Proactive Investors - Run By Investors For Investors

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.

View full PREM profile View Profile

Premier African Minerals Ltd Timeline

Related Articles

1557997770_zinc-periodic-1.jpg
May 16 2019
Could Stonepark end up hosting one of Ireland's next generation of zinc mines?
Entrepreneur Tony Sage
November 28 2018
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
1540886089_DJI_0816_resized.jpg
October 30 2018
Rainbow is continuing to drive towards a production rate of 400 tonnes per month

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use