Its processing facilities comprise the Genesis plant . The mine is involved in the mining of platinum group metals and chrome. Tharisa is a low cost producer of PGM and chrome concentrates. The company said it recorded strong financial results, with . The deal sees Tharisa acquire the 26% BEE interest in subsidiary Tharisa Minerals, which owns the flagship Tharisa mine near Brits, through the issue of about 13.9-million shares, about 5% of the . Resource Center. a mining company, engages in exploring, evaluating, and developing mineral properties. Phoevos Pouroulis Chief Executive Officer The company owns a 100% interest in the Parys..See Detailed Company Profile. The company's history stems back to the granting of prospecting rights in 2006. Integrated resources group Tharisa's revenue increased by 18.4% year-on-year to $406-million for the full year ended September 30. Tharisa also owns Karo Mining Holdings and Salene Chrome, development stage, low-cost, open-pit PGM and chrome assets respectively, located on the Great Dyke in Zimbabwe. Tharisa Minerals' core asset is the Tharisa Mine, which is situated on South Africa's Western Limb of the Bushveld Complex - home to more than 70% of the world's platinum and chrome resources. We increased our dividend by almost 160%, our earnings per share increased by 131% and our EBITDA almost doubled. Tharisa PLC is a low cost PGMs and chrome concentrate producer headquartered in Europe, which owns and operates the Tharisa Mine in the Bushveld Complex of South Africa. (Sales figure is modelled). The mechanised mine has a 14-year open pit life of mine (LOM) and the ability to extend operations underground by at least an additional 40 years. . Tharisa's research and development team (R&D), Arxo Metals, has been a beneficiation pioneer for the products we mine and continues to do so as we guide the group towards its goal of creating a circular economy while producing critical metals for the decarbonisation of global economies. May 24, 2018. The mechanised mine has a 20-year open-pit life and the ability to extend operations underground by at least an additional 40 years. Tharisa also owns Salene Chrome, a development stage, low-cost, open-pit asset, located adjacent . The company currently contracts its mining operations to MCC Contracts (MCC). HIV, Aids & TB in SA Mines. A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews. He previously worked for Goldfields, DRD, and was head of human resources at Barplats. Tharisa PLC, whose shares are listed on and trade on the London Stock Exchange, has the following business profile: . Advertisement. Tharisa's mailing address is 2021 Spring Rd Ste 600, Oak Brook, Illinois 60523-1860. This page (LON:THS) was last updated on 8/5/2022 by MarketBeat.com Staff. The Company owns 74% of the issued ordinary shares of Tharisa Minerals, with the BEE . The company currently owns 74% of the issued ordinary shares of Tharisa Minerals, with the BEE shareholders Thari Resources Proprietary Limited owning 20% and the Tharisa Community Trust owning 6%. Thabang Maluke has been an Executive Director at Tharisa Minerals since April 2009 and is responsible for human resources and stakeholders engagement in South Africa. Advertisement of the latest Tharisa Minerals Jobs has invited all the potential candidates to work at Tharisa Minerals. Christo Philpott - Chief Safety Officer - RMDC | LinkedIn za.linkedin.com . The Group owns the Tharisa Mine through Tharisa Minerals, a subsidiary of the Company. The mechanised mine has a 20-year open-pit life and the ability to extend operations underground by at least an additional 40 years. Labour, Safety & Surveying Matters. The past financial year was a watershed year for Tharisa, in many respects. The mechanised mine has a 20-year open-pit life and the ability to extend operations underground by at least an additional 40 years. The mining firm currently owns 74 percent of Tharisa Minerals' shares, with the BEE shareholders Thari Resources Proprietary owning 20 percent and The Tharisa Community Trust 6 percent. By the 1990s, he had established Petra Diamonds and, since 2000, has established Eland Platinum, Tharisa Minerals, Kameni, Keaton Energy and TransAfrika Resources. This equates to a long life 18 year open pit operation, which is impressive considering the average depth of PGM . Tharisa PLC is an investment holding company for an integrated group involved in the mining and natural resources, marketing, sales and logistics industries. The listing was to . Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies. Tharisa also owns Salene Chrome, a development stage, low-cost, open-pit asset, located adjacent to the Great Dyke in Zimbabwe. Hygiene in the SA Mining Industry. Derek Baker Its ownership structure comprised of BBBEE shareholders Thari Resources, which held a 20% interest, and the . It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. Tharisa Minerals (South Africa) 100% Tharisa Minerals produces PGM concentrate and metallurgical and specialty grade chrome concentrates from a shallow open pit mine near Rustenburg, North West province. Tharisa Minerals' core asset is the Tharisa Mine, which is situated on South Africa's Western Limb of the Bushveld Complex - home to more than 70% of the world's platinum and chrome resources. Having searched globally for opportunities, the Great Dyke presented the right opportunity for the company at the right time, according to Tharisa Minerals' head of investor relations and communications . Commodity Exposure: Chromium Gold Iridium Palladium Platinum Rhodium Ruthenium. Phoevos Pouroulis, CEO of Tharisa, said all mine infrastructure capital expenditure had been completed. Thari Resources owns 20% of Tharisa Minerals while the community trust owns 6%.Thari was the founder of the business having consolidated 120 farms. JSE-listed PGM and chrome co-producer Tharisa Minerals will deliver a number of optimisation and growth projects through the implementation of its Vision 2020 strategy which will considerably increase its production. The Genesis and Voyager plants have a combined nameplate capacity of 4.8 Mt of ROM ore per annum. The company moved outside of its Tharisa Mine and South African country borders by commencing production at Salene Chrome Zimbabwe, while completing an implementation study on its world class Karo Platinum project, in which Tharisa owns 26.8%. Mr van Wyk has over 17 years' experience in the . Tharisa Mine Tharisa Minerals is 74% owned by Tharisa and is uniquely positioned as the world's only co-producer of both PGM and chrome concentrates. He has over 24 years of experience in the mining industry. Annual Medical Reporting. In 1971, Loucas began to pursue his own mining interests, initially focusing on gold mining opportunities considered uneconomical by the majors. The group owns and operates the Tharisa mine which is located near Marikana on the south-western limb of South Africa's Bushveld Complex. Tharisa's entry into Zimbabwe stems from a long-standing company vision to acquire additional PGM assets as a means to diversify its risk. THARISA MINERALS (PTY) LTD has 549 total employees across all of its locations and generates $71.24 million in sales (USD). The company has its headquarters in Cyprus and owns 74 percent of the Tharisa open-pit mine near Rustenburg. Mr van Wyk will continue to have responsibility for the overall management of all processing, smelting and beneficiation operations at the Tharisa Mine. Tharisa plc owns 74% of Tharisa Minerals, a co-producer of PGM and chrome concentrates, and Tharisa Minerals' core asset is the Tharisa mine, which is situated on the western limb of the . | July 14, 2022 . 1st jan. Capi. Tharisa also owns the Salene Chrome project, a development stage, low cost, open pit asset, located in the Great Dyke in Zimbabwe. Overview. London- and Johannesburg-listed chrome and platinum group metals miner Tharisa has informed shareholders that it has entered into negotiations to potentially buy out minority shareholders of. On 15 February 2022 Tharisa concluded a landmark BEE transaction, that saw Tharisa acquire 26% of Tharisa Minerals and our BEE partners becoming shareholders at the listed company level. Tharisa's core strategy is to generate value by becoming a globally significant low-cost producer of strategic commodities that are required to deliver a sustainable future. Medical Appeals. . Market Cap: 332,168,928. Tharisa Mine | Tharisa www.tharisa.com Tharisa Minerals' core asset is the Tharisa Mine, which is situated on . This includes achieving 5.9 Mtpa of ROM production as well as adding an additional 61 800 ozpa of PGMs and 602 000 . The mechanised mine has a 20-year open-pit life and the ability to extend operations underground by at least an additional 40 years. Total Eren, a France-based renewable energy generation company that is partially owned by TotalEnergies (30%), and Chariot signed a memorandum of understanding (MoU) with Tharisa to build a solar photovoltaic (PV) project to supply