The Uitkomst coal mine helped to boost Pan African’s yearly earnings following the company’s purchase of the mine in April for ZAR 176 million from Oakleaf Investment and Shanduka Resources.
According to Pan African’s annual results, Uitkomst contributed 0.14 million t of coal to the company’ production mix, which also includes gold from the Barberton and Evander mines and PGEs from the Phoenix Platinum subsidiary.
Between 1 July 2015 and 29 February 2016, Uitkomst produced 0.4 million t of ROM coal and 0.3 million t of saleable coal. It has an estimated 28 years life of mine.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/04082016/uitkomst-boosts-pan-african-production-mix-2016-2154/
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