Company
Premier African Minerals Ltd
LON:PREM
Premier African Minerals Ltd is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe. The company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration.
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Premier African and its multi-commodity aims in Africa
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals
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Serial small cap promoter David Lenigas gets behind Premier African, Falcon Oil & Gas reports “excellent gas shows”, and slot machine software group Quixant hits the jackpot with half-year results.
Risers and fallers: Premier African, Sepura and Frontier IP
Premier African rose sharply after the company told investors it has started work on a 20-hole diamond drill project at its Zulu lithium project in Zimbabwe
Premier African shares lifted as Lenigas joins Zulu project
The work is aimed at producing a maiden resource and testing extensions to the 3.5km strike length.
FTSE 100 closes firm as jobs, commodities buoy stocks
The FTSE 100, London’s blue-chip ticker, closed firm on Wednesday, buoyed by solid jobs data in the wake of Britain’s decision to leave the European Union and a surge by miners on rising commodity prices
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UK shares end lower, led by miners on US Fed rate fears, weaker oil prices
London stocks ended lower on Monday, as miners reflected the unease over what policymakers might say to urge a US rate hike later this week and oil stocks came off with a weaker Brent crude price
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LGO Energy has successfully recompleted the GY-277 well, Image Scan is on track to break even, and Avation has purchased and delivered another brand new Airbus.
FTSE 100 beaten down by miners sell-off
FTSE 100 shed 34 points to 6,824 with miners occupying the bottom seven places.
Risers & Fallers: ASA Resource Group, 365 Agile Group and Safeland PLC
Investors were buoyed by the news that Image Scan expects to break even when it announces its final results later this year
Premier African overcoming operational issues at RHA
The company hopes to have put to bed any lingering concerns about equity dilution through the agreement of a loan facility with Darwin Strategic.
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FTSE 100 struggles into the blue despite weak miners
London's blue chip index was down 17 points, as a meeting of central bankers later this week likely to set the tone for world equity markets.
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Premier African Minerals appoints financial consultant
As the company bids farewell to finance director Pamela Hueston, it has appointed chartered accountant and experienced businessman Russel Swarts as a consultant.
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UK stocks end lower as textiles felt pinch of retail sales and easyJet grounded airlines
London shares closed lower on Thursday, driven south by textiles and fashion stocks who were the biggest casualty of weaker-than-forecast retail sales data, as well as low-flying airline stocks after easyJet shares fell
Fastjet and easyJet head in different directions as Footsie falls
Shares in Fastjet took off by 62.2% to 37.5p after the African budget carrier launched a £19.2mln placing
Premier African shares boosted by Zulu's lithium potential
Recently completed 3D modelling of the Zulu pegmatite showed a direct correlation between historic data from Rhodesian Selection Trust (RST)..
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FTSE 100 Index falls ahead of ECB decision
Markets will likely hang on the ECB president's words on 'Brexit' and Europe's response later today
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London shares ease with Wall Street dip as GBP falls
London’s shares edged lower on Wednesday, in tandem with Wall Street losing steam mid-way through the New York session, and despite a smooth transition to a new British Prime Minister. Sterling was part of the problem. After recovering from
Premier African poised to restart process plant at RHA
Screens and plant modifications have been completed with electrical reticulation to take place over next two days.
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Premier African a step closer at RHA
The plant is expected to run next week, the company told investors
Boss George Roach to back-stop Premier African's contracting repayments
The independent directors and the company's Nomad believe the terms of the agreement are fair
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Brokers: Mixed outlook for media firms
Brokers were mixed in their outlook for media companies, with Liberum taking a particularly bullish view on the sector
Premier African says high lithium grades in Zulu deposit samples
Grades included 1.55% Li2O (lithium oxide) in a spodumene / lepidolite ore sample
Premier African expects to hit process plant deadline
Plant modifications are en route to RHA site in Zimbabwe says company
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Premier African readies for production ramp-up at RHA tungsten mine
RHA has now commissioned the new shaft and expects to build tonnage from underground mining to 9,000 tons per month.
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Premier African resumes mining operations
Shipments of WO3 concentrate are also expected to resume from June,
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Preview - Can Vodafone live up to positive expectations?
Vodafone, Speedy Hire and Blinkx are among the highlights in Tuesday's schedule in London.
Week ahead - Is Merlin on the right track?
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Premier African Minerals set to develop limestone deposit as it raises funds
Premier African Minerals Ltd is poised to buy a 52% interest in a Mozambique firm with a substantial limestone deposit for a total of US$2.1mln and has raised £1.1mln in a discounted share placing.
Risers & Fallers: Wishbone Gold, Lifeline Scientific, Dillistone, Ferrum Crescent, Mortgage Advice, Cambian
Wishbone Gold shareholders got lucky as the company revealed it is in debt funding talks
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Image Scan's losses slashed. Cloudbuy rises on contract win. Kolar Gold's new broker raises fears of impending share issue.
