Tharisa commits US$20 million into Karo project

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.

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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