Karo platinum zimbabwe contact details 27th May 2022. When complete, the project will take Tharisa’s PGM production to about 400 000 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Find company information, contact details, financial data & company linkages for KARO PLATINUM MINES(PRIVATE) LIMITED of Harare, Zimbabwe. Jul 18, 2023 · Tharisa Capital, a South African co-producer of platinum group metal (PGM) and chrome concentrates, says its Karo Mining platinum project in Zimbabwe remains on track, with the first plant May 27, 2022 · Karo Platinum project, Zimbabwe. Tharisa holds 76,66 percent in Karo Mining, and with a commitment to provide further Apr 25, 2024 · The Karo project in Zimbabwe is an open-pit platinum group metals (PGMs) asset under construction at a projected cost of US$391 million for phase 1. 10 February 2023 Apr 21, 2023 · Karo Platinum project, Zimbabwe – update. Furthermore, the company is exploring cleaner technologies to reduce its environmental footprint, aligning with global efforts to decarbonize the mining sector. The company now owns 70% of Karo Mining Holdings, with 30% held by Leto Settlement. Dec 31, 2024 · Tharisa Capital Plc says expenditure into the group’s Karo platinum project in Zimbabwe has reached US$131,3 million since June 2022. The project, valued at $4. A second family-controlled firm, Karo Holdings, holds a permit there where it aims to produce 14. Oct 12, 2023 · The Karo project, together with other upcoming platinum projects and upgrades from existing platinum mines worth over US$10 billion, is set to position the country as a global platinum powerhouse. We have a view of having the project commissioned by 2025,” said Karo Resources Country Manager, Dr Josephat Zimba. The funding will supplement capital already sourced from various avenues to drive the development forward. 3% in an all-share deal valued at $27m. Tharisa is a 70% shareholder in the issuer, a company incorporated in the Republic of Cyprus, which in turn indirectly owns 85% of the Karo Platinum Project, with the Government of Zimbabwe holding the Mar 11, 2024 · Zimbabwe’s platinum output surged to 133 koz in Q4; A record production anchored by Unki Mine; Unki is fully-owned by Amplats; Harare- Zimbabwe has achieved a remarkable milestone in its platinum production, with quarterly output reaching an unprecedented high of 133,000 ounces (koz), representing an estimated 8% year-on-year increase. May 30, 2024 · Tharisa is the latest platinum group metal (PGM) miner planning to tap the buoyant gold market. By: Sheila Barradas . Nyashadzashe Ndoro. com. com Oct 25, 2024 · As Tharisa continues to navigate the challenges posed by fluctuating global PGM prices, its commitment to Zimbabwe’s mining future remains clear. 5 metric tonnes of platinum ore annually at its Mhondoro-Ngezi Plant. Mar 15, 2019 · Work is progressing on a 23 903 ha concession area on Zimbabwe’s Great Dyke where Karo Mining intends to establish a platinum group metals project. 4 billion) on Zimbabwe’s Great Dyke, about 100km south-west of the capital Harare. 2bn platinum mine, located in the Mhondoro-Ngezi platinum belt in Chegutu, Zimbabwe. Oct 18, 2023 · The Karo Platinum project on Zimbabwe’s mineral-rich Great Dyke belt is a US$4,2 billion PGMs mining project. Karo Platinum Zimbabwe 2nd Floor Old Mutual Centre Corner 3rd Street and Jason Moyo Avenue Harare Zimbabwe ; Telephone:+263 8677009935 ; Telephone: +263 242701761 ; Email: info@karomining. Generation Minerals option to increase its shareholding in Karo by 11% ‒Exercisable after 24 months but before 36 months ‒Payable in cash at the current NPV of the Karo Project EXERCISE OF OPTION Tharisa plc Leto Settlement Karo Mining Holdings Karo Zimbabwe Holdings Karo Platinum 66. Chief Reporter. The Mining Lease area for the Karo Project covers an area of 23 903 ha and is located within the Great Dyke in the Mashonaland West District of Zimbabwe, approximately 80 km southwest of Harare and 35 km The project will include PGM mines, concentrators, smelters, a base metal and precious metals refinery, as well as renewable power generation capacity made available to the Zimbabwe power grid. Dec 7, 2022 · Tharisa is a 70% shareholder in Karo Mining Holdings which in turn indirectly owns 85% of the Karo Platinum Project, with the Government of Zimbabwe holding the remaining 15%, on a free carry basis. Contact info. Oct 21, 2022 · The earthworks contractor has started clearing the site for earthworks terracing to begin in December 2022. 2018 2017 Jan 4, 2022 · Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26. Karo Mining Holdings fully owned subsidiary Karo Zimbabwe Holdings in turn owns 85% of Karo Platinum, the operating company, withRead More Apr 1, 2023 · This leads us to the the commencement of the construction of the Karo Platinum Project in Zimbabwe – an investment case which meets the Tharisa strategic investment criteria of open pit, quick to market, returns and diversification – with ground breaking having taken place in December 2022 and a successful capital raise and listing on VFEX owns 85% of the Karo Platinum Project ('Karo Project'), with the Government of Zimbabwe holding the remaining 15%, on a free carry basis. Gold buying prices per gram in Zimbabwe today 7 February 2025, from the official gold Karo Platinum is the newest low-cost, open pit PGM asset under construction and located on the Great Dyke in Zimbabwe. Tharisa is also developing the Karo Platinum Project, a low-cost, open-pit PGM asset located on the Great Dyke in Zimbabwe, while simultaneously focusing on beneficiation in the form of chrome and Oct 31, 2022 · The capital raise forms part of a broader capital strategy by Tharisa to develop the Karo Platinum Project in Zimbabwe on time and on budget. 4 million tonnes of PGM ore per annum. 