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Premier acquires majority stake in Mozambique limestone project

By:  
Contributing Editor Online
 
LIMESTONE
Premier African Minerals, which has the RHA tungsten mine, in Zimbabwe, as it flagship asset, has acquired a 52% majority stake in Mozambique-based limestone and logging operation TCT Industrias Florestais (TCT IF) for $2.1-million. Premier notes that TCT IF is self-sustaining and will contribute positively to group cash flows in 2017.
 
 
 
 
 

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