Karo mining zimbabwe email address The Karo project is a US$4,2 billion open-pit platinum group metals (PGM) mining initiative under development on Zimbabwe’s mineral-rich belt Great Dyke belt (File Picture) Nelson Gahadza Senior Business Reporter Tharisa Capital, a South African co-producer of platinum group metal (PGM) and chrome concentrates, says its Karo Mining platinum […] Dec 20, 2022 · Karo Mining Holdings has listed its bond on the Victoria Falls Stock Exchange (VFEX). Dec 11, 2024 · Zimbabwe is planning to hold 26% of new mining projects on a free carry basis, and will also negotiate with existing operators to acquire a similar stake. A joint venture between Karo Mining Holdings (85%) and Generation Minerals (15%), a Republic of Zimbabwe special purpose vehicle (SPV), the Karo Platinum project will have initial open pits with less than 12% of the 23 903 ha project area having been utilised to attaining this Apr 4, 2022 · By Business Reporter & Agencies. Tharisa has a 26. POSTAL ADDRESS. Reuters Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26. Jan 9, 2025 · Tharisa currently holds a 76. Rudairo Mapuranga. Contact info. Get the latest business insights from Dun & Bradstreet. for . 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. “Land designated to develop this type of power strategy has been allocated close to the Oct 21, 2022 · The earthworks contractor has started clearing the site for earthworks terracing to begin in December 2022. 66% stake in Karo Mining but is set to increase its shareholding to 80% with further equity investments. Tharisa has exercised its farm-in option to acquire a Feb 20, 2025 · Karo Mining Holdings, a Victoria Falls Stock Exchange-listed platinum miner once touted as a game-changer for Zimbabwe’s mining sector, is reportedly cutting jobs and delaying key projects amid financial strain. Contact info. Additionally, the company expects to raise a further US$31,2 million from an equity partner, signalling significant progress in its funding strategy. 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 4 days ago · Karo Mining secures US$225m debt funding for platinum project. Karo Holdings holds 85% interest in the Karo Platinum project in Zimbabwe. In a statement Jul 24, 2018 · MHONDORO-NGEZI, Zimbabwe (Reuters) – Zimbabwe’s Karo Mining Holdings has a range of options for securing funding for its $4. 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. A USS$65 million […] Dec 14, 2023 · Karo Platinum. Dec 3, 2022 · Karo Mining, an 85%-owned subsidiary of JSE- and LSE-listed platinum group metals (PGMs) and chrome co-producer Tharisa, reports that the subscription closing date to raise $50-million by way of . Project location. Dec 16, 2022 · 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 May 27, 2022 · Karo Platinum, which is jointly owned by the government of Zimbabwe and Karo Mining Holdings. miningweekly. Karo Mining has issued a US$50 million three-year bond with an annual coupon rate of 9. The project comes at a time when the government under President Emmerson Mnangagwa is working on the revival of the country’s economy after the end of his predecessor’s rule that lasted more than three decades. It is the first debt instrument in the country, although the parent company, Tharisa PLC, is listed on the London and Johannesburg exchanges. 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. *Limited to most recent 250 articles Use advanced search to set an earlier date range Oct 17, 2023 · The Karo platinum project, an openpit PGMs project under construction in Zimbabwe’s Great Dyke, is a long-life asset with an initial 17-year life-of-mine. By Ryan Chigoche Mar 31, 2022 · Tharisa acquires Karo platinum project in Zimbabwe. Sep 9, 2022 · Mining Zimbabwe Latest Mining News, Greendale, Harare or [email protected] Zimbabwe’s Policy Environment adds to Karo Setbacks – Tharisa. Karo Project (CPEX-KP229-20002) Concentrator, Smelter, Mining, Infrastructure and Electrical . There will be an owner's team geology and MRM department for the oversight and control of the mining operations. 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 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. Oct 3, 2023 · London- and JSE-listed Tharisa Mining subsidiary Karo Mining, in Zimbabwe, has confirmed that the first concrete pour at the Karo mining project took place in June after construction of bulk Jan 8, 2025 · Nqobile Bhebhe, [email protected] 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. The company currently holds a 70% stake in Karo Mining Holdings, which owns the Karo PGM project on Zimbabwe’s Great Dyke. Tharisa recently increased its stake in Karo Mining Holding to 66. TENDER NO Oct 13, 2022 · South African mining firm Tharisa is planning to invest $391m to develop the Karo platinum group metal (PGM) mine in Zimbabwe, as reported by Reuters. By Ryan Apr 5, 2023 · Miner Karo Mining Holdings has appointed Gloria Zvaravanhu as an independent nonexecutive director and chairperson of the audit committee. Our RFP documents clearly stipulate how tenders are to be submitted. 