3% in an all-share deal valued at $27 million. “Construction is currently on the go. Dec 16, 2022 · Tharisa is a 70% shareholder in Karo Mining, which, in turn, indirectly owns 85% of the Karo Platinum project, with the government of Zimbabwe holding the remaining 15% of the project on a free Feb 20, 2025 · Karo Mining Holdings, a Victoria Falls Stock Exchange-listed platinum miner once touted as a game-changer for Zimbabwe’s mining sector, is reportedly cutting jobs and delaying key projects amid financial strain. Jan 11, 2024 · The firm is developing the Karo Platinum Project in Zimbabwe, covering 23 903 hectares located within the Great Dyke in the Mashonaland West province. Josephat is a Fellow of the Zimbabwe Academy of Sciences and a Past President of the Africa Materials Research Society (AMRS). A joint venture between Karo Mining Holdings (85%) and Generation Minerals (15%), a Republic of Zimbabwe special purpose vehicle (SPV), the Karo Platinum project has an initial life of 17 years with less than 10% of the 23 903 Oct 14, 2022 · 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 Oct 15, 2021 · Karo Platinum project, Zimbabwe – update. Karo Mining Holdings controls an indirect 85% of the shareholding of Karo Platinum with the Republic of Zimbabwe (through Generation Minerals Private Limited) holding the remaining 15% on a free funded carry basis. Project Details Table 1: Phase-level project details for Karo Platinum Mine solar farm Feb 12, 2024 · The mining company’s project in Zimbabwe is an open-pit platinum group metals (PGMs) asset under construction at a projected cost of US$391 million for phase 1. This delay stems from funding slowdowns caused by a drop in platinum group metal (PGM) prices. Mines and Mining Development Minister Winston Chitando said the commencement of works at the Karo project and other developments happening at existing platinum producers would make Zimbabwe as a key global player in the PGMs sector. The mining company’s project in Zimbabwe is an open-pit platinum group metals (PGMs) asset under construction at a projected cost of US$391 million for phase 1. Karo Mining Holdings has identified an open date for the first of four mines in 2020, with the company also expecting to produce up to 1. com Oct 28, 2022 · 5 April 2023 Karo Mining Holdings appoints Gloria Zvaravanhu as an independent non-executive director and chairman of the audit committee Karo Mining Holdings appoints Gloria Zvaravanhu 12 December 2022 Karo Platinum Project – Bond issue result of private placement and commencement of listing on the Victoria Falls Stock Exchange Karo Platinum Dec 13, 2022 · OFFICE. “Karo Platinum implementation studies have been completed,” Tharisa said. Tharisa is a 70%shareholder in Karo Mining, which in turn, indirectly owns 85% of the Karo platinum project Dec 15, 2023 · 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. A joint venture between Karo Mining Holdings (85%) and Generation Minerals (15%), a Republic of Zimbabwe special purpose vehicle (SPV), the Karo Platinum project has an initial life of 17 years with less than 10% of the 23 903 The Modikwa platinum mine is a large underground mine in the north-eastern part of South Africa northwest of Burgersfort, Limpopo. Apr 18, 2024 · Karo Platinum is the newest low-cost, open-pit Platinum Group Minerals asset under construction and located on the Great Dyke in Zimbabwe. Jan 9, 2025 · Its partnership with the Government of Zimbabwe, which holds a 15% free-carry stake in the Karo Platinum Project, reflects a commitment to sharing project benefits with the local community. Mar 31, 2022 · The Zimbabwe government has a 15% holding in Karo Platinum, an indirect subsidiary of Karo Holdings. Jan 6, 2025 · KARO Mining Holdings, the developer of the Karo Platinum project in Zimbabwe, expects its First Ore in Mill (FOIM) in the second half of 2026 owing to a slowdown in funding workstreams caused by Dec 2, 2022 · CONTACT US Tenders View and download RFPs available for tender, applicable to Karo Platinum Zimbabwe: 9 March 2023 KP0035-Bulk Fuel Supplier. Theresa said the mining lease area for the Karo project covers an area of 23,903 hectares and Apr 17, 2023 · The Karo Platinum Project has a total capital cost for phase one of US$391 million which is envisioned to be “the” second world-class asset in Tharisa’s portfolio. Feb 18, 2025 · The Karo Platinum project is an open-pit PGM asset under construction, located on the Great Dyke in Zimbabwe. The country hosts the second-largest platinum deposits after South Africa. *Limited to most recent 250 articles Use advanced search to set an earlier date range Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. This project will establish a large scale vertically integrated Platinum Group Metals (PGMs) mining complex in Zimbabwe | Karo Platinum is the Discover exciting career opportunities with Karo Mining. Oct 17, 2023 · The Karo platinum project, an openpit PGMs project under construction in Zimbabwe’s Great Dyke, is a long-life asset with an initial 17-year life-of-mine. 21st April 2023. 2 nd Floor Old Mutual Centre Corner Jason Moyo and 3 rd Street, Harare, Zimbabwe Oct 20, 2023 · Tharisa is a 70% shareholder in Karo Mining, which, in turn, indirectly owns 85% of the Karo platinum project, with the government of Zimbabwe holding the remaining 15% of the project on a free Apr 21, 2023 · Karo Platinum project, Zimbabwe – update. . 15th October 2021. The JSE-listed firm is hoping a gold streaming deal will plug a hole in funding its Karo Platinum Feb 15, 2025 · Karo Mining secures US$225m debt funding for platinum project. Mar 12, 2024 · Currently, Zimbabwe has three platinum producers, namely Zimplats, Mimosa, and Unki, while the fourth, Karo Resources, is targeting first ore production by 2025. ssito hcc zely ebcz mloh wryem ezs khs ghvn nrljhd yun rfxaf zhklt fboxt lliwlqr