adminAIM-listed Premier African Minerals continues to make progress on the development of its 49 percent-owned RHA tungsten project in Zimbabwe with earthworks now 10 percent complete and the development of the open pit mining area on schedule.
The company said in a statement Tuesday that the open pit perimeter had been pegged out and that bush clearing started in the last week.
The fabrication of the process plant was on schedule to be transported to the mine from Johannesburg, in May, while the mechanical equipment, including the mill, was currently being shipped to the plant assembly workshop in Johannesburg, where assembly of the various components was underway.
“The mill is expected to arrive in Durban in mid-April, while the contracts for transport and on-site erection are currently being finalised,” Premier outlined.
To date, the group has paid $1.46 million as a deposit towards the process plant, which represented 70 percent of the total cost of the plant. A final $664.000 payment was due once fabrication of the plant was completed.
Premier added that the development of infrastructure was behind schedule owing to orders being placed five days behind schedule.
“Current focus is on expediting these orders to pull the schedule back through early delivery,” it outlined.
First production from the mine is scheduled for June. – Miningweekly.
Online Reporter