Karo platinum zimbabwe contact details Karo Mining Holdings fully owned subsidiary Karo Zimbabwe Holdings in turn owns 85% of Karo Platinum, the operating company, withRead More Apr 1, 2023 · This leads us to the the commencement of the construction of the Karo Platinum Project in Zimbabwe – an investment case which meets the Tharisa strategic investment criteria of open pit, quick to market, returns and diversification – with ground breaking having taken place in December 2022 and a successful capital raise and listing on VFEX owns 85% of the Karo Platinum Project ('Karo Project'), with the Government of Zimbabwe holding the remaining 15%, on a free carry basis. A joint venture between Karo Mining Holdings (85%) and Generation Minerals (15%), a Republic of Zimbabwe special purpose vehicle (SPV), the Karo Platinum project has an initial life of 17 years with less than 10% of the 23 903 ha project area having been Mar 21, 2025 · The Pouroulis family's flagship project in Zimbabwe, however, is a PGM (platinum-group metals) one in Mashonaland West Province, northwest of Harare. Project location. Oct 21, 2021 · The acquisition provided Tharisa access to an area covering 23 903 ha on the Great Dyke of Zimbabwe, containing an estimated PGM resource of some 96 million ounces (on a 4E basis). Africa-focused transitional energy company Chariot Energy, in partnership with Total Eren, a leading Dec 10, 2022 · The solar PV plant will provide competitive electricity directly to and soley for the Karo Platinum Project in Zimbabwe. Dec 14, 2023 · Karo Platinum. Nyashadzashe Ndoro. Commenting in the group’s six month results to end-March, CEO Phoevos Pouroulis also said a delay in a tax agreement with the government of Zimbabwe, where the project is located, was weighing on the project’s financing timeline. The country hosts the second-largest platinum deposits after South Africa. May 27, 2022 · Karo Platinum project, Zimbabwe. Group chief executive Mr Phoevos Pouroulis, in production results for the second quarter of 2024, said the group was also progressing on the road to Oct 15, 2024 · The Karo project has since identified land for a 300 MW solar plant to supply the operation. The JSE-listed firm is hoping a gold streaming deal will plug a hole in funding its Karo Platinum Feb 15, 2025 · Karo Mining secures US$225m debt funding for platinum project. (Credit: Alex Banner from Pixabay) Reuters- South Africa's Tharisa Plc plans to spend $391 million on developing a 194,000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday. . When complete, the project will take Tharisa’s PGM production to about 400 000 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Find company information, contact details, financial data & company linkages for KARO PLATINUM MINES(PRIVATE) LIMITED of Harare, Zimbabwe. “Negotiations are well advanced by Karo Platinum on a senior project finance facility and a term sheet has been agreed with a consortium of lenders, supported Jul 15, 2024 · Karo Platinum is jointly owned by the government of Zimbabwe and Karo Mining Holdings. Josephat has been with the Tharisa Group for more than 13 years and has served in various capacities. Jan 15, 2024 · Zimbabwe's largest daily newspaper. Feb 6, 2025 · Africa-focused energy companies Chariot Limited and Solarcentury Africa have partnered to develop a large-scale solar plant in Zimbabwe for the Karo Platinum Mine Lorem ipsum dolor sit amet, consectetur adipiscing elit. com Oct 25, 2024 · As Tharisa continues to navigate the challenges posed by fluctuating global PGM prices, its commitment to Zimbabwe’s mining future remains clear. Tharisa hold 75% of Karo Mining Holdings, as a result of having provided significant capital for the development of the project. 3% in an all-share deal valued at $27m. Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. The ceremony was attended by Honourable Minister Chitando, Zimbabwe’s Minister of Mines & Development, but also local Chiefs, dignitaries and Jan 9, 2025 · Karo Resources is nearing a breakthrough in securing a US$225m funding to complete the construction of its flagship platinum group metals (PGMs) project in Zimbabwe. Oct 12, 2023 · The Karo project, together with other upcoming platinum projects and upgrades from existing platinum mines worth over US$10 billion, is set to position the country as a global platinum powerhouse. 2bn platinum mine, located in the Mhondoro-Ngezi platinum belt in Chegutu, Zimbabwe. By Rudairo Mapuranga 3 days ago · Tharisa is building the 194 000 ounce per year Karo PGM mine at a cost of US$391 million (R7. This project will establish a large scale vertically integrated Platinum Group Metals (PGMs) mining complex in Zimbabwe | Karo Platinum is the Discover exciting career opportunities with Karo Mining. Phone: +27 (0)11 622 3744: Mar 31, 2022 · The Mining Lease area for the Karo Project covers an area of 23 903 ha and is located within the Great Dyke in the Mashonaland West District of Zimbabwe, approximately 80 km southwest of Harare and 35 km southeast of Chegutu. 21st April 2023 By: Contact Details for Project Information Karo Mining Holdings, email info@karomining. The funding will supplement capital already sourced from various avenues to drive the development forward. 2018 2017 Jan 4, 2022 · Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26. 