Premier African Minerals Limited – Is a multi-product mining and natural resource development company. It focuses on obtaining and developing mineral properties. It was Founded in 2007, and its Headquarters is in Togo. It consists of 11 employees in (2021). In early 2007, the history dates back George Roach and Bruce Cumming established G&B African Resources Ltd.Their objective was precisely that of Premier today. G&B expanded through an ongoing private investment that has funded exploration, resource development and the acquisition of a diversified property and mineral portfolio. In 2012, the Company changed its name from G&B to Premier African Minerals Limited and was listed on the Alternative Investment Market (AIM) in London.
The Group has acquired mineral assets in various stages of development throughout Africa, including mineral assets where there has been historical production
- The Group is focused on acquiring assets with historical exploration and historical production, reduced geological risk and potential for rapid advancements, such as the RHA Project in Zimbabwe;
- The Group has acquired a wide range of commodities, including tungsten, phosphates, lithium and tantalum, rare earth elements and clays that may be monetised shortly;
- Management focus is on value creation through cost-effective acquisitions and judicious expenditure on focused exploration and development; and
The Group has a flexible approach to creating value which may include strategic joint ventures, disposals, development of projects to production by the Group itself, or spin-offs to new entities. Year on year, Premier African Minerals Ltd had revenues remain flat at 0.00, though the Company grew net income from a loss of 859.00k to a gain of 2.69m. On Wednesday, Premier African Minerals Ltd (PREM: LSE) closed at 0.986, -5.19% below its 52-week high of 1.04, set on Apr 12, 2023. Premier African Minerals Limited reported earnings results for the half year ended June 30, 2022. the half year, reports of the Company there loss was USD 4.66 million compared to a net income of USD 4.15 million a last year. The basic loss per share from operations was USD 0.00026 compared to basic earnings per share from continuing operations of USD 0.00036 a year ago. The diluted loss per share from current operations was USD 0.00026 compared to diluted earnings per share from continuing operations of USD 0.00036 a year ago. There’s no question that money can be made by owning shares of unprofitable businesses. By way of example, Premier African Minerals (LON: PREM) has seen its share price rise 184% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss-making company burns through its cash too quickly.
- Market Closed. As of 11:56 AM EDT 04/17/2023 EDT ;
- 0.97 ;
- Prev Close. 0.98 ;
- 350,772,896.
- Market Cap: 938M
Board of Directors
Premier is led by a highly experienced team of professionals with significant expertise in the international mining and resource development sector with Africa-wide solid knowledge and a reputation as responsible operators.
- George Roach Acting Chairman & CEO
- Wolfgang Hampel-Executive Director
- Godfrey Manhambara Non-Executive Director
- Dr Luo WeiNon-Executive Director
Management Team
Premier is led by a highly experienced team of professionals with significant expertise in the international mining and resource development sector with Africa-wide solid knowledge and a reputation as responsible operators.
- George Roach Chief Executive Officer
- Errico Vascotto Chief Operating Officer
- Jabulani Chirasha Country Manager
- Wolfgang Hampel Senior Geologist
Equities
- PRICE (GBX) 986
- TODAY’S CHANGE IS 002 / 0.20%
- SHARES TRADED 98m
- 1 YEAR CHANGE+245.96%
- BETA 2937
The companies include two segments:
- RHA and RHA Mauritius segment, The segment is engaged in the development and mining of wolframite.
- Zulu and Zulu Mauritius segment, The segment is engaged in the progress of tantalite, lithium
The Company has projects in countries like :
Zimbabwe,
Togo,
Benin
Mozambique.
The projects include:
RHA Tungsten Mine,
Katete REE
Zulu
Tinder
Lubimbi
Pagala
Haito
Kara-Niamtougou
Dapaong Project and
Catapu Limestone
The Company holds interest :
Circum Minerals Limited, the owner of the Danakil Potash Project in Ethiopia.
MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia
It maintains the highest levels of corporate governance whereby the Company ensures that a periodic review of the Company’s corporate governance is done. Following this recent review, no corporate governance issues have been identified by Premier.
Accordingly, the Company has established specific committees and implemented certain policies to ensure that:
- It is led by an experienced Board which is collectively responsible for the long-term success of the Company;
- the Board and the committees have the appropriate balance of skills, experience, independence and knowledge of the Company to enable them to discharge their respective duties and responsibilities effectively;
- the Board establish a formal and transparent arrangement for considering how it applies the corporate reporting, risk management and inner control principles and for retaining an appropriate relationship with the Company’s auditors; and
- there is a dialogue with shareholders based on the mutual understanding of objectives.
In addition, the Company has adopted a comprehensive suite of policies, including:
- anti-corruption and bribery;
- health and safety;
- environment and community;
- IT, communications and systems; and
- social media.
The Code followings 5 Main Principles, which are herein assessed following the Premier commitment to maintaining the highest levels of corporate governance.
1.Leadership
The Role of the Board of Directors
The Division of Responsibility of the Board of Directors
2. Effectiveness
2. Effectiveness
The Composition of the Board
Appointments to the Board
Commitment
3.Development
Information and Support
Evaluation
Re-election
4.Accountability
Financial and Business Reporting
Risk Management and Internal Control
Audit Committee and Auditors
5.Remuneration
The Level and Components of Remuneration
Procedure
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