Karo donates 223 fruit trees
As part of its Environmental, Social and Governance (ESG) initiatives, Victoria Falls Stock Exchange listed Karo Mining Holdings’ Karo Platinum Mine has provided 223 fruit tree saplings to Katawa Primary School equivalent to one for each student.
Rudairo Mapuranga
Karo aims to enhance tree cover in the area while benefiting pupils from the school with a reliable source of vitamins.
“Karo mine committed itself to help Katawa Primary School situated in ward 26 of the Chegutu Rural District Council within the boundaries of its mining lease area. The aim is to enhance the tree cover in the area while benefiting the students with a reliable source of vitamins and generating revenue for the school. As part of this commitment, Karo has provided 223 fruit tree saplings to the school, equivalent to one for each student. This initiative reflects our dedication to environmental, social and governance (ESG) principles and our commitment to local investments,” Karo said.
In terms of production, a multi-phased development approach is being adopted at the Karo Platinum project, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to the mill in July 2024.
The land has been allocated for a 300 MW solar plant to serve the project, the 12-month design and construction period for which began on July 1.
The updated output is scheduled at 194 000 oz/y, which puts the project in line with Anglo American Platinum’s Unki mine, also on Zimbabwe’s Great Dyke.
The total cost to first ore in mill is estimated at $ 391 million, with $ 20 million spent to date and with Tharisa able to provide an extra escalation reserve of $ 26 million should it be needed in today’s volatile world of escalation and inflation.