Investor deep dive
Premier African Minerals looks to re-boot after RHA sign-off
Premier African CEO would be disappointed if RHA not producing this year
George Roach, Premier African Minerals PLC’s (LON:PREM) chief executive remain confident that the US$6mln earmarked by the Zimbabwe government to re-start the RHA tungsten mine will be forthcoming.
Once the money comes through he is confident RHA can be back in operation within 100 days.
“We are continuously in talks with the authorities,” he says, adding he would be very disappointed if RHA is not back in production by the end of the year.
Elsewhere, talks are ongoing about the exploration permit for the Zulu lithium project while Roach is confident about the value of the stake in potash group Circum.
It has one of the most attractive projects in the world at Danakil in Ethiopia, he believes.
Quick facts: Premier African Minerals Ltd
Market Cap: £2.68 m
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