(Alliance News) - AIM-listed Premier African Minerals Ltd on Monday confirmed that the electrification of RHA Tungsten mine is expected to be concluded by the end of November, based on correspondence received from the Zimbabwe Electricity Supply Authority.
Mining and natural resource development company Premier has a 49% interest in RHA Tungsten and is the operator.
The investment received from the National Indigenisation & Economic Empowerment Fund has provided RHA with the funding to commence with the electrification of RHA Tungsten project.
The works will be divided into two phases, Premier said. The first phase includes the supply of materials, installation and commissioning of changeover panel and LV power cabling to existing feeder panel.
The second phase includes the supply of materials, installation and commissioning of proposed overhead line T-off and pad mounted soft start up to high voltage of the transformer.
"We are pleased that Zimbabwe Electricity Supply Authority has now set out that the complete infrastructure that is needed at the mine site will be completed towards the end of November," said Chief Executive George Roach.
"With this now known, work for bringing the underground operations back on stream can commence," added Roach.
Premier shares were trading 10% higher in London on Monday at 0.03 pence each.
Premier African Minerals (PREM)