{"id":38424,"date":"2022-10-12T18:55:43","date_gmt":"2022-10-12T18:55:43","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine"},"modified":"2022-10-12T19:17:34","modified_gmt":"2022-10-12T19:17:34","slug":"sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine","title":{"rendered":"SA group to spend R7 billion on building Zimbabwe platinum mine"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South Africa’s Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday.<\/p>\n

Tharisa, a co-producer of chrome concentrates and PGMs in South Africa, owns 70% of Karo Mining Holdings, developer of the Karo PGM project on Zimbabwe’s Great Dyke, about 100 kilometres south-west of the capital Harare. Its site is close to Impala Platinum’s Zimplats operations.<\/p>\n

Pouroulis said the ground-breaking for the first phase of the Karo mine would take place in December 2022, with mine construction expected to be completed by July 2024.<\/p>\n

The Karo project is an open pit mine which would deliver the first mineral ore to the mill in the next two years, Pouroulis said during a briefing on the project.<\/p>\n

“We are fully licenced and permitted and we believe this is a low-risk approach to any mining opportunity…being large-scale, open pit, low cost and adopting a multi-phase development approach,” he added.<\/p>\n

He said that the Karo mine production plan had been upgraded to 194,000 ounces of PGMs per year, from 150,000 ounces initially.<\/p>\n

Karo Mining Holdings managing director Bernard Pryor said the company was in talks with renewable energy firm Total Eren for the development of a 300-megawatt solar plant to supply the mine with power. Zimbabwe has an electricity generation deficit that often impacts mining operations.<\/p>\n

Some 1 000 jobs would be created at Karo during mine development, with a further 1 000 created when the mine is operational, Pryor said.<\/p>\n

Pryor said $260 million for the mine development would be raised through bank loans, while $50 million will be raised on Zimbabwe’s United States dollar-denominated Victoria Falls Stock Exchange through a bond issuance. Tharisa would raise the balance through leveraging its existing assets, he said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South Africa’s Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday. Tharisa, a co-producer of chrome concentrates and PGMs in South Africa, owns 70% of Karo Mining Holdings, developer of the […]<\/p>\n","protected":false},"author":84,"featured_media":38423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,764,275,872],"class_list":["post-38424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-mining","tag-south-africa-2","tag-zimbabwe"],"yoast_head":"\nSA group to spend R7 billion on building Zimbabwe platinum mine - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA group to spend R7 billion on building Zimbabwe platinum mine\" \/>\n<meta property=\"og:description\" content=\"South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-12T18:55:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-12T19:17:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SA group to spend R7 billion on building Zimbabwe platinum mine\",\"datePublished\":\"2022-10-12T18:55:43+00:00\",\"dateModified\":\"2022-10-12T19:17:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\"},\"wordCount\":315,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"mining\",\"South-Africa\",\"zimbabwe\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\",\"name\":\"SA group to spend R7 billion on building Zimbabwe platinum mine - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg\",\"datePublished\":\"2022-10-12T18:55:43+00:00\",\"dateModified\":\"2022-10-12T19:17:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg\",\"width\":1024,\"height\":683,\"caption\":\"SA group to spend R7 billion on building Zimbabwe platinum mine\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SA group to spend R7 billion on building Zimbabwe platinum mine\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SA group to spend R7 billion on building Zimbabwe platinum mine - South Africa","description":"South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine","og_locale":"en_US","og_type":"article","og_title":"SA group to spend R7 billion on building Zimbabwe platinum mine","og_description":"South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-10-12T18:55:43+00:00","article_modified_time":"2022-10-12T19:17:34+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"SA group to spend R7 billion on building Zimbabwe platinum mine","datePublished":"2022-10-12T18:55:43+00:00","dateModified":"2022-10-12T19:17:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine"},"wordCount":315,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg","keywords":["Africa Press","Africa Press-South-Africa","mining","South-Africa","zimbabwe"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine","name":"SA group to spend R7 billion on building Zimbabwe platinum mine - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg","datePublished":"2022-10-12T18:55:43+00:00","dateModified":"2022-10-12T19:17:34+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/10\/postQueueImg_25-634712b81ded5.jpg","width":1024,"height":683,"caption":"SA group to spend R7 billion on building Zimbabwe platinum mine"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-group-to-spend-r7-billion-on-building-zimbabwe-platinum-mine#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"SA group to spend R7 billion on building Zimbabwe platinum mine"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/38424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=38424"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/38424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/38423"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=38424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=38424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=38424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}