Pan African Resources has announced significant progress in its renewable energy and water management initiatives, alongside improved safety metrics and production targets for FY27. The company aims to achieve a 15% Group renewable energy mix by FY27 and more than 70% by FY30, supported by a material expansion of the Group’s renewable energy facilities and the implementation of the power purchase agreement (PPA) with NOA Group.
Material actions and disclosures
Pan African achieved a renewable energy mix of 8.1% (FY25: 8.8%), with the 9.975MW AC Evander Mines solar plant and the 8.75MW AC Fairview Mine solar plant saving approximately US$5.1 million (FY25: US$4.2 million) in electricity costs, and avoiding 36.0ktCO2e in emissions (FY25: 35.4ktCO2e).
Construction of Evander Mines’ 19.7MW AC phase 2 solar photovoltaic (PV) renewable energy plant commenced in March 2026. Construction of the 6.3MW AC solar PV facility at Tennant Mines has commenced and first power from the facility is expected by February 2027. The solar PV facility will be combined with a 6.84MWh battery electric storage system (BESS). The plant is forecast to provide 25% renewable electricity for the operation and reduce diesel usage by ~4.43ML per annum, avoiding 5ktCO2e in greenhouse gas (GHG) emissions.
Evander Mines’ water recycling plant produced 875.4ML of potable water (FY25: 920.0ML), with the reduced production related to stoppages required during the commissioning of phase 2 of the plant. Construction of phase 2, doubling capacity to 6ML/day, was completed in March 2026.
Forward commitments
The construction contractor for MTR’s 19.0MW AC solar PV renewable energy plant to be appointed by the end of calendar year 2026, following board approval.