RA International Group PLC Commercial Terms Agreed with Danakali Limited (5585D)
30 Junio 2021 - 1:00AM
UK Regulatory
TIDMRAI
RNS Number : 5585D
RA International Group PLC
30 June 2021
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
Commercial Terms Agreed with Danakali Limited
RA International Group PLC (AIM: RAI), a specialist provider of
complex and integrated remote site services to Humanitarian,
Governmental and Commercial organisations globally, is pleased to
announce it has successfully concluded contract discussions with
Danakali Limited (LSE: DNK, ASX: DNK) for the construction of camp
accommodation for 1200 personnel, 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 key commercial terms will be released when all approvals
have been obtained, which include the CMSC board and related
government departments in Eritrea.
The construction works are to be phased, with the first of three
phases commencing imminently upon receiving the necessary approvals
and subsequent phases commencing as CMSC funding is available.
Construction activities are anticipated to be completed within a
year with the operating contract commencing immediately
post-construction.
Soraya Narfeldt, CEO of RA International, commented: " Since our
appointment as preferred contractor was confirmed last year, we
have continued to work closely with Danakali and its partners as
they have developed their plans and we look forward to commencing
our work with them on this globally significant project.
The updated scope of work and terms of the contract concluded
underscores a cooperative and relationship driven approach. We
continue to be very encouraged by our business development activity
and look forward to building on our recent momentum."
Enquiries:
RA International Group PLC Via Bamburgh
Soraya Narfeldt, Chief Executive Officer Capital
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser
and Broker)
Bobbie Hilliam +44 (0)207 523
Alex Aylen 8000
Bamburgh Capital Limited (Financial PR & +44 (0)191 249
Investor Relations) 7442
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.
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END
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