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(Alliance News) - Premier African Minerals Ltd on Tuesday said it has signed a machinery and mine equipment supply deal with MN Holding Ltd.
MN Holding will also assist with Premier's "various mining and exploration operations", the company said.
Chief Executive George Roach added: "This is another step towards the revival of RHA Tungsten Pvt Ltd. Apart from the reprocessing of tailings whilst we bring the underground development back to life, the dramatically reduced cost of operating a mining fleet arising from the association with MNH, will encourage a re-evaluation of the possible restarting of open pit operations as well."
The company is working towards bringing the RHA Tungsten mine in Zimbabwe back in operation.
Shares in Premier African closed 0.6% lower at 0.083 pence each in London on Tuesday.
By Eric Cunha; ericcunha@alliancenews.com
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