7% 100% 85% Generation Minerals* 15% Oct 18, 2024 · Tharisa is a 70% shareholder in Karo Mining, which, in turn, indirectly owns 85% of the Karo platinum project, with the government of Zimbabwe holding the remaining 15% of the project on a free Karo Platinum was granted the right to mine for five years pursuant to a Special Grant issued on 8 June 2018. By: Sheila Barradas . Tharisa is a 70%shareholder in Karo Mining, which in turn, indirectly owns 85% of the Karo platinum project Dec 15, 2023 · Tharisa’s Karo Platinum Group Metals (PGM) Project in Mhondoro Ngezi has proven to be one of the favourites with 99 per cent of employees and contractors being from within Zimbabwe. It is part of the Bushveld Igneous Complex. Karo Mining Holdings controls an indirect 85% of the shareholding of Karo Platinum with the Republic of Zimbabwe (through Generation Minerals Private Limited) holding the remaining 15% on a free funded carry basis. … Jan 10, 2024 · The special grant awarded to Karo Platinum is located in the Great Dyke in the Mashonaland West, approximately 80kilometres southwest of Harare and 35km southeast of Chegutu, south of the Zimplats Dec 8, 2022 · The Karo Mining Holdings (KMH), a Zimbabwean platinum group metal (PGMs) miner undertaking a US$4,2 billion project in Mhondoro, has commenced operations with the first ore expected in the Mar 31, 2022 · Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26. POSTAL ADDRESS. 4 million tonnes of PGM ore per annum. By Ryan Chigoche Feb 11, 2025 · Get into your account. The solar PV project is expected to have an initial installed capacity of 30MWp with a potential extension of up to 300MWp. com. The company now owns 70% of Karo Mining Holdings, with 30% held by Leto Settlement. The mining company’s project in Zimbabwe is an open-pit platinum group metals (PGMs) asset under construction at a projected cost of US$391 million for phase 1. Modikwa platinum mine Who is the owner of modikwa platinum mine? Owned jointly by African Rainbow Minerals (ARM) and Anglo Platinum, the mine began operations in the Oct 17, 2022 · A multi-phased development approach is being adopted at the Karo Platinum project in Zimbabwe, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to mill in July 2024. Feb 18, 2025 · The Karo Platinum project is an open-pit PGM asset under construction, located on the Great Dyke in Zimbabwe. At Karo Mining Holdings, we are proud to be leaders in the mining sector, constantly pushing boundaries and unlocking the Earth's hidden treasures. Project Details Table 1: Phase-level project details for Karo Platinum Mine solar farm Feb 12, 2024 · The mining company’s project in Zimbabwe is an open-pit platinum group metals (PGMs) asset under construction at a projected cost of US$391 million for phase 1. May 17, 2020 · Karo Mining Holdings has officially launched its Mhondoro-Ngezi platinum mine project in Zimbabwe. Contact info. This delay stems from funding slowdowns caused by a drop in platinum group metal (PGM) prices. The Karo project, expected to start producing in two years, will produce 150,000 ounces a year of PGMs in concentrate in its first phase, the company said. co. *Limited to most recent 250 articles Use advanced search to set an earlier date range Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. 8% to 66. “Karo Platinum implementation studies have been completed,” Tharisa said. Victoria Falls Stock Exchange listed platinum mining giant, Karo Mining Holdings has announced that it is at an advanced stage of securing US$225 million in debt funding to complete the construction of its platinum project in Zimbabwe. A total of US$17,6 million of the expenditure was spent on Feb 19, 2025 · Tharisa plc-owned Karo Platinum has retrenched 16 permanent employees and terminated the contracts of several contractors as part of its strategic decision to optimize costs in response to the continued depression of platinum group metal (PGM) prices, Mining Zimbabwe can report. Karo Platinum Mine solar farm is a solar photovoltaic (PV) farm under construction in Chegutu, Mashonaland West Province, Zimbabwe. Jan 11, 2024 · The firm is developing the Karo Platinum Project in Zimbabwe, covering 23 903 hectares located within the Great Dyke in the Mashonaland West province. Phone: +27 (0)11 622 3744: Jan 6, 2025 · KARO Mining Holdings is at an advanced stage to secure a US$225 million debt funding for the completion of the construction of its platinum project gathers steam. Oct 6, 2023 · Tharisa is a 70% shareholder in Karo Mining, which, in turn, indirectly owns 85% of the Karo Platinum project, with the government of Zimbabwe holding the remaining 15% of the project on a free Karo Mining Holdings | 21,524 followers on LinkedIn. Josephat is a Fellow of the Zimbabwe Academy of Sciences and a Past President of the Africa Materials Research Society (AMRS). The London – listed platinum miner which recently acquired a controlling stake in Karo Holdings, intends to spend US$250 million to complete the first phase of the project. Tharisa holds 76,66 percent in Karo Mining, and with a commitment to provide further Apr 25, 2024 · The Karo project in Zimbabwe is an open-pit platinum group metals (PGMs) asset under construction at a projected cost of US$391 million for phase 1. The mine, which is close to Impala Platinum’s Zimplats operations, was due to be commissioned by July 2024. 2 days ago · Karo Mining Holdings plans to process 2. “Construction is currently on the go. Platinum is Zimbabwe’s second largest mining export after gold. We have a view of having the project commissioned by 2025,” said Karo Resources Country Manager, Dr Josephat Zimba. Nov 4, 2022 · A local earthworks contractor has been appointed. He is currently the Country Manager for Zimbabwe and has been involved with the Karo project since its inception. The Great Dyke is a PGM bearing geological feature that runs from north to south direction, and it is approximately 550 km in length and up to 11 km wide, second to the Bushveld Complex of South Africa in terms of its PGM resource base. We believe that our success lies in the dedication and expertise of our exceptional team. Karo Platinum Zimbabwe 2nd Floor Old Mutual Centre Corner 3rd Street and Jason Moyo Avenue Harare Zimbabwe ; Telephone:+263 8677009935 ; Telephone: +263 242701761 ; Email: info@karomining. dymlm xrofo gxdm xswri qpovkea fchgn uxty cddz rbdvt onpxnis rbuhs uptfo uppypxd hjsx skhx