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Metal Tiger shares continue to rise, big news for Aminex and Westminster's ferry hits another snag.
Premier African Minerals Ltd eyes profitability at RHA
Premier African Minerals Ltd revealed it was on the brink of profitable underground operations...
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StratMin Global Resources PLC ended the week with news of a proposed disposal.
Premier African Minerals Ltd boosted by new Danakil study
Premier African Minerals Ltd shares advanced on Thursday as it revealed the Danakil potash project in Ethiopia could become the globe's lowest cost producer.
London shares brush off bank and manufacturing gloom
Markets looked on the bright side, driving up the FTSE 100 Index by 48.15 points to 6145 at lunchtime
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Barclays and manufacturing woe limit London share gains
Banking group unveiled lower profits and cut its dividend
Risers & fallers: Tribal, Servelec, Atlas Development, Fresnillo..
Major share price risers and fallers in London at 4.30pm
Premier African raises another £0.5mln but that's it for now
The company issued 100mln shares at 0.5p with the money to provide support until the tungsten miner starts to generate its own cash.
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FTSE 100 closes lower on data and Brexit jitters
Footsie continued lower on Wednesday as there were jitters about a possible Brexit and UK retail figures disappointed...
London shares extend losses as UK-EU exit fears weigh
The Footsie fell 85 points as business leaders queued up to urge the British public to vote to stay in the EU
Premier African shares up as Darwin converts remaining notes
Premier African revealed financier Darwin has converted the remaining eight loan notes worth £200,000 into company shares.
Premier African soars as processing gets underway at RHA
Premier African aims to be profitable by the spring
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FTSE 100 dragged lower by resource stocks
The FTSE 100 ended in the red, weighed down by big payers Astra, Glaxo and Shell going ex-dividend.
Risers & Fallers: Providence Resources, MRS, Arria NLG, Stratex Intl, Lancashire Hldgs, WPP
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Investors give cool reaction to oil supply freeze
Oil majors still rise and Weir Group gets boost from vague bid chatter
Talk of oil supply limits sends London shares higher
The FTSE 100 Index climbed on reports of oil talks while M&A talk in oil and pubs also provided interest
Premier African announces Darwin conversion under loan deal
Tungsten miner Premier African revealed Darwin has opted to convert £210,00 of its loan notes into company shares. The notes were issued in April last year and it means Premier has now £915,000 outstanding of notes.
Zimbabwe bank to help Premier African cover costs
Tungsten miner Premier African has received a US$200,000 credit facility from a local Zimbabwe bank as it prepares to exploit underground at its RHA project.
Risers & Fallers: Action Hotels, CAP-XX, First Property Group, Iofina, Nature Group, Premier African
A tremendous boost for Premier African Minerals, the operator and 49% stakeholder in the RHA tungsten project, which has had a financing offer from local financial institution.
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Britain's blue chip index slumps 2% as banks weigh
Britain's blue chip benchmark tumbled 2.4% on the day to close 135 points lower as global markets continue to sink amid investor panic.
Premier African bumps up funds with share issue, conversion
"There are no obstacles in bringing the underground developments on the lower levels of RHA into production as well as final plant fixes"
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Goldplat got a boost from a new resource statement for its project at its gold recovery operations in South Africa.
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Mining featured predominantly in the news again Wendesday.
FTSE 100 drifts lower as banks disappoint
The London index shed 25 points at 5,887 ahead of the US open
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Shares dip on Apple woe and RBS insurance mis-selling hit
The FTSE 100 Index dropped 23.67 points to 5887 in early trading
Premier African identifies more tungsten at RHA
Review is encouraging and will support bulk mining and in pit upgrading, said CEO George Roach
UPDATE - Premier African eyes February for RHA underground start
First production and positive operating cash flow from RHA (before capital expenditure and working capital) are now expected in the spring.
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Premier African raises £230,000 from share issue
Money will fund development of RHA tungsten mine in Zimbabwe
Premier African advances as it updates on Zulu project
Premier African Minerals (LON:PREM) shares went higher on Monday as it unveiled positive tantalite findings from its Zulu project in Zimbabwe.
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Atlantic Coal mulls leaving AIM while Caledonia Mining proposes moving its HQ to Jersey
Premier African Minerals should go for the X-ray transmission option, broker advises
House broker Shore Capital has some advice for Premier African Minerals
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European Metals Holdings, the owner of the Cinovec lithium deposit in the Czech Republic, has added an AIM listing to its existing quote in Australia.
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Abzena, Keras and North River Resources also had news out on Friday
Premier African boss ups stake again with conversion
Roach swapped a further US$144,000 (£95,000) of loans into ordinary shares