Premier African Minerals' shares up as Circum Minerals gets Danakil mining licence

Shares in Premier African Minerals are up almost 4% after it confirmed Circum Minerals, in which it holds a 2% stake, had its mining licence for the Danakil Potash Project approved.

The licence was approved by the Council of Ministers of the Government of Ethiopia.

Premier holds about 2m shares in Circum, equating to a stake of about 2%.

At 10:41 GMT, shares in AIM-quoted Premier were up 3.7% to 0.7p each.