Pan African Resources(LON: PAF) Chief Executive Jan Nelson has increased his share holding in the company by purchasing 74,134 shares in the company at a price of 95 South African cents each. He now holds 122,442 shares or 0.01% of the company's capital. Pan African is a mining company that produces about 100,000 ounces per year from the Barberton mine in South Africa. The company recently acquired 100% of the Phoenix platinum project in the country and also has a gold project in Mozambique.
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About Pan African Resources
Pan African Resources PLC (Pan African) is a gold mining and exploration company on the African continent. In addition to its 74% stake in Barberton, Pan African is exploring concessions in Mozambique, the Central African Republic, South Africa and Ghana. The Company is also actively seeking partnerships and Joint Ventures with other gold mining companies. Effective 27 July 2007, the Company acquired 74% of Barberton Mines (Pty) Ltd (Barberton). The three operating gold mines in the Barberton area; Fairview, Sheba and New Consort together with the Calcine dump retreatment operation produced 99,078 ounz of gold during the fiscal year ended June 30, 2008. In May 2009, the Company, acquired Phoenix from Metorex Limited.
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