LONDON – Premier African Minerals Ltd on Monday said it has made an order for the process plant for the RHA Tungsten Project in Zimbabwe.
Premier African is the operator for the project and has a 49% interest. The other 51% is held by the National Indigenisation and Economic Empowerment Fund on behalf of the Government of Zimbabwe.
“Confirming this order is a further step in the process of re-opening the RHA mine. Although the initial deposit has been paid from our cash on hand, additional finance will still be required and we continue our advanced negotiations on off-take and/or marketing contracts and other finance options,” said Premier Chief Executive Officer George Roach.
Premier African shares were up 2.2% to 0.92 pence on Monday.(Alliance News)