28th Nov 2018 14:59
LONDON (Alliance News) - Premier African Minerals Ltd on Wednesday reported further delay in the resolution of the equity status of RHA Tungsten Pvt Ltd and said that it will now seek a direct and urgent intervention from the Zimbabwean president's office to reach finality on RHA equity restructuring.
The London-listed mining company, which holds a 49% interest in the RHA tungsten mine, said the proposal to resolve the equity status at RHA was not tabled for a decision at the cabinet meeting of Zimbabwean government held on Tuesday.
It added that it will continue to actively engage with the countriy's Ministry of Industry, Commerce & Enterprise Development for resolving the RHA equity restructuring.
Shares in Premier African Minerals were down 15% at 0.11 pence each.
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