electricity to the Tharisa mine in February 2022. Tharisa, which owns and operates a large scale open pit platinum and chrome mine situated in the North West province of South Africa, said pretax profit fell to $11.2 million for the year ended . Berenberg, which stood by its 'buy' rating on the stock, noted that Tharisa currently owns 74% of Tharisa Minerals, which in turn owns the Tharisa platinum group metals and chrome mine in South. Tharisa Mineral's principal asset is the long-life open pit Tharisa Mine, which produces both platinum group metals (PGM) and chrome in a mechanised, low cost and energy efficient environment, with product beneficiation taking place on site. MINERAL RESOURCE *Mineral Resource and Mineral Reserve Statement in 2020 annual report pages 50-55 . Chrome concentrate production also increased 321,400t (310,100t). a chance for growth is there,depending on who is willing to open the channels for us. The transaction will see Thari Resources and the Tharisa Community Trust become shareholders in Tharisa Plc, which is also listed in Johannesburg. Enriching lives through innovating the resources company of the future Tharisa plc JSE share code: THA . It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. Tharisa's research and development team (R&D), Arxo Metals, has been a beneficiation pioneer for the products we mine and continues to do so as we guide the group towards its goal of creating a circular economy while . Tharisa also owns Salene Chrome, a development stage, low-cost, open-pit asset, located adjacent to the Great Dyke in Zimbabwe. Mineral Regulation. Introduction "Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies. The official website for Tharisa is www.tharisa.com. The Company is committed to reducing its carbon emissions by 30% by 2030 and the development of a roadmap is continuing to be net carbon neutral by 2050. The Tharisa Mine is situated near the town of Marikana in the . Open-pit operations at the Tharisa mine (photo: Tharisa). THARISA PLC : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Johannesburg Stock Exchange: THA | Johannesburg Stock Exchange . Tharisa also owns Karo Mining Holdings and Salene Chrome, development stage, low-cost, open-pit PGM and chrome assets respectively . Tharisa Minerals is 74% owned by Tharisa and is uniquely positioned as the world's only co-producer of both PGM and chrome concentrates, the company says. Tharisa also owns Salene Chrome, a development stage, low-cost, open-pit asset, located adjacent to the Great Dyke in Zimbabwe. Global Mining Review , Tuesday, 01 March 2022 11:45. | August 1, 2022 The mechanised mine has a 20-year open-pit life and the ability to extend operations underground by at least an additional 40 years. Tharisa to move to owner mining 04 April 2017 Tharisa, a profitable low cost producer of PGMs and chrome, owns a large scale open-pit operation - the Tharisa mine - with an open pit life of 18 years and a further 40 years of underground mine extension. The group owns and operates the Tharisa Mine which is located in Bushveld Complex of South Africa. Thari was the founder of the business having consolidated 120 farms. Turn on Push notifications for upcoming Tharisa Minerals Vacancies Updates. Company Description: THARISA MINERALS (PTY) LTD is located in GAUTENG, Gauteng, South Africa and is part of the Nonmetallic Mineral Mining and Quarrying Industry. Mine Accidents and Disasters. . Anglo American (AAL): Anglo American plc, together with its . Sector Non-Gold Precious Metals & Minerals. The balance of the shares belong to an empowerment company (20%) and a community trust (6%). This resource declaration has been verified to a depth of 750 m, which incorporates one of the world's single largest chrome resources. 2 Tharisa also owns Karo Mining Holdings and Salene Chrome, development stage, low-cost, open-pit PGM and chrome assets respectively, located on the Great Dyke in Zimbabwe. Fully-integrated Sedibelo Resources Limited (SPM) is involved in the exploration, development, operation and processing of Platinum Group Metals (PGM) mineral deposits in the Bushveld Complex (BC) in South Africa, one of the richest ore deposits in the world. Tharisa mine has a huge 877.7 Mt resource (98.9 Mt in reserve of which 80.2 Mt is open pit). He was promoted to Operations Director in 2016. Update to acquisition of BEE shareholders' interests in Tharisa Minerals Proprietary Limited Tharisa plc JSE share code: THA LSE share code: THS A2X share code: THA ISIN: CY0103562118 