Premier African Minerals is a mineral exploration and development company with assets in Zimbabwe and the Democratic Republic of Congo. The company’s flagship property is the RHA Tungsten Project in Zimbabwe, which has an estimated resource of 8.5 million tonnes of tungsten ore. Premier African Minerals is listed on the London Stock Exchange’s AIM market and trades under the ticker PREM.
Premier African Minerals is a mineral exploration and development company with assets in Zimbabwe and the Democratic Republic of Congo. The company’s flagship property is the RHA Tungsten Project in Zimbabwe, which has an estimated resource of 8.5 million tonnes of tungsten ore. Premier African Minerals is listed on the London Stock Exchange’s AIM market and trades under the ticker PREM.
The company was founded in 2004 by current Chairman George Roach and CEO Colin Bird, who together have over 50 years’ experience in Africa’s mining industry. Premier African Minerals is headquartered in London, United Kingdom, with offices in Harare, Zimbabwe and Lubumbashi, DRC.
Premier African Minerals is a company that operates in the mining industry in Africa. The company’s stock is traded on the London Stock Exchange and the Johannesburg Stock Exchange. The company’s main projects are located in Zimbabwe and Mozambique.
Premier African Minerals has a market capitalization of GBP 133 million (US$ 209 million).
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Is Premier African Minerals a Buy?
Premier African Minerals is a company that mines and explores for minerals in Africa. The company’s shares are listed on the London Stock Exchange. Premier African Minerals is headquartered in Zimbabwe and has operations in Zimbabwe, Mozambique, Sierra Leone, and South Africa.
The company’s share price has been volatile over the past year, but it has fallen sharply since mid-March 2020 as the COVID-19 pandemic has hit global markets hard. However, Premier African Minerals’ share price could rebound in 2021 as the world economy starts to recover from the pandemic.
So, should you buy Premier African Minerals shares?
Here’s a look at three key factors to consider before making a decision…
1) Commodity prices: One of the main things that will affect Premier African Minerals’ performance is commodity prices. The company produces lithium, zinc, lead, and other metals and minerals.
So if metal prices rise then Premier African Minerals’ profits will increase. However, metal prices are highly volatile so there is no guarantee that they will rise in the short-term.
2) Political risk: Another important factor to consider is political risk.
Many of Premier African Minerals’ operations are based in Africa which can be a risky place to do business due to political instability and civil unrest. This means there is a risk that Premier African Minerals could be forced to suspend or even abandon its operations in some countries if conditions deteriorate further.
3) Financial health: It’s also worth looking at how well capitalised Premier African Minerals is before buying its shares.
The company had US$21 million of cash at the end of 2019 which was enough to cover its US$16 million of debt repayments due in 2020 (including interest payments). However, with commodity prices falling sharply this year and no significant new funding sources lined up, it’s possible that Premier African Minerals may need to raise more money soon which could dilute shareholder returns .
Who Owns Premier African Minerals?
Premier African Minerals is a mineral exploration and development company with projects in Zimbabwe, the Republic of Ireland, and Sierra Leone. The company was founded in 2006 and is headquartered in London, United Kingdom.
The majority shareholder of Premier African Minerals is New Dawn Mining Corp (TSX: ND), which owns approximately 64% of the company.
New Dawn is a Canadian publicly-listed mining company with operations in Zimbabwe.
Other major shareholders include Trafigura Beheer BV (7%), Vast Resources plc (6%), and Tembo Capital Limited (5%).
Why Has Premier African Minerals Gone Up?
Premier African Minerals is a diversified minerals company with interests in zirconium, titanium, iron ore and rare earths. The company’s share price has risen sharply in recent months, due to increasing demand for its products and positive newsflow from its operations. Premier African Minerals is well-positioned to benefit from the growing global demand for these essential materials.
What Does Premier African Minerals Do?
Premier African Minerals is a diversified natural resource company with interests in base and precious metals mining, energy generation and agriculture. The company’s strategy is to become a leading diversified natural resource company in Africa. Premier African Minerals is focused on creating shareholder value through the identification, acquisition, exploration and development of natural resources projects in Africa.
The company has a number of key assets including:
– The RHA Tungsten Mine in Zimbabwe which is currently being developed and is expected to start production in early 2017. This mine has the potential to become one of the world’s largest tungsten mines.
– The Zulu Lithium & Tantalum Project in Zimbabwe which is at an advanced stage of exploration. This project has the potential to become one of Africa’s largest lithium mines.
– The Greenhills Ironsand Project in Zimbabwe which is at an early stage of exploration.
This project has the potential to be one of Africa’s largest iron ore mines.
Premier African Minerals Stock Is set to EXPLODE! $PREM Lithium Stocks
Is Premier African Minerals a Good Investment
Premier African Minerals is a good investment for a number of reasons. The company has a strong management team with extensive experience in the mining industry. They also have a large portfolio of high-quality assets, including two producing mines and several development projects.
In addition, Premier African Minerals is committed to sustainable and responsible mining practices. This makes them an attractive investment for socially-conscious investors.
Conclusion
Premier African Minerals stock is up today after the company announced that it had secured funding to restart operations at its Zulu Lithium and Tantalum Mine in Zimbabwe. The mine has been on care and maintenance since 2012 due to lack of funding, but with this new financing package, Premier African Minerals will be able to resume production. This is good news for shareholders as the Zulu Mine is a high-grade lithium deposit that is expected to produce around 250,000 tonnes of lithium concentrate per year.
With demand for lithium expected to increase in the coming years due to the growth of electric vehicles, Premier African Minerals is well positioned to benefit from this trend.
