StockMarketWire.com - Premier African Minerals said it had been informed by Zimbabwe's industry ministry that the ministry had secured a proposed investment of $6m into RHA Tungsten.

The funds were for the immediate recommissioning of mining operations at the RHA tungsten mine, subject to completion ofappropriate agreements.

The letter from the ministry also stated that Zimdiv Holdings, which is a wholly-owned subsidiary of Premier and which manages the RHA Mine, would be awarded another management agreement.

The agreement would be on similar terms to the current management agreement entered into on 23 September 2013.

'The company will provide further updates once the agreements have been signed,' Premier African said.


At 1:53pm: [LON:PREM] Premier African Minerals share price was +0.01p at 0.1p



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