RA International Group PLC Appointment as Preferred Contractor (6983W)
August 20 2020 - 3:01AM
UK Regulatory
TIDMRAI
RNS Number : 6983W
RA International Group PLC
20 August 2020
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Appointment as Preferred Contractor to Danakali
RA International Group PLC (AIM: RAI), a leading provider of
services to remote locations in Africa and the Middle East, is
pleased to announce it has been appointed as the preferred
contractor to Colluli Mining Share Company, a joint venture company
owned 50% by Eritrean National Mining Company and 50% Danakali
Limited for the construction of camp accommodation, administration
and service facilities as well as the provision of integrated
facilities management services in support of the Colluli Mining
Share Company (CMSC) development in Eritrea, East Africa (the
"Agreement").
The Agreement is subject to certain conditions pertaining to
ongoing negotiations related to the optimisation of the scope,
technical specifications, and other standard commercial terms and
conditions. Subject to these conditions being satisfied the
Agreement is expected to run for a period of 2 years with a value
in excess of USD 20 million. The Company will announce further
details once the final terms have been agreed.
Soraya Narfeldt, CEO of RA International, commented: " We are
delighted to have been chosen as the preferred contractor to work
with Danakali and its partners on this project which we see as
globally significant. The United Nations Development Programme
(UNDP) has indicated Colluli has the potential to significantly
boost the Eritrean economy and have a substantial positive impact
on the Sustainable Development Agenda of Eritrea. The appointment
of RA International is testament to sound execution of our growth
strategy, highlighting continued new business momentum with another
significant award in the mining sector."
Niels Wage, CEO of Danakali, commented: "I am delighted to
announce the appointment of RA International as our preferred
accommodation and support services contractor. They have a
significant amount of experience in executing projects of the scale
and quality DNK requires for the Project. We are very confident in
RA International's capabilities to deliver a high-quality product
and service. This again demonstrates DNK is progressing on time
with its planned development."
Enquiries:
RA International Group PLC Via Bamburgh
Soraya Narfeldt, Chief Executive Officer Capital
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Cenkos Securities PLC (Nominated Adviser
and Broker)
Derrick Lee +44 (0)131 220
Peter Lynch 6939
Bamburgh Capital Limited (Financial PR & +44 (0)191 229
Investor Relations) 9500
Murdo Montgomery investors@raints.com
About RA International
RA International is a leading provider of services to remote
locations in Africa and the Middle East. The Company offers its
services through three channels: construction, integrated
facilities management and supply chain, and services three main
client groups: humanitarian and aid agencies, governments and
commercial customers, predominantly in the oil and gas and mining
sectors. It has a strong customer base, largely comprising UN
agencies, western governments and global corporations.
The Company provides comprehensive, flexible, mission critical
support to its clients enabling them to focus on the delivery of
their respective businesses and services. Focusing on integrity and
values alongside making on-going investment in its people,
locations and operations has over time created a reliable and
trusted brand within its sector.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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