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Premier to spin off RHA in latest twist

After months of working hard to get the RHA tungsten project back into production, Premier African Minerals (AIM:PREM) will now hand over the mine and its lithium project to a local Zimbabwean company that will list in London.

Premier to spin off RHA in latest twist Premier to spin off RHA in latest twist Premier to spin off RHA in latest twist Premier to spin off RHA in latest twist Premier to spin off RHA in latest twist

Down we go: Some Premier shareholders bailed immediately after reading the proposed deal structure, sending the shares down a third

The deal is complicated by the fact the Zimbabwean government is yet to announce whether Premier's appeal to shift its ownership of RHA from 49% to 90% has been successful.

The company is confident the decision from the Ministry of Industry, Commerce and Enterprise Development will go its way.

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