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…
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.