Karo Mining restructures debt

The first-phase operations are expected to commence in the second half of next year and will employ around 1 000 people and produce 226 ounces of platinum annually.

KARO Mining Holdings is restructuring its US$50 million bond it listed on the Victoria Falls Stock Exchange in 2022 as weakening platinum group metals prices weigh down on the company’s profitability.The Issuer is seeking to extend the tenor of the Issuer’s bond by an additional three years to December 1, 2028 thereby aligning with the…

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