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PAN
PAN
PAN - Pan African New order mining rights approved and granted to Barberton
Pan African Resources plc
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(`Pan African` or the `company`)
NEW ORDER MINING RIGHTS APPROVED AND GRANTED TO BARBERTON
Pan African is pleased to announce that the Department of Mineral Resources
("DMR") has approved and granted the conversion of its old order mining rights
in respect of Barberton Mines (Pty) Limited ("Barberton Mines") into new order
mining rights ("NOMR").
In terms of the South African Mineral and Petroleum Resources Development Act,
2002 ("MPRDA") all mining licences issued prior to the MPRDA coming into
operation on 1 April 2004, are described as old order mining rights. Holders of
such rights were required to have applied to the DMR for the conversion of the
old order mining rights into NOMR within five years of the commencement of the
MPRDA.
Barberton`s NOMR relates to the mining licences in respect of Fairview Mine (old
order mining licence 28/2003), New Consort Mine (old order mining licence
30/2003) and Sheba Mine (old order mining licence 29/2003). These Licences
Combined Comprise The Barberton Mining Operation.
Jan Nelson, Chief Executive Officer of Pan African welcomed the DMR`s approval,
and commented, "The granting of new order mining rights creates long term
stability for our business and demonstrates that South Africa remains an
attractive place to conduct mining business."
Rosebank
23 April 2010
JSE Sponsor
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
For further information on Pan African, please visit the website at
www.panafricanresources.com
ENQUIRIES
Pan African Resources
Jan Nelson (CEO) +27 (0) 11 243 2900
Nicole Spruijt (Public Relations) +27 (0) 11 243 2900
RBC Capital Markets
Martin Eales / Brett Jacobs +44 (0) 20 7029 7881
Macquarie First South Advisers
Melanie de Nysschen/Thembeka Mgoduso +27 (0) 11 583 2000
St James`s Corporate Services Limited
Phil Dexter +44 (0) 20 7499 3916
Date: 23/04/2010 08:30:01 Produced by the JSE SENS Department.
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