Tharisa PLC - South African government imposed lockdown COVID-19
(Incorporated in the
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
('Tharisa' or the 'Company')
Statement by Tharisa on South African government imposed lockdown due to COVID-19
Tharisa notes the statement by the President of
Tharisa fully supports the government's initiatives in dealing with the COVID-19 pandemic and will implement all measures as instructed by the government. As members of the
Tharisa will proceed with a systematic process of placing its assets on care and maintenance while ensuring both the health and wellbeing of its employees, and that its assets are protected.
Mining will be suspended post the night shift on Wednesday,
The Company has put in detailed care and maintenance procedures for this period that will ensure start-up will be efficient post the lockdown.
Existing chrome ore shipments will continue as long as permissible. PGM concentrates produced will be delivered prior to shut down.
Ongoing projects will be suspended.
Security will remain on site 24 hours a day as permitted under the lockdown conditions.
Tharisa is planning to commence production with effect of the morning shift on Friday,
Given the above, Tharisa's guidance for the year is suspended until the Company is in a better position to quantify the full impact of the lockdown and will keep the market informed of any developments during this period.
Investec Bank Limited
Investor relations contacts:
+27 11 996 3500
+27 83 604 0820
Financial PR contacts:
+44 020 7466 5000
+44 207 7418 8900
+44 020 7236 1010
+44 20 3207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
+27 11 295 6575
This information is provided by RNS, the news service of the
Quick facts: Tharisa PLC
Market Cap: £175.96 m
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