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.