logo-loader
viewPremier African Minerals Ltd

Premier African Minerals abandons acqusition plans due to RHA uncertainty

The Zimbabwe-based group took the decision due to the ongoing uncertainty over the future of its RHA tungsten mine

George Roach
George Roach is Premier's chief executive

Premier African Minerals Limited (LON:PREM) has scrapped plans to buy 50% stakes in its mine contractor KME and the Honey Badger gold deposit.

The Zimbabwe-based group took the decision due to the ongoing uncertainty over the future of its RHA tungsten mine.

READ: Premier African Minerals says Zimbabwean government has proposed US$6mln investment in RHA mine

Last month, the Zimbabwe government proposed a US$6mln investment in RHA, but this is still awaiting final sign-off from the Ministry of Industry, Commerce and Enterprise Development said Premier.

Quick facts: Premier African Minerals Ltd

Price: 0.125 GBX

AIM:PREM
Market: AIM
Market Cap: £13.75 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Premier African Minerals Ltd named herein, including the promotion by the Company of Premier African Minerals Ltd in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Premier African CEO sees scope for greater stake in manganese mine project

Premier African Minerals Limited (LON:PREM) CEO George Roach speaks to Proactive London's Andrew Scott soon after announcing they've taken a 10% stake in a manganese mine MN Holdings following the conversion of a loan into shares. MN owns the Otjozondu mine in Namibia, which is currently...

5 days, 8 hours ago

2 min read