Premier African Minerals (LON:PREM) – CORP: RHA Update
Market Cap: £12.7m; Current Price: 0.675p
Plant to be operational later this week
Screen and plant modifications have been completed and electrical reticulation is expected to take place over the next two days. The Plant is expected to be operational later this week.
NORTHLAND CAPITAL PARTNERS VIEW: Premier African Minerals continues its turnaround of the RHA Tungsten Mine, with the plant expected to be operational by the end of the week. The plant upgrades were slightly delayed, by around one week, due to minor delays getting the equipment into Zimbabwe. Once the plant is operational Prem will commence its ramp up to production levels of 9,000t per month from the underground mine.
Savannah Resources (LON:SAV) – CORP: Board Appointments
Market Cap: £12.8m; Current Price: 3.3p
Maqbool Ali Sultan and Imad Kamal Abdul Redha Sultan join as Non-Executives
Following Al Marjan investment in Savannah Resources (15.02.16), Savannah has appointed Maqbool Ali Sultan and Imad Kamal Abdul Redha Sultan as Non-Executive Directors.
Manohar Pundalik Shenoy and Murtadha Ahmed Sultan have been appointed as alternatives.
NORTHLAND CAPITAL PARTNERS VIEW: Savannah Resources has strengthened its Board with the appointment of the two representatives of Al Marjan. Maqbool Ali Sultan was a former Minister of Commerce and Industry in the Omani Government and was Chairman of Oman Oil Co., Sohar Industrial Port and the Capital Market Authority, he was also a Member of the Executive Committee of the State General Reserve Fund. Imad Kamal Abdul Redha Sultan is Vice Chairman and Deputy Managing Director of W J Towell and Co. LLC and was previously on the Boards of the National Bank of Oman and Ominvest, and is currently on the Board of the National Hospitality Institute & Oman Arab Bank.