Tharisa PLC (LON:THS), the platinum group metals (PGM) and chrome producer, said the handover from contractors to its own mine employees at its operation in South Africa’s Bushveld Complex has been concluded successfully.
And, judging from the latest production update, in which the company also restated its full-year guidance, the process appears to have gone without a hitch.
Tharisa milled a record 1.31mln tonnes of ore in the quarter ended December 31. At 365,800 tonnes (and up 1.5% quarter-on-quarter), chrome concentrate production was at an all-time high as was speciality chrome concentrate at 88,100 tonnes. PGM production was a “solid” 38,800 ounces, the firm said.
Chrome recovery, meanwhile, exceeded its 65% target by half a percentage point.
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For the full-year, Tharisa expects to produce 150,000 ounces of PGMs and 1.4mln tonnes of chrome concentrates; 350,000 tonnes of the latter will be speciality grade.