Premier African Minerals looks to RHA tailings after grid connection
“As of now, adequate power is available from the national grid to consider the resumption of plant operations at the end of January 2020"
Company
Premier African Minerals Ltd
LON:PREM
Premier African Minerals Ltd is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe. The company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration.
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Premier African Minerals gets power for RHA mine
ZESA has provided RHA with a temporary solution that can be operated manually at site until a new transformer has been delivered and installed.
Premier African Minerals raises £262,000 through crowdfunding platform
Shares were sold at 0.1p, with the money earmarked for its Zimbabwe tungsten and lithium operations.
Premier African Minerals takes 10% stake in manganese mine owner
The mine also has an exploration target of 30-50mln tonnes grading at 23%-27% maganese
Premier African Minerals still awaiting confirmation for Zulu permit
Premier said it will notify the market when it receives written communication of the status of Zulu's EPO application.
Premier African cost cutting measures are keeping the show on the road
Premier African Minerals has a diverse portfolio of assets across southern Africa
Premier African Minerals raises £250,000
"I expect this will be the last direct placement Premier will need in advance of expectations for the exclusive prospecting order application at Zulu Lithium and Tantalum project, and the ongoing electrification at the RHA Tungsten Mine in
Premier African Minerals chairman to step down
Elsewhere, site work has started at the RHA Tungsten Mine said Premier.
Premier African Minerals agrees extension to loan agreement
Chief executive George Roach said: "The loan agreement was always concluded on helpful and supportive terms and this extension underlines that."
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Premier African Minerals prepares for possible disposal of stake in Circum Minerals
“The board of Premier is committed to ensuring that the management of the Circum Interest is conducted transparently and efficiently,” the company said.
Premier African Minerals welcomes Neil Herbert to board as it completes MN loan
In July, Premier African and Cambrian agreed to make a secured loan of US$1.35mln to MNH.
Premier African Minerals says electrification of RHA mine set for completion
“With this now known, work for bringing the underground operations back on stream can commence," said chief executive George Roach
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Premier African CEO explains delays at RHA and Zulu in letter to shareholders
“The outlook for RHA has substantially improved,” says CEO Roach
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Premier African Minerals says RHA mine now a priority for Zimbabwe government
RHA is now considered a priority project for the country’s government, Premier African added.
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Premier African Minerals provides US$1.35mln for producing manganese mine in Namibia
Premier African is taking a much greater interest in revenue-generating assets
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Premier African Minerals’ tough 2018 spurs intention to diversify
Premier African has not benefited from the regime change in Zimbabwe as much as it might have hoped
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FTSE 100 closes higher as global markets buoyed by US, China talks
The UK's premier share index closed around 73 points higher at 7,499, while FTSE 250 was also up - around 170 points to 19,632
Premier African Minerals to re-evaluate plans for RHA after payment
The junior miner confirmed it has received six million RTGS dollars from the Reserve Bank of Zimbabwe
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SolGold wins TKO decision in Ecuador
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Premier African Minerals raises US$350,000 with original investor
The loan is secured on 350,000 shares in Circum Minerals held by Premier.
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FTSE 100 closes lower as traders catch breath after recent excitement
After being in the black for much of the day, the Footsie has slipped into the red
Premier African publishes Danakil update from Circum Minerals
In the update, Circum said various parties were in the process of due diligence for a potential sale or development agreement of its Danakil potash project in Ethiopia
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Premier African Minerals looking at other options for RHA
The company said it had received a direct approach from a potential alternative buyer of wolframite
Premier African terminates drilling contract discussions with KME
The AIM-listed firm said it would urgently reopen negotiations with a previous contractor with a view to recommencing drilling activities at its Zulu Lithium project in Zimbabwe
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Toople topples as investors sell the half-year news
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Premier African Minerals negotiating over Zulu drilling programme
KME was supposed to carry out the drilling once the rainy season ended
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Premier African Minerals says RHA funding deal has been signed
The agreement includes a US$6mln funding commitment for RHA from the Zimbabwe government.
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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
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Premier African Minerals says Zimbabwean government has proposed US$6mln investment in RHA mine
The spending would be used for immediate recommissioning of mining operations, subject to appropriate agreements
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Midatech kicks on again after yesterday's approval of strategic investment
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Premier African Minerals unveils £400,000 placing to fund ongoing acquisitions
The exploration firm said it would place around 444mln new shares at a price of 0.09p each, a 25% discount to the last close price of 0.12p
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
XLMedia and Serinus Energy among Tuesday’s small-cap losers
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Premier African Minerals to recommence drilling work at the Zulu lithium project
Lithium remains very much in demand as growth in the electric vehicle market continues
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
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Premier African Minerals surges as it reaches agreement with Zimbabwe government over financing of RHA tungsten mine
The firm said agreements were in the process of being drafted and that it expects to announce details and a return to production schedule “as soon as possible”
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Premier African Minerals drops Zimbabwe spin-off plan
Zimbabwe has also been wracked by civil strife over the past months
Premier African Minerals says Zimbabwean Government has indicated it is willing to inject funds required to resuscitate the RHA tungsten mine
The indication was made in a letter received on the afternoon of 21 December 2018 from the Zimbabwean Minister of Industry, Commerce and Enterprise Development
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FTSE 100 gets a stuffing on Christmas Eve amid worries about market indigestion
At the 12.30pm close, the UK blue chip index was down 35 points at 6,685, just bouncing off the late session low of 6,661.04, with Friday’s 9 point Santa rally proving a false dawn
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Premier African Minerals sees indigenisation equity resolution delayed by Zimbabwean government
The miner said the resolution had not been discussed at a recent cabinet meeting and would instead be raised at the next one early next week
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Premier African jumps as it hits multiple high-grade intersections at RHA Tungsten mine
The “potentially most significant intersection” was Hole RHADD37, which logged an intersection at drill width 2.56 metres from 122.9m grading 7.11 kg/t of tungsten trioxide
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Premier African to hand over operational control of Zimbabwe assets in major restructure
Zimbabwe assets to be spun off and Premier will become a shell with just a stake in potash group Circum
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Premier African Minerals says Zimbabwe ministry has requested further 48 hours to conclude RHA restructuring
On October 15, the company had said it had been notified by the Ministry that a decision over the ownership structure of the RHA mine would not come until the end of this month
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Premier African Minerals looks to rebuild momentum in Zimbabwe
Premier owns 49% of RHA and has proposed a debt-for-equity swap with Zimbabwe’s indigenisation authority NIEFF to take its stake up to 90%