Loucas Pouroulis bows out 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
Fresh capital, old problems for Zimbabwe mining
ARE investors still too wary of Zimbabwe’s mining sector? Two international miners – Caledonia Mining and Tharisa – think so, and both are committing significant capital to…
Expensive yes, but $300m 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)…
Tharisa seals $300m Karo Platinum funding
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. The…
Implats takes shine to bite-sized Waterberg JV
IMPALA Platinum (Implats) has turned more positive on the long-delayed Waterberg JV project as plans for a smaller mine improve its chances of getting off the ground. Implats…
Tharisa to raise $300m bond for Karo Platinum
THARISA, the JSE-listed platinum and chrome miner, is preparing an initial five-year $300m bond with the proceeds aimed at plugging the balance of its $545m Karo Platinum project…
Karo Platinum secures 25-year mining deal in Zimbabwe
THARISA’S Karo Platinum project in Zimbabwe has secured a 25-year Special Mining Lease Agreement with the Government of Zimbabwe. This, the company says, provides the tenure and…
Platinum selldown a “pothole, not the end of the road”
PLATINUM shares have returned to buy territory after months of falling metals prices, sending valuations lower. The basket price for platinum, palladium and rhodium, the main…
Tharisa sees price support despite weaker chrome
CHROME concentrate prices have softened in the wake of softer stainless steel demand, partly owing to the Middle East conflict, said Tharisa CEO Phoevos Pouroulis. He was…
Platinum Week cognoscenti agree the metal will keep rolling on
PLATINUM has been on the wrong end of the Middle East crisis falling 13% since hostilities between the US and Israel and Iran began. Yet industry mavens who gathered for the…
Tharisa considering main market listing in London
THARISA, a JSE-listed chrome and platinum group metals miner, has raised the prospect of upgrading its listing in London in order to attract a broader pool of investors. “We do…
Tharisa agrees fiscal rules with Zimbabwe for $545m project
THARISA has reached agreement with Zimbabwe on fiscal regulations for its proposed $545m Karo Platinum project, a critical step ahead of concluding its funding. “Agreement has…
Tharisa shares jump on profit surge
THARISA shares rose as much as 7% during Thursday after the platinum and chrome producer flagged a near-fivefold increase in interim earnings, driven by sharply higher commodity…
Tharisa agrees ‘open book’ contract with Cementation
CHROME and platinum miner Tharisa said on Thursday it had concluded a five-year contract with Cementation Mining for the underground mining of its Tharisa mine in South Africa’s…
Implats weighs platinum growth projects in Zimbabwe
NO sector does a corporate faceplant quite like mining; tales of projects gone awry are legion. One from Zimbabwe involves BHP’s 10-year odyssey of misspend at the Hartley…
Tharisa navigates tricky quarter thanks to resilient PGMs
A DECLINE in grade hampered platinum group metal recoveries in a traditionally hazardous second quarter for Tharisa. However, an $800 per ounce gain in average pgm prices helped…
US, European funders in mix for Tharisa’s Karo project
THARISA is in talks with North American and European government-backed lenders to help finance the outstanding $300m of its Karo platinum group metals project in Zimbabwe, the…
Implats in talks with Tharisa on $545m Karo project
THARISA is in discussions to sell metals concentrate mined from its proposed $545m Karo Platinum mine in Zimbabwe to Impala Platinum (Implats). Discussions, which are not…
Muller floats new “vehicle” for Eastern Limb platinum mines
IMPALA Platinum (Implats) said the improved market for platinum group metals will support extension projects and prompt the company to explore cross-boundary cooperation with…
Overlooked Tharisa, a PGM bull market bridesmaid
IN the volatile world of South African mining, and after a historic year on the JSE led by miners, few stories remain as compelling, yet overlooked, as Tharisa. A ±105% YoY rally…