Zimbabwe State miner secures $100m for platinum project
Zimbabwe’s State-owned Mutapa Platinum Group has secured $100-million to develop its Darwendale project.
US$300 million bond takes Tharisa to next step
Until Northam Platinum unveiled plans last month to grow production by 50%, its smaller counterpart, Tharisa, was something of a rarity in the platinum group metals (PGM) industry. Tharisa’s Karo Platinum project in Zimbabwe is set to double the group’s PGM production to just under 400,000 ounces a year. Yet, unlike Northam, Tharisa has struggled […]
Tharisa seals $300m funding for Zimbabwe platinum project
Tharisa has secured the $300m bond needed to complete its Karo Platinum project in Zimbabwe, removing uncertainty over how it would fund the remaining cost of the $545m mine.
Zimplats parent Impala Platinum pays out R17 billion as profits soar
Impala Platinum, which owns an 87 percent controlling stake in Zimbabwean PGMs producer Zimplats, announced a bulked-up dividend after profit in the last fiscal year soared more than 40-fold on a recovery in metal prices.
Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra
Tharisa Plc said on Thursday its Zimbabwe unit has agreed a deal to sell platinum concentrate to Valterra Platinum ahead of first production at the Karo project, expected next year.
Karo Platinum, Zimbabwe government sign 25-year special mining lease
London-listed Tharisa Plc’s Karo Platinum has signed a 25-year special mining lease agreement with the government of Zimbabwe, securing long term tenure for its PGMs project in the country.
Strong rand PGM pricing lifts Implats’ full-year refined output, sales
Platinum group metals miner Impala Platinum (Implats) achieved a marginal increase in its platinum, palladium, rhodium, ruthenium, iridium and gold (6E) concentrate production to 3.5-million ounces for the financial year ended June 30, from 3.48-million ounces in the 2025 financial year.
Valterra hits brick wall on Zimbabwe’s unpaid $100 million
Valterra Platinum said it was making progress extracting current export proceeds from Zimbabwe, but an agreement on getting a historic amount of $100m paid was unresolved.
World’s largest platinum producer Valterra, just posted a staggering surge in revenue
The world’s largest platinum producer, located in South Africa, Valterra Platinum, recently reported a surge in revenue for the first half of the year.
Zimplats spends US$100 million on alternative energy
Zimplats is set to commission a US$60 million 45-megawatt (MW) solar power plant next month, making the platinum group metals (PGM) producer’s investment in energy solutions a total US$97 million.