Tharisa makes US$300m Karo breakthrough

THARISA has secured US$300 million in debt financing for its Karo Platinum Project in Zimbabwe, clearing a major funding hurdle as construction progresses towards first ore in the fourth quarter of 2027. The London- and Johannesburg-listed mining group successfully priced a five-year senior secured Nordic bond carrying an annual coupon of 11 percent. According to…

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