Premier African Minerals is a company that is dedicated to mining in Africa. They have a strong belief that the continent has a lot of untapped potential when it comes to minerals and metals. The company is headquartered in Zimbabwe and also has operations in South Africa, Tanzania, and the Democratic Republic of Congo.
Premier African Minerals is committed to working with local communities and governments to create sustainable projects that will benefit everyone involved.
Premier African Minerals is a diversified natural resources company with a focus on Africa. The company has interests in base and precious metals, coal, uranium, and other minerals. Premier African Minerals is committed to responsible mining and sustainable development in Africa.
The company’s projects include the RHA Tungsten Mine in Zimbabwe, the Zulu Lithium and Tantalum Project in Mozambique, and the Farim Phosphate Project in Guinea-Bissau.
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Is Premier African Minerals a Buy?
As with any stock, Premier African Minerals (LSE: PREM) is a speculative play and investors should be aware of the risks involved before buying shares. The company is focused on developing its Zulu Lithium and Tantalum Project in Zimbabwe, which has the potential to be a major source of lithium for the global market. However, the project is still in the early stages of development and there is no guarantee that it will be successful.
That said, Premier African Minerals does have some things going for it. The company has a strong management team with experience in mining and project development, and its share price has been rising steadily over the past year as investor interest in lithium increases. If you’re comfortable with the risks,Premier African Minerals could be worth considering as a long-term investment.
Why Has Premier African Minerals Gone Up?
Premier African Minerals has seen its share price increase in recent months due to a number of positive developments at the company.
Firstly, Premier African Minerals is making progress with its RHA tungsten project in Zimbabwe. The company has completed a successful feasibility study and is now moving ahead with construction work.
This is expected to drive up demand for Premier African Minerals’ shares as investors seek exposure to this promising tungsten development.
Secondly, Premier African Minerals has also secured funding for its other projects in Africa. This includes a $30 million investment from the International Finance Corporation (IFC) which will be used to develop the company’s Zulu lithium project in Zimbabwe.
This is another key project that investors are closely watching and the IFC investment provides a vote of confidence in its potential.
Finally, Premier African Minerals has been benefitting from strong demand for minerals globally as prices have risen across a range of commodities. This has helped to support the share price increases we have seen in recent months.
Overall, there are a number of positive factors driving Premier African Minerals’ share price higher at present and this looks set to continue in the near-term as construction work on the RHA tungsten project gets underway.
Who Owns Premier African Minerals?
Premier African Minerals is a multi-commodity mining and exploration company with a focus on southern Africa. The Company’s flagship asset is the RHA Tungsten Mine in Zimbabwe, which is one of the largest tungsten mines in the world. Premier African Minerals also has interests in other commodities including iron ore, lithium, gold and coal.
The Company’s shares are listed on the London Stock Exchange (AIM: PFM) and its head office is in Jersey, Channel Islands.
The majority shareholder of Premier African Minerals is Sprott Inc., a Canadian investment management firm specializing in natural resources investments. As of September 2019, Sprott Inc. owned approximately 26% of Premier African Minerals’ outstanding common shares.
What Does Premier African Minerals Mine?
Premier African Minerals is a diversified natural resources company with interests in gold, rare earth elements, zinc and lead. The company operates mines in Zimbabwe, the Democratic Republic of Congo and South Africa. Premier African Minerals also has a number of exploration projects in Africa.
The company’s flagship mine is the RHA tungsten mine in Zimbabwe. The RHA mine is one of the world’s largest tungsten mines and has been in operation since 1983. Premier African Minerals acquired the mine in 2013 from Rio Tinto plc.
The other main asset of Premier African Minerals is the Zulu lithium and tantalum project in the Democratic Republic of Congo. The Zulu project is one of the world’s largest undeveloped lithium deposits. Premier African Minerals was awarded a mining concession for the Zulu project in 2015 and is currently working on developing the mine.
In South Africa, Premier African Minerals owns two zinc mines -the Gamsberg zinc mine and the Broken Hill zinc-lead-silver mine. The Gamsberg mine is currently under development and is expected to start production in 2018.
Premier African Minerals Stock update $PREM Lithium Stocks
Is Premier African Minerals a Good Investment
When it comes to investing in natural resources, there are a lot of different options out there. But is Premier African Minerals a good investment?
Here’s what you need to know about this company before you make any decisions.
Premier African Minerals is a Zimbabwe-focused mineral exploration and development company. The company has several properties in the country, including the Zulu Lithium and Tantalum Project, which is one of the largest undeveloped lithium deposits in Africa.
The company also has significant experience operating in Zimbabwe, which could be helpful as the country goes through political and economic turmoil.
So, should you invest in Premier African Minerals? Here are some pros and cons to consider:
Pros:
-The company has significant experience operating in Zimbabwe
-The company has several large undeveloped projects, including the Zulu Lithium and Tantalum Project
-The company’s share price has been volatile recently, providing an opportunity for investors to buy at a discount Cons: -Zimbabwe is a high-risk jurisdiction with significant political and economic risk -The company’s share price is still down significantly from its 52-week high -There is no guarantee that any of the company’s projects will be developed or that they will be successful if they are developed If you’re looking for a high-risk/high-reward investment, Premier African Minerals might be worth considering.
However, keep in mind that there are no guarantees when it comes to investing in natural resources companies.
Conclusion
Premier African Minerals is a leading African miner with a diversified portfolio of assets. The company has a strong track record in delivering shareholder value and is committed to sustainable development. Premier African Minerals is listed on the London Stock Exchange and is majority owned by black economic empowerment (BEE) shareholders.