LEI:. The acquisition of Karo Holdings by Tharisa, which owns and operates Tharisa Minerals, a PGM and chrome co-producer, located on the Bushveld Complex in South Africa, is its second project in Zimbabwe after it acquired a 90 percent stake in Salene Chrome in May this year, the holder of special grants over an area of approximately 9 500 hectares of highly prospective alluvial chrome properties . Tharisa Minerals is 74% owned by Tharisa and is uniquely positioned as the world's only co-producer of both PGM and chrome concentrates. metallurgy and minerals processing. Thari Resources owns 20% of Tharisa Minerals while the community trust owns 6%. Tharisa, a platinum group metals (PGMs) and chrome co-producer listed on the Johannesburg and London Stock Exchanges, has announced that three Liebherr mining machines with more efficient engines and fuel systems have been delivered to the Tharisa Mine and have begun . Mr van Wyk commenced at Tharisa Minerals as a consulting metallurgist in September 2011. Best-in-Class Portfolio Monitoring. Tharisa Minerals' principal asset is the long-life open pit Tharisa Mine, which produces both platinum group metals ('PGM') and chrome in a mechanised, low cost and energy efficient environment, with product beneficiation taking place on site. The majority of the prospecting rights relating to the Tharisa Mine were originally granted to Thari Resources in February 2006 and March 2007 and subsequently transferred to Tharisa Minerals (at that time a wholly-owned subsidiary of Thari Resources). Story continues below Advertisement By Richard Jansen van Vuuren Apr 4, 2017 Tharisa, a low-cost producer of PGMs and chrome, owns a large scale open pit operation with an open pit life of 18 years and a further 40 years of underground mine extension. In 1940, The Associated Manganese Mines of South Africa acquired a . The mine has an estimated open-pit life-of-mine of approximately 20 years, and a further estimated underground life of mine of approximately 40 years. Assore owns 56% of RMDC through African. Tharisa is an integrated resource group, that owns and operates the Tharisa Mine located on the south-western limb of South Africa's bushveld complex. Current Tharisa Minerals Vacancies South Africa 2022. The Company currently owns 74% of the issued ordinary shares of Tharisa Minerals, with the BEE shareholders Thari Resources owning 20% and The Tharisa Community Trust owning 6%. The company can be reached via phone at 357 2 6257052. The wait is now over for the release of the upcoming Tharisa Minerals Vacancies 2022. Our philosophy is to enrich lives responsibly. Tharisa Minerals' flagship asset is the openpit Tharisa mine and beneficiation plant. The company reported a 22% year-on-year increase in PGMs production, from 75 100 oz to 91 800 oz, while chrome production increased by 6.3%, from 730 700 t to 776 700 t at an average metallurgical . Having already produced some 1.5m 4PGE (Platinum Group Elements) ounces since March 2009 with more to come, SPM has successfully . Ticker: LSE:THS. Record run of mine output in May and June following reduced production during South Africa's COVID-19 restrictions have enabled Tharisa to increase June qtr (Q3FY20) production at its namesake mine in the Bushveld Complex to 35,000oz 6E PGM, from 32,100oz in the previous period. The company currently owns 74% of the issued ordinary shares of Tharisa Minerals, with the BEE . Tharisa Minerals dismissed the allegations yesterday. Tharisa, which owns and operates a large scale open pit platinum and chrome mine in the North West province of South Africa, said pretax profit fell to $11.2 million for the year ended Sept. 30 . Tharisa Minerals' core asset is the Tharisa Mine, which is situated on South Africa's Western Limb of the Bushveld Complex - home to more than 70% of the world's platinum and chrome . Tharisa currently owns 74% of Tharisa Minerals which operates an opencast mine on the south-west limb of the Bushveld. Tharisa owns 26.8% of Karo Platinum 2 phases of exploration have been completed and studies underway, due for completion end August 2021 Financing discussions have commenced . These mineral holdings were moved into Tharisa . Tharisa also owns Salene Chrome, a development stage, low-cost, open-pit asset, located adjacent to the Great Dyke in Zimbabwe. (M$) THARISA PLC-16.67%: 414: ANGLO AMERICAN PLATINUM LIMITED-29.55%: 21 098: CHINA . Its principal asset is the Tharisa Mine located in the south-western limb of the Bushveld Complex, South Africa.