Pan African Resources PLC (PAF) 2014年年度报告「LSE」.pdf

1、Integrated Annual Report2014Pan African Resources PLC Integrated Annual Report 2014STAKEHOLDERGROWTHPROFITABLESUSTAINABLEQuality assetsStrong resources base in excess of 33MozTrack record of profitable growthConsistent dividendsWorld-class safety frameworkPeople-focussedTight cost structureOURVISION

2、INVESTMENTCASETo continue to build a precious metals business in Africa by remaining focussed on our four pillars of business.CONTENTSFurther reading within this Integrated Annual ReportFurther reading online:Annual financial statements referencePan African Resources PLC Integrated Annual Report 201

3、411ABOUT THIS REPORT 22STRATEGIC REPORT 4WHO WE ARE 6 Key features and highlights 7 Operating assets 8 Investment case 10 Five-year review 12A WORKING STRATEGY 14 Our strategy 16 Key risks 21 Chairmans report 24 Chief Executive Officers report 26 Stakeholder engagement 30LEADERSHIP 32 Directorate 34

4、 Executive management 36 Ethical leadership 38PERFORMANCE 40 Financial Directors report 42 Operational performance 483ABRIDGED MINERAL RESOURCE AND MINERAL RESERVE REPORT 584GOVERNANCE 70 Corporate governance 72 Risk management 82 Remuneration report 845OUR IMPACTS 86 Value added statement 88 Sustai

5、nability drive 89 SHEQC Committee Report Safety and Health(abridged)90 Our people(abridged)926ANNUAL FINANCIAL STATEMENTS 947SHAREHOLDER INFORMATION 158 Shareholders diary 160 Shareholder analysis 160 Notice of AGM 161 Glossary 166 Form of proxy United Kingdom 169 Form of proxy South Africa 171 Cont

6、act details 176ABOUT THIS REPORTSTRATEGIC REPORTABRIDGEDMR&MRRGOVERNANCEOUR IMPACTSANNUAL FINANCIAL STATEMENTSSHAREHOLDER INFORMATIONPan African Resources PLC Integrated Annual Report 20142ABOUT THIS REPORTPan African Resources is incorporated in England and Wales and with a corporate office in Joha