PREM17 Apr 2018 22:26
TEN MINE'S ZIMBABWE SHOULD URGENTLY REVIVE.
RHA ONE OF THEM.
1. R.H.A. Tungsten Mine
The mine is located 270km south of Bulawayo, Zimbabwe’s
second biggest city, and is owned by AIM-listed Premier African
Minerals. Operations at the mine were suspended in January as
the company said it was negotiating with a state empowerment
company on a new funding model after the indigenisation law
was relaxed by the new government. Premier says it has
completed 1,302 metres of drilling to date with assay results
awaited. The group has also embarked on an independent
conceptual study with a view to establishing a code compliant
resource and an early assessment of the potential to bring the
mine back into production. The company has a diverse portfolio
of projects, which include tungsten, rare earth elements, lithium
and tantalum in Zimbabwe, encompassing brownfield projects
with near-term production potential to grass-roots exploration.