Pan African CEO accuses union of ‘blatantly false’ safety statements

The CEO of the London Aim- and Johannesburg-listed precious metals and coal mining company Pan African Resources on Wednesday accused the National Union of Mineworkers (NUM) of making statements that were “blatantly false” on safety practice at the Evander gold mine in Mpumalanga. “I will not say it in another way,” said Cobus Loots at the company’s presentation of interim results, which saw Pan African deliver higher earnings, better revenues and a record dividend pay-out of R300-million, despite lower gold production in the six months to December 31. (Also watch attached Creamer Media video).