Date: Tuesday 07 Apr 2015
LONDON (ShareCast) - Shares in Premier African Minerals surged over 10% on Tuesday, after the commodities group said it had secured environmental approval for the RHA tungsten project in Zimbabwe.
The London-listed group said the Environmental Management Agency of Zimbabwe had approved the company's environmental impact assessment and gave the green light for the group to operate its RHA Tungsten site.
"The granting of this permission to operate on time and under budget further demonstrates the commitment of our partners in this project and the various departments of the Zimbabwe government to see RHA into production," said group chief executive George Roach.
Premier African Minerals 9.09% to 1.50p at 09:43 on Tuesday.