Karo mine news today The basis of the scheduling model is the selection of a mining cut. 8 million. Jan 9, 2025 · Victoria Falls Stock Exchange (VFEX)-listed platinum group metals (PGM) miner, Karo Mining Holdings (KMH), is navigating challenging market conditions while advancing its flagship Karo Platinum Project, Mining Zimbabwe reports. Nov 28, 2024 · THARISA posted flat full year earnings thanks to a strong chrome price, and record production in the metal, helping to offset a 28% decline in average platinum group metal (PGM) price. 66% stake in Karo Mining but is set to increase its shareholding to 80% with further equity investments. The postponement is attributed to a global decline in Platinum Group Metal prices, compelling the company to reassess its construction timeline and funding strategies. Jan 8, 2025 · KARO Mining Holdings is in the advanced stages of securing US$226 million in debt funding to finalise the construction of its ambitious mining project in Zimbabwe. Jan 9, 2025 · Tharisa currently holds a 76. Construction of the mine, on the Great Dyke in Selous, started in December 2022 and commissioning was originally expected in July 2024. Additionally, the company expects to raise a further US$31,2 million from an equity partner, signalling significant progress in its funding strategy. "The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident," president and CEO Shane Williams said on behalf of the company. karomining. , world, weather, entertainment, politics and health at CNN. The mining cut selection ensure that the targeted reef within the defined ore body was selected to achieve the same grade produced in the whittle optimisation process. May 23, 2025 · Sitting on the Great Dyke, Karo will include a 10-year open-pit phase and a 30-year underground mine, producing 226,000 ounces annually—behind Zimplats (646,000 oz) and Unki (244,000 oz). The mine only recently resumed production after being idle since 2022. S. The company reported positive developments in its negotiations, with term sheets Jan 10, 2024 · Today Sun, 20 Apr 2025; Karo’s multimillion-dollar platinum mine is one of several multi-million dollar projects that took off and have seen rapid development progress since President View the latest news and breaking news today for U. At Karo Mining Holdings, we are proud to be leaders in the mining sector, constantly pushing boundaries and unlocking the Earth's hidden treasures. Karo Platinum Zimbabwe 2nd Floor Old Mutual Centre Corner 3rd Street and Jason Moyo Avenue Harare Zimbabwe ; Telephone:+263 8677009935 Telephone: +263 242701761 There will be an owner's team geology and MRM department for the oversight and control of the mining operations. 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. The company has also utilised a US$65 million equity line and has availed an additional US$70 million equity line to fund project working capital needs. Contact info. Mar 31, 2022 · 5 April 2023 Karo Mining Holdings appoints Gloria Zvaravanhu as an independent non-executive director and chairman of the audit committee Karo Mining Holdings appoints Gloria Zvaravanhu 12 December 2022 Karo Platinum Project – Bond issue result of private placement and commencement of listing on the Victoria Falls Stock Exchange Karo Platinum Discover exciting career opportunities with Karo Mining. Construction of the plant began on December 7, 2022, with progress continuing steadily. 5 days ago · Karo Mining has announced a delay in the commissioning of its US$391 million platinum mine, now expected to begin production in the second half of 2026. 19 hours ago · Operations at the mine have been voluntarily suspended. The Karo project is a joint venture between Karo Mining Holdings (85%) and Generation Minerals (15%), a Republic of Zimbabwe Special Purpose Vehicle (SPV). . 3 days ago · In a separate development, Karo Mining Holdings has issued 1782 ordinary shares to Tharisa Plc for a total consideration of US$12. com. www. We believe that our success lies in the dedication and expertise of our exceptional team. com Karo Platinum Project returns will be further enhanced should current studies to utilise the base metal reef, rich in copper, nickel and cobalt, yield positive results. The development includes value engineering, mining, and process optimization running concurrently. By Rudairo Mapuranga In its recently released audited financial statements for the year ending September 30, 2024, the company highlighted significant progress despite Jan 7, 2025 · Karo Mining now expects to start production at its new US$391 million platinum mine in the second half of 2026, further pushing back construction deadlines due to weak metal prices. The company operates the Tharisa mine near Rustenburg in South Africa’s North West province, an open pit asset with massive underground potential. Tharisa is […] 5 days ago · He said that the Karo mine production plan had been upgraded to 194,000 ounces of PGMs per year, from 150,000 ounces initially. mrwyx mfp shthx pkafx bwe doim smgsb bjph pxfk dktrb