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Home » Depressed PGM market dents Karo project
National Report

Depressed PGM market dents Karo project

written by Mishma Chakanyuka, Staff Writer 0 comments
Karo said its parent company, Tharisa plc has been following through on its commitment to fund the first US$135million of the project budget through equity and equity-type instruments and to provide various guarantees for the group to secure the additional debt.
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SUBDUED prices of platinum group metals (PGMs) globally during the course of 2024 adversely impacted development of Karo Mining Holdings (Karo)’s platinum project owing to delays in funding workstreams, the company has reported. Karo, a local subsidiary of South African based resource group Tharisa plc said the PGMs’ price environment necessitated a review of the…

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