CORPORATE ACTIVITY
Premier African Minerals is in discussions with the Zimbabwe’s National Indigenisation and Economic Development Fund (NIEEF), which has an interest of 51% in the RHA Tungsten mine, to agree alternative financing options for the cash-strapped operation. Continuing operations at RHA are now dependent on additional sources of capital being provided; however, Premier has previously stated that it will not provide any further finance other than in the form of a bridging facility for concentrate ready for shipment.
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