Pan African upbeat on reaching target with giant tailings project
The R1.7bn Elikhulu project has reached commercial production and puts Pan African on track for full-year production target
The fully commissioned Elikhulu tailings-retreatment plant at Evander, Mpumalanga, underpinned the confidence of Pan African Resources that it would hit its full-year production target of 170,000oz for its 2019 financial year, said CEO Cobus Loots. Pan African, which operates a gold mine and tailings project in Barberton, Mpumalanga as well as the recently built R1.7bn Elikhulu project has had to shut its unprofitable underground mine at Evander.
Pan African’s gold output for the September quarter, the first in its 2019 financial year, was 37,729oz. The Barberton underground mines generated 27,201oz and the tailings project nearby a further 5,900oz. The Elikhulu project commissioned in September and which processes 1-million tonnes a month of tailings will be expanded with the addition of the existing Evander tailings retreatment plant, lifting total throughput to 1.2-million tonnes a month. The combination will be completed in January 2019. Feeding into the plants is material...
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