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.
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.
Tharisa secures new R750m asset revolving finance facility from Nedbank
Johannesburg and London-listed mining, metals and innovation company Tharisa has secured a new R750-million (about $45.5-million) asset revolving finance facility from financial services provider Nedbank, acting through its Nedbank Corporate and Investment Banking division.
Zim platinum project key to Tharisa ADR programme
London-listed resources group Tharisa says its Karo Platinum (Karo) project in Zimbabwe will play a crucial role in its Level 1 American Depositary Receipt (ADR) programme, with JP Morgan appointed as the depositary bank.
Tharisa agrees fiscal rules with Zimbabwe for $545 million platinum project
Tharisa has reached an agreement with Zimbabwe on fiscal regulations for its proposed $545m Karo Platinum project, a critical step ahead of concluding its funding.
Tharisa’s Karo project on course, fiscal terms with Zim govt near conclusion
“Good progress has been made in terms of the Karo funding…(which) is subject to final agreement with the government of Zimbabwe on the fiscal stability agreements which are nearing conclusion.”