinum Project (`Phoenix') in the North West\nProvince of South Africa.\n\nThe construction of the Chrome Tailings Retreatment Plant (`CTRP') at Phoenix\nis on schedule and the procurement of major equipment has been completed. Plant\nconstruction is scheduled to start in mid-May 2011 with plant commissioning\nplanned for October 2011. The CTRP full production rate of 20,000 tons per\nmonth is expected to be achieved in the first quarter of 2012.\n\nJan Nelson, Chief Executive Officer of Pan African commented: \"This is another\nkey milestone in the process of Pan African becoming a platinum producer in\naddition to the Company already producing approximately 100,000 ounces of gold\nper annum. We are delighted with the progress on site, which is on schedule and\non budget. We look forward to reporting first production later this year.\"\n\n* Bulk earthworks is the commencement of site clearance prior to plant\nconstruction\n\n ENDS \n\nFor further information on Pan African Resources plc, please visit the website\nat www.panafricanresources.com\n\nSouth Africa UK \n \nPan African Resources RBC Capital Markets \n \nJan Nelson, Chief Executive Officer Martin Eales \n \n+27 (0) 11 243 2900 +44 (0) 20 7653 4000 \n \nPan African Resources St James's Corporate Services \n Limited \nNicole Spruijt \n Phil Dexter \n+27 (0) 11 243 2900 \n +44 (0) 20 7499 3916 \n \nMacquarie First South Advisers (Pty) Ltd Gable Communications \n \nMelanie de Nysschen / Yvette Labuschagne / Justine James \nAnnerie Britz \n +44 (0) 20 7193 7463 \n+27 (0) 11 583 2000 \n +44 (0) 7525 324431\n ","length":3526,"tagName":"div"}]