https://www.miningweekly.com

Premier appoints financial adviser for Zimbabwe mine

23rd March 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Emerging tungsten producer Premier African Minerals has appointed London-based financial consultant Brandon Hill Capital as financial adviser to assist the company with regards to the funding and development of the Zimbabwe-based RHA tungsten mine, in which Premier has a 49% interest and is the operator.

CEO George Roach said on Friday that Brandon Hill was “widely recognised in the investment community for providing financial advice on transactions”.

This comes as Zimbabwe has ratified amendments to the Indigenisation and Economic Empowerment Act, removing the stipulation that prevented foreign entities from holding majority stakes for all types of mining, except diamond and platinum mines.                                                                              

Roach said that the changes to Zimbabwe’s indigenisation legislation “strongly reaffirm” that the country is open for business.

“Premier finds itself very favourably positioned to advance its well-established profile of exploration assets in Zimbabwe,” he said.

In addition, Roach noted that a major procedural hurdle in the ongoing discussions with Premier’s joint venture partner, the National Indigenisation and Economic Empowerment Fund had also been removed.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 
Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.061 0.973s - 111pq - 2rq
Subscribe Now