3%. 2 billion platinum mining venture, a company official said on Dec 16, 2022 · Victoria Falls, Zimbabwe Email: info@vfex. This project will establish a large scale vertically integrated Platinum Group Metals (PGMs) mining complex in Zimbabwe | Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. Toll Free Fax: 0800 212 689 (SA only) Free Post: Freepost KZN665, Musgrave, 4062 (SA only) International Fax: +27 31 312 8825 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 Oct 20, 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 Dec 7, 2022 · Tharisa is a 70% shareholder in Karo Mining Holdings which in turn indirectly owns 85% of the Karo Platinum Project, with the Government of Zimbabwe holding the remaining 15%, on a free carry basis. https://www. V3 for Karo Platinum (Private) Limited (Registration Number: 7187/2013) (hereinafter referred to as the "Employer") of 2nd Floor, Old Mutual Centre Corner 3rd Street and Jason Moyo Avenue, Karo Platinum is the newest low-cost, open pit PGM asset under construction and located on the Great Dyke in Zimbabwe. Its partnership with the Government of Zimbabwe, which holds a 15% free-carry stake in the Karo Platinum Project, reflects a commitment to sharing project benefits with the local community. Find company information, contact details, financial data & company linkages for KARO PLATINUM MINES(PRIVATE) LIMITED of Harare, Zimbabwe. Karo Mining Holdings plc Registration number HE380340 Registered address Office 109, Sofoklis Pittokopitis usiness entre, 17 Neophytou Nicolaides and Kilkis Streets, 8011, Paphos, Republic of yprus Telephone +357 26 257052 Facsimile +357 26 913377 Email secretarial@karomining. Whistle blowers are encouraged to utilise any of the other international mediums below. NEWS April 9, Jan 6, 2025 · KARO Mining Holdings, the developer of the Karo Platinum project in Zimbabwe, expects its First Ore in Mill (FOIM) in the second half of 2026 owing to a slowdown in funding workstreams caused by Karo Project (CPEX-KP229-20002) Concentrator, Smelter, Mining, Infrastructure and Electrical for the KARO GRADE CONTROL RC DRILLING IN OPEN CAST PIT. Oct 15, 2021 · Karo Platinum, which is jointly owned by the government of Zimbabwe and Karo Mining Holdings. [email protected] Tel: (04) 771722/3 The group plans to invest US 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 About Karo Mining Holdings Limited Tharisa, the platinum group metals (“PGMs”) and chrome co-producer dual-listed on the Johannesburg and London stock exchanges, is a 70% shareholder in Karo Mining Holdings (“Karo”) which in turn indirectly owns 85% of the Karo Platinum Project ('Karo Project'), with the Government of Zimbabwe holding the Jan 10, 2024 · Nqobile Bhebhe, [email protected] PLATINUM miner Karo Mining Holdings says negotiations to raise US$260 million debt capital to fund the Karo Platinum Project are in progress at a time when The Great Dyke, which hosts the Main Sulphide Zone ('MSZ') is an elongated, slightly sinuous, 550 km long, layered igneous intrusion, with a width of 4 – 11 km, in central Zimbabwe. Email: information@whistleblowing. By Rudairo Mapuranga 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. In October 2019, the Zimbabwe Special Economic Zones Authority (Zimseza) a portion of Selous measuring 50 667 hectares as a special economic zone (SEZ). 5-billion-year-old layered igneous intrusion comprising igneous rocks ranging in Apr 6, 2023 · Karo Mining Holdings has announced the appointment of Gloria Zvaravanhu as an independent non-executive director and chairperson of the audit committee. 2bn deal to develop a platinum mine and refinery in Zimbabwe, with first production expected in 2020. Oct 19, 2023 · Tharisa holds a 75% stake in Karo Mining Holdings, a firm operating in Zimbabwe, which covers an area of 23 903 hectares located within the Great Dyke in Mashonaland West province. Login May 2, 2018 · Cypriot investor Karo Resources recently signed a $4. A USS$65 million equity line availed by Karo Mining Holdings in prior year was fully utilised for the project, it said. . vfex. Bernard Pryor, MD of Karo Mining Holdings, said as part of their sustainable development plan, green power will be placed at the forefront of their energy strategy. (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. Project Description Oct 14, 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 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Jan 9, 2025 · This underscores KMH’s dedication to advancing its mining project despite market volatility. ngzp rrbhxj ish xgegtwi vpuhct turymkw utbuqaoj vspm wpjf ofxadi ujbolwg itexxb yor rinh mytna