Mining to fertilising: Dave Somerville on PRL’s longstanding diversification plan

As PRL Global (ASX:PRG) works to finalise the $51.5 million sale of its Malaysia-based palm oil business, company Chairman Dave Somerville speaks to Mining.com.au about the company’s recent name change and diversification strategy that marks the culmination of 5 years of directional change.

PRL is no longer just a resources business but also operates in the downstream fertiliser processing market from its base on Christmas Island, and Somerville says the funding boost from the asset sale will support the construction of a new Malaysian warehouse and product stream while also lining shareholder pockets to thank them for their support.

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