Pan African Resources PLC (PAF) 2019年年度报告「LSE」.pdf

1、PROFITABLE SUSTAINABLE STAKEHOLDERS GROWTHINTEGRATED ANNUAL REPORTfor the year ended 30 June 20190792 PAR IAR Front Part 1-FA.indd A0792 PAR IAR Front Part 1-FA.indd A2019/10/02 2:46 PM2019/10/02 2:46 PM CONTENTSREPORT NAVIGATIONThe following tools will assist you throughout the report:For further r

2、eading on our website at For further reading in this report Alternative Performance Measures(APMs)Throughout our integrated annual report,the following icons are used to show connectivity between sections:CapitalsFinancial capital Manufactured capital Intellectual capital Human capital Social and re

3、lationship capital Natural capital Material mattersHealth and safetyCapital allocation and capital structureEconomic and social factors not in our controlMining operationsValue-accretive growthEnvironmental,social and governance(ESG)complianceMineral Reserves and Mineral Resources Laws and regulatio

4、nsDUAL LISTING on South Africa s Johannesburg Stock Exchange(JSE)and London s Alternative Investment Market(AIM)MARKET CAPITALISATION as at 30 June 2019 of USD295.2 million(2018:USD219.9 million)DIVERSIFIED SHAREHOLDER BASE of major South African and international institutionsTHE GROUP S BROAD-BASED

5、 BLACK ECONOMIC EMPOWERMENT(BBBEE)OWNERSHIPfor purposes of the Mineral and Petroleum Resources Development Act(MPRDA)equates to 26%for Barberton Mines and Evander MinesSHARE CODE ON AIM SHARE CODE ON JSE PAF PARWho we areflapAbout this reportflapBUSINESS AND STRATEGIC OVERVIEWHow we created value in

6、 2019 1Our operating assets and where we operate 2Business model 4How we sustain value 8Chairman s statement 10Chief executive officer s statement 12Material matters 16Strategy 17Scorecard by material matter 18Operating environment 25Key relationships 27Risks 29PERFORMANCE REVIEWFinancial director s