Headwinds push US$12b mining vision off rail - Zimbabwe Situation zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.
HARARE (Reuters) - Tharisa Plc, will delay commissioning its Karo mine in Zimbabwe by up to a year to June 2025 due to current weak platinum group metal prices (PGM) and an uncertain global economic outlook, the miner said on T.uesday.
Tharisa is building the 194,000 ounce per year Karo PGM.
The project is an open-pit platinum group metals (PGMs) asset currently under construction at a cost of US$391 million with an expected annual output of 194 000 ounces.
The project is an open-pit platinum group metals (PGMs) asset currently under construction at a cost of US$391 million with an expected annual output of 194 000 ounces.