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Search results: Karo Platinum project
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...
Unpacking the 2025 Platinum Price Resurgence: Supply Challenges, Market Dynamics, and Zimbabwe’s Growing Role in PGMs
In 2025, the Platinum Group Metals (PGMs) market is experiencing a notable price rebound. Platinum has surged nearly 25% year-to-date, breaking above US$1,250 per ounce—its highest level in four years.By Ryan ChigocheMeanwhile, palladium trades near US$1,100...
Kuvimba Shifts to Open Pit for Darwendale Platinum Project as Prices Surge
Zimbabwe’s sovereign wealth fund-owned mining group, Kuvimba Mining House, has dramatically restructured its long-stalled Darwendale platinum project, opting for an open-pit development instead of the previously planned expensive underground model, Mining Zimbabwe can report.
By Rudairo Mapuranga
The...
Karo Platinum Unveils Energy Strategy to Tackle Zimbabwe’s Power Deficit
Karo Platinum has announced a multi-pronged strategy to mitigate Zimbabwe’s chronic power shortages, including strengthening regional grid access and investing in renewable energy infrastructure to support its mining operations in Mashonaland West Province.
By Ryan Chigoche
The emerging...
Karo Building US$5 Million Dam Project Set for 2026 Commissioning
Karo Platinum’s Environmental and Social Governance (ESG) arm is constructing a US$5 million dam to support sustainable water supply and biodiversity protection in its platinum mining concession in Mhondoro-Ngezi, with commissioning scheduled for the first quarter...
Karo Moves Toward New Bond Listing as Investor Interest Grows
Zimbabwe’s emerging platinum group metals (PGM) development project, Karo Platinum, is preparing to issue a new bond on the Victoria Falls Stock Exchange (VFEX) as it pushes ahead with the next phase of project development, Mining...
Karo Platinum Upholds Compliance Amid Market Headwinds
Tharisa Plc, the majority shareholder in Karo Platinum (Private) Limited, has reinforced its commitment to compliance and transparency by publishing an Independent Competent Persons’ Report (CPR) on the Karo Platinum Project in Mhondoro, Mining Zimbabwe can...
Zimbabwe’s Policy Environment adds to Karo Setbacks – Tharisa
The commissioning of the Karo Platinum Project in Zimbabwe has been delayed several times, primarily due to falling platinum group metal (PGM) prices and related funding challenges.
By Ryan Chigoche
Originally scheduled for July 2024, the project was...
Karo Retrenches Employees, Terminates Contractors Amid Tough Market Conditions
Tharisa plc-owned Karo Platinum has retrenched 16 permanent employees and terminated the contracts of several contractors as part of its strategic decision to optimize costs in response to the continued depression of platinum group metal (PGM)...
Karo Poised for Growth Despite Market Challenges
Victoria Falls Stock Exchange (VFEX)-listed platinum group metals (PGM) miner, Karo Mining Holdings (KMH), is navigating challenging market conditions while advancing its flagship Karo Platinum Project, Mining Zimbabwe reports.By Rudairo MapurangaIn its recently released audited financial...



