Tharisa to buy majority stake in Karo PGM project in Zimbabwe
Cyprus-based platinum group metals (PGM) producer Tharisa has executed its option to farm-in and acquired a controlling stake in the holding company of Karo platinum project (Karo Holdings) for total consideration of $27m. Under the terms of the deal, the company will increase its stake in Karo Holdings from 26.8% to 66.3%, by issuing 13.69…