Pan African Resources PLC announced that Jan Nelson has resigned as the company's Chief Executive Officer and as a member of the board of directors, with effect from March 1, 2013. Nelson's advice remains available to the company. He remains a director of Auroch Minerals.

The company announced that it has appointed Ron Holding and Cobus Loots as joint interim CEO's, until a successor is appointed. Mr. Holding is currently the Chief Operating Officer of Pan African and has been an employee of Phoenix Platinum Mining (Proprietary) Limited and Pan African since 2001. Loots is the former Chief Financial Officer of Pan African and has been a director of the company since 2009.