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Home » Tharisa commits US$20 million into Karo project
Companies & Markets

Tharisa commits US$20 million into Karo project

written by Mishma Chakanyuka, Staff Writer 0 comments
The Karo project, still in its pre-revenue generation phase, remains heavily reliant on shareholder support and external funding.
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THARISA has committed an additional US$20 million into its Karo platinum project in Zimbabwe through a commodity-linked notes debt facility from Arxo Finance. The Cyprus-based integrated resources group has a 79 percent stake in Karo Mining Holdings (Karo), the project owners. As part of its funding strategy for the US$499 million platinum project, Tharisa has…

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