Depressed PGM market dents Karo project

Earlier this year, Karo said improved platinum prices enhanced the viability and confidence around debt financing capacity of its platinum project.

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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