The board of gold-mining company Pan African has approved the development of a 10 MW solar photovoltaic project at the Elikhulu gold-from-tailings operation in Evander, Mpumalanga, the London-, Johannesburg- and now also New York-listed Pan African stated on Friday. Earlier this month, the midtier gold producer announced that it had established a sponsored Level-1 American depository receipt programme on the over-the-counter market in the US with the Bank of New York Mellon being the appointed depository. In doing so, Pan African joined a number of its peers that have successfully implemented an ADR programme that bolsters in London Aim and Johannesburg JSE positions.
