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Search results: Karo Platinum project
Tharisa Confident in Recovering PGMs Market as Karo Platinum Project Stays on Course
JSE-listed South African mining company Tharisa has reaffirmed its confidence in the Platinum Group Metals (PGMs) market as it advances the Karo Platinum Project, citing strong global demand fundamentals and a structurally balanced market, Mining Zimbabwe...
Tharisa Advances Karo Platinum Project Despite Funding Challenges, Remains Bullish on PGM Outlook
Johannesburg Stock Exchange-listed mining company Tharisa plc continues to advance its Karo Platinum project despite ongoing funding challenges and volatile platinum group metals (PGMs) prices, Mining Zimbabwe can report.By Rudairo MapurangaThe company remains optimistic about the...
Karo platinum project a prime example of local empowerment
Tharisa's Karo Platinum Group Metals (PGM) Project in Mhondoro Ngezi has proven to be one of the favourites with 99 per cent of employees and contractors being from within Zimbabwe.Rudairo MapurangaThe project whose groundbreaking exploration was...
Tharisa to raise US$50 million for Karo Platinum project
Tharisa has announced the opening of a fixed-income note offer by Karo Mining Holdings, a subsidiary of Tharisa, to raise US$50 million to be listed on the Victoria Falls Stock Exchange (VFEX).The proceeds from the Bond...
Karo platinum project taking off with solar power tailwind
A multi-phased development approach is being adopted at the Karo Platinum project in Zimbabwe, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to mill in July 2024.
“In July 2024, we will put...
Tharisa acquires Karo platinum project in Zimbabwe
Platinum producer Tharisa Plc has acquired a controlling stake in a platinum group metals (PGMs) project in Zimbabwe which will eventually double its output, it said on Thursday.
Tharisa exercised an option to increase its stake in...
Karo Mining Cuts FY2025 Loss as Platinum Price Recovery Revives Project Momentum
Karo Mining Holdings Plc, the VFEX-listed investment company developing the Karo Platinum Project in the Great Dyke, reduced its consolidated loss in the year ended 30 September 2025, reflecting firmer platinum prices and a stabilisation of...
Karo Platinum Advances Project as It Seeks $165M to Complete Zimbabwe’s Next Major PGM Operation
Karo Platinum, a Zimbabwean platinum group metals (PGM) project owned by Tharisa, is ramping up construction at its Chegutu site as it works to close a $165 million funding round critical to completing the first phase.
By...
Spanish firm rolls in to anchor US$499m Karo Platinum development
Tharisa Plc has taken a decisive step toward advancing its long-delayed Karo Platinum Mine in Zimbabwe after awarding a key mining contract to Spanish engineering firm EPSA, effectively anchoring the US$499 million development as it moves...
Green Light for Karo’s US$50m Debt Restructuring: Bondholders Endorse Extended Tenor and Higher Yield
The country’s emerging platinum group metals (PGM) producer, Karo Mining Holdings plc, has successfully secured the necessary bondholder approval to restructure its VFEX-listed US$50 million bond for the US$4.2 billion Karo platinum project in Mhondoro-Ngezi, Mining...
Karo Mining Seeks Bondholder Nod for Debt Restructuring
Victoria Falls Stock Exchange-listed emerging platinum group metals (PGM) producer Karo Mining Holdings has called upon its bondholders to approve three critical amendments to its existing bond terms, seeking an extension of the debt tenure, an...
Platinum Prices Surge 80% Since April as Zimbabwe Stands to Gain
Platinum has reclaimed the spotlight after years in the shadows of lithium and copper. Prices have surged 80% since April 2025, climbing above US$1,650 per ounce — their highest level in more than a decade, Mining...
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