PAN - Pan African Resources PLC - Cold commissioning commences at Phoenix
PAN
PAN
PAN - Pan African Resources PLC - Cold commissioning commences at Phoenix
Platinum
Pan African Resources PLC
(`Pan African` or the `Company` or the `Group`)
Incorporated and registered in England and Wales under Companies Act 1985 with
the registered number: 3937466 on 25 February 2000
Share Code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
COLD COMMISSIONING COMMENCES AT PHOENIX PLATINUM
Pan African, the African focused precious metals producer announces that the
Phoenix Platinum Mining (Pty) Limited (`Phoenix`) commissioning team together
with the Metanza team (the operators of the Chrome Tailings Retreatment Plant
(`CTRP`)), have commenced cold commissioning of the CTRP.
The cold commissioning of the CTRP follows the issuing of a C1 Level:
Certificate of Mechanical Completion (the `Certificate`) by Basil Read Holdings
Limited subsidiary, Matomo Projects (Pty) Limited, in accordance with the
technical documentation as per the lump sum turn key contract, and to the
satisfaction of Phoenix`s third party inspectors. The Certificate was issued
upon completion of plant construction and indicates that the plant is ready for
the safe commencement of cold commissioning.
Jan Nelson, Chief Executive Officer of Pan African, stated:
"The success of completing the construction phase of the Phoenix CTRP within our
planned timeline and within budget has surpassed our expectations and is
indicative of the great teamwork of all involved. Our next goal is to complete
the commissioning of the plant in order to produce our first concentrate by end
December this year."
For further information on Pan African Resources please visit the website at
www.panafricanresources.com
Johannesburg
17 October 2011
JSE Sponsor:
Macquarie First South Capital (Pty) Limited
Enquiries:
Pan African Resources
Jan Nelson, Chief Executive Officer
+27 (0) 11 243 2900
Nicole Spruijt, Public Relations
+27 (0) 11 243 2900
RBC Capital Markets
Martin Eales / James Kelly
+44 (0) 20 7029 7881
Macquarie First South Capital (Pty) Limited
Melanie de Nysschen / Annerie Britz / Yvette Labuschagne
+27 (0) 11 583 2000
St James`s Corporate Services Limited
Phil Dexter
+44 (0) 20 7499 3916
Gable Communications
Justine James
+44 (0)20 7193 7463
Date: 17/10/2011 08:00:07 Produced by the JSE SENS Department.
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