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Premier raises funds to complete construction of Zim tungsten mine

By:  
Creamer Media Contributing Editor Online
 
TUNGSTEN
Premier African Minerals has raised £1.02-million, through the placement of 536-million shares, to complete the construction and optimisation of its RHA tungsten mine, in Zimbabwe. Once complete, the company expects the mine’s second-quarter throughput to increase steadily to the monthly production target of 7 500 t. This, it noted, would generate a monthly net positive cash flow of $200 000.
 
 
 
 
 

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