Karo project gets platinum price boost

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 says improved platinum prices enhanced the viability and confidence around the debt financing capacity of its platinum project in Zimbabwe. The project, with a funding requirement of US$499 million, saw construction work delayed due to a significant platinum price decline in 2024. Prices, however, improved by 45 percent in 2025 to US$1…

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