Pan African Resources PLC (PAF) 2015年年度报告「LSE」.pdf

1、STAKEHOLDERS GROWTH PROFITABLE SUSTAINABLEINTEGRATED ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2015CONTENTSSTRATEGIC REPORTBUSINESS OVERVIEWOur vision and investment case 2Salient features 3Group highlights and challenges 4Who we are 6Our business model 8Operating assets 10Five-year review 12STRATEGY

2、 Our strategy 16Stakeholder engagement 24Chairmans review 26Board of directors 28Chief executive offcers review 30Executive and operations management 36PERFORMANCE REVIEWFinancial directors review 40Production for operations 47Operational review 50 Barberton Mines 50 Evander Mines 54 Phoenix Platinu

3、m 58Abridged mineral resources and mineral reserves report 62ABOUT THIS REPORTPROCESS FOR DEFINING REPORT CONTENTThe process for defning the report content was guided by the recommendations contained in the International Integrated Reporting Framework,issued by the International Integrated Reporting

4、 Council(IIRC)in December 2013.Going forward,we will continue to embed the guiding principles and content elements contained in the International Integrated Reporting Framework.The content in the report focuses on those issues which materially impact our ability to create and sustain value over the

5、short,medium and long term.Pan African Resources appreciates that its business operations use various forms of capital,including fnancial capital,human capital,natural capital,intellectual capital,manufactured capital and social and relationship capital.Consideration of the six forms of capital is s

6、hown in our business model on page 8.For the purposes of this report,we defne short,medium and long term as follows:Short term:One yearMedium term:Two to three yearsLong term:Beyond three years.Furthermore,the report has been prepared in line with the London Stock Exchanges(LSE)Alternative Investmen