Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Tharisa outlines its Vision 2020 goals

The Vision 2020 projects include: the upgrade of the Genesis plant; PGM optimisation at the Voyager plant; and commissioning of the Vulcan and Apollo plants
Tharisa mine
The optimisation projects and new processing plants, together with improved mining grades, are expected to add 61.8k oz pa of PGMs and 602k tonnes pa of chrome concentrates to the Tharisa mine's annual production by 2020,

Dual-listed Tharisa PLC (LON:THS) reiterated its 2018 production guidance at a presentation made yesterday and today to media and analysts.

The company said in a stock market statement that its near-term focus will be on continued operational improvements and the commencement of its Vision 2020 projects.

The Vision 2020 projects, two of which – the Apollo chrome and platinum group metals (PGM) and Vulcan fine chrome recovery plants – are subject to feasibility studies, should ensure Tharisa delivers 5.9mln tonnes per annum of run-of-mine ore, 200,000 ounces per annum of PGM and 2.0mln tonnes per annum of chrome concentrates by 2020.

PDF file versions of management's Powerpoint presentations are available on the Tharisa web site.

Shares in Tharisa were up 3.4% at 142.1p in afternoon trading.

View full THS profile View Profile

Tharisa plc Timeline

Related Articles

Hong Kong harbour
September 17 2018
The transition of the business through the diversification of legacy assets and investing in new opportunities in Asia is well underway, said chairman John Croft
picture of oilfield
March 14 2018
Svetlana Mendesh, Chief Financial Officer, said 2016 results were in line with its projections and local market trends.
Picture of Malaysian city
May 09 2018
The group’s ability to provide benefits to the retail sector was demonstrated in 2017.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use