HARARE, March 2 (The Source) – Chief executive of AIM-listed Premier African Minerals, George Roach says Tungsten deposits at its RHA project in Kamativi are of a high grade, making the operation a highly competitive one with production expected to start this June.
Premier holds 49 percent of RHA Tungsten, while the National Indigenization and Economic Empowerment Fund (NIEEF) controls the remaining stake.
Tungsten is found in several oxide forms with ferbrite being the highest priced.
“We have particularly good grades our initial production will be through open pit and our diluted run off grade will be in excess of 1 percent which compares favorably to other people,” said Roach in an interview with a South African publication last Friday.
“In addition to that the historic mine at RHA has substantial underground development which was left intact when the mine was abandoned in the 70s.”
Roach said there were indications that there would be shortages in supply, making the operation very attractive.
The ammonium paratungstate APT price remains at elevated levels, with the current value at $335 per metric tonne driven by the tightness of the global supply-demand balance for the mineral, which is now considered strategic due to its unique chemical characteristics.