International news within the industry of mining and metal, Jul, 23 2018
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European chrome producer buys stake in Zimbabwean platinum business

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Photo: Tharisa
Photo: Tharisa
Published by
Jaroslaw Adamowski - 20 Jun 2018

 African investment Cyprus-based chrome producer Tharisa has ac-quired a 26.8% stake in Zimbabwe’s Karo Mining, gaining access to the country’s Great Dyke which contains 96 million oz resources of platinum group metals.

 

"Recent improvements in the political landscape have precipitated a decision by Tharisa to explore geographic diversification opportuni-ties in Zimbabwe, renowned for having the world’s largest PGM de-posits outside of South Africa," Tharisa said in a statement.

 

Both the "cash purchase consideration of US$4.5 million and the US$8.0 million debt facility to undertake exploration will be funded by Tharisa from available cash resources," according to the company.

 

Tharisa says it is an integrated resource group which comprises min-ing, processing, beneficiation, marketing, sales and logistics assets. The group owns and operates the Tharisa mine, located on the south-western limb of South Africa’s Bushveld Complex

 

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...