Proactive Investors - Run By Investors For Investors

Richland Resources CEO hoping for swift return to profitability in Australia

Bernard Olivier, the chief executive officer of Richland Resources (LON:RLD), says the company decided it was better ‘to focus on a project that we believe will return us to profitability very shortly’.

Richland today revealed it has completed its exit from Tanzania with the receipt of US$5.1mln from new owner Sky Associates after security issues at its tanzanite mine.

The company is now focused on its Capricorn sapphire project in Queensland where first sales through its existing sight system are anticipated this half year.

Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full RLD profile View Profile

Richland Resources Ltd Timeline

© 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