PR Global group signed a Memorandum of Understanding with PENCARI ITEA S.A.R.L for acquiring 100% stakes of the company and develop the mining assets of PENCARI ITEA. The assets cover an area of 794 sq. Km spreading over central Madagascar. “PR Global has carried out extensive study before finalizing the MOU with PENCARI and are pleased to have control over its promising assets. We will be bringing in required funds and expertise to develop the assets from exploration to production”, Project Head Mr. Santhosh Kumar quoted.