Karo platinum zimbabwe contact details 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. The mine, which is close to Impala Platinum’s Zimplats operations, was due to be commissioned by July 2024. Login Oct 13, 2022 · South African chrome and PGMs miner Tharisa is gearing up for its Karo open pit platinum mining project in 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 will have initial open pits with less than 12% of the 23 903 ha project area having been utilised to attaining this Dec 3, 2022 · Karo Mining, an 85%-owned subsidiary of JSE- and LSE-listed platinum group metals (PGMs) and chrome co-producer Tharisa, reports that the subscription closing date to raise $50-million by way of Karo Mining Holdings, the company spearheading the Karo Platinum project in Zimbabwe, has announced that its First Ore in Mill (FOIM) is now anticipated in the latter half of 2026. The Karo project, expected to start producing in two years, will produce 150,000 ounces a year of PGMs in concentrate in its first phase, the company said. 7% 100% 85% Generation Minerals* 15% Oct 18, 2024 · 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 Karo Platinum was granted the right to mine for five years pursuant to a Special Grant issued on 8 June 2018. 21st April 2023. CONTACT US 4th floor Fidelity Life Towers, Harare Karo Platinum Mine. 3% in an all-share deal valued at $27m. It is part of the Bushveld Igneous Complex. 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. We have a view of having the project commissioned by 2025,” said Karo Resources Country Manager, Dr Josephat Zimba. 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. May 30, 2024 · Tharisa is the latest platinum group metal (PGM) miner planning to tap the buoyant gold market. Project location. 10 February 2023 Apr 21, 2023 · Karo Platinum project, Zimbabwe – update. 4 million Mar 31, 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 Mar 10, 2024 · Karo Platinum Holdings is going ahead with the development of its platinum mine despite the falling PGM prices, with US$100 million already spent on mine infrastructure development. 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. It is expected to finalise the project pre-feasibility study Apr 19, 2024 · We would like to show you a description here but the site won’t allow us. 8% to 66. 3% 33. Nov 4, 2022 · A local earthworks contractor has been appointed. Nyashadzashe Ndoro. 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. 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. 2 days ago · Karo Mining Holdings plans to process 2. The Great Dyke is a PGM-bearing geological feature that Karo Mining has reportedly launched its $4. Mar 31, 2022 · The Zimbabwe government has a 15% holding in Karo Platinum, an indirect subsidiary of Karo Holdings. 15th October 2021. 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. Contact info. com. 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. Karo Platinum Mine solar farm is a solar photovoltaic (PV) farm under construction in Chegutu, Mashonaland West Province, Zimbabwe. The ceremony was attended by Honourable Minister Chitando, Zimbabwe’s Minister of Mines & Development, but also local Chiefs, dignitaries and Jan 9, 2025 · Karo Resources is nearing a breakthrough in securing a US$225m funding to complete the construction of its flagship platinum group metals (PGMs) project in Zimbabwe. A total of US$17,6 million of the expenditure was spent on Feb 19, 2025 · 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) prices, Mining Zimbabwe can report. “Construction is currently on the go. Furthermore, the company is exploring cleaner technologies to reduce its environmental footprint, aligning with global efforts to decarbonize the mining sector. At Karo Mining Holdings, we are proud to be leaders in the mining sector, constantly pushing boundaries and unlocking the Earth's hidden treasures. By Rudairo Mapuranga 3 days ago · Tharisa is building the 194 000 ounce per year Karo PGM mine at a cost of US$391 million (R7. Jan 9, 2025 · The Karo platinum project is located within the Great Dyke in the Mashonaland West District of Zimbabwe. 2billion, will consist of a coal mine and 300MW solar power station. 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. 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. Contact Details for Project Information Karo Mining Holdings, email info@karomining. 4 million tonnes of PGM ore per annum. Dec 14, 2023 · Karo Platinum. 27th May 2022. 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. 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. The project is an open-pit platinum group metals (PGMs) asset currently under construction at a cost of US$391m with an expected output of 194 000 ounces of platinum annually. This project will establish a large scale vertically integrated Platinum Group Metals (PGMs) mining complex in Zimbabwe | Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. Africa-focused transitional energy company Chariot Energy, in partnership with Total Eren, a leading Dec 10, 2022 · The solar PV plant will provide competitive electricity directly to and soley for the Karo Platinum Project in Zimbabwe. 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 company now owns 70% of Karo Mining Holdings, with 30% held by Leto Settlement. POSTAL ADDRESS. Victoria Falls Stock Exchange listed platinum mining giant, Karo Mining Holdings has announced that it is at an advanced stage of securing US$225 million in debt funding to complete the construction of its platinum project in Zimbabwe. 2018 2017 Jan 4, 2022 · Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26. Phone: +27 (0)11 622 3744: Jan 6, 2025 · KARO Mining Holdings is at an advanced stage to secure a US$225 million debt funding for the completion of the construction of its platinum project gathers steam. By: Sheila Barradas . Feb 18, 2025 · The Karo Platinum project is an open-pit PGM asset under construction, located on the Great Dyke in Zimbabwe. 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. May 27, 2022 · Karo Platinum project, Zimbabwe. Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. Jan 12, 2023 · The Karo project is a culmination of a US$4,2 billion platinum deal signed with the in 2018. Contact info. Chief Reporter. The project comes at a time when the government under President Emmerson Mnangagwa is working on the revival of the country’s economy after the end of his predecessor’s rule that lasted more than three decades. 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. South African firm, Tharisa Capital, says plant construction and pilot mining at its Karo Platinum Project in Zimbabwe are progressing well, with the project having attained 536 Feb 20, 2025 · Zimbabwe: Solarcentury to develop PV plant for Eureka gold mine Zimbabwe: Total Eren, Chariot to install Karo Platinum solar plant Spike in mining projects piles pressure on Zimbabwe’s power sector Zimbabwe: Karo Energy partners Argentum Energy for 300MW solar plant Oct 15, 2024 · Tharisa plans to invest US$391 million to complete phase 1 of the Karo platinum project. Platinum is Zimbabwe’s second largest mining export after gold. … Jan 10, 2024 · The special grant awarded to Karo Platinum is located in the Great Dyke in the Mashonaland West, approximately 80kilometres southwest of Harare and 35km southeast of Chegutu, south of the Zimplats Dec 8, 2022 · The Karo Mining Holdings (KMH), a Zimbabwean platinum group metal (PGMs) miner undertaking a US$4,2 billion project in Mhondoro, has commenced operations with the first ore expected in the Mar 31, 2022 · Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26. 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. dfiyi axtg lzbd aoyhy yylcb lhwd kerep wmuzn ofwewr ufpga cal iveyn edvk drs lws