Pan African Resources expects renewable energy to account for up to 70% of its total electricity load following the conclusion of a second renewable energy supply agreement with energy trader and aggregator NOA Group Trading.
Following an earlier announcement in August 2025, the dual JSE- and LSE-listed gold producer has secured an additional renewable energy allocation, bringing total contracted supply to approximately 389 GWh per year. The agreement will supply the company’s Barberton and Evander mines and Mogale tailings retreatment operations in Mpumalanga and Gauteng.
“In a sector where energy risk directly impacts cost, competitiveness and operational continuity, Pan African required a solution that supports our current needs and our longer-term growth and decarbonisation objectives. NOA worked closely with our team to develop a flexible solution and conclude this agreement in just one month,” says Pan African Resources CEO Cobus Loots. He says competitively priced and reliable power is essential to managing all-in sustaining costs and maintaining global competitiveness.
The transaction includes the provision of verified international renewable energy certificates enabling the company to account for emissions reductions linked to its renewable electricity supply.
