Business
Update re 21 Day Covid-19 Lockdown
Update re 21 Day Covid-19 Lockdown.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \n Pan African Resources PLC\n (Incorporated and registered in England and Wales\n under Companies Act 1985 with registered number\n 3937466 on 25 February 2000)\n Share code on AIM: PAF\n Share code on JSE: PAN\n ISIN: GB0004300496\n (\"Pan African Resources\" or \"the Company\" or \"the Group\")\n UPDATE REGARDING THE 21-DAY COVID-19 LOCKDOWN AND IMPACT ON GROUP OPERATIONS\n 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”). \n 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.\n 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.\n 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.\n 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 contract...