24th Aug 2026 15:07
Tharisa PLC - Cyprus-headquartered platinum miner - Says its sunsidiary Karo Platinum Private Ltd has signed a special mining lease agreement with the Zimbabwean government. For Karo, this agreement secures the tenure and fiscal framework required to advance the Karo Platinum Project towards first production. Zimbabwean government owns 15% in Karo Platinum. The lease has been granted for an initial term of 25 years. Karo Platinum is an an open pit mine, with mineral reserve of 2.1 million ounces and a mineral resource of 11.2 million ounces.
Current stock price in Johannesburg: ZAR26.50, up 1.0% on Monday afternoon
12-month change: up 25%
Current stock price in London: 123.00 pence, up 1.7%
12-month change: up 36%
By Artwell Dlamini, Alliance News senior reporter South Africa
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