leadf
logo-loader
viewTharisa PLC

Tharisa goes on care-and-maintenance as South Africa enters 21-day lockdown

Tharisa previously said it would aim to restart production on the morning of 17 April

Tharisa PLC - Tharisa goes on care-and-maintenance as South Africa goes enters 21-day lockdown

Tharisa PLC (LON:THS) told investors it remains fully supportive of South Africa’s initiatives to combat the coronavirus (COVID-19) pandemic.

As South Africa last night entered a 21-day lockdown, the AIM-quoted firm confirmed that its platinum group metals (PGM) smelter is on care-and-maintenance.

READ: Tharisa to enter ‘care-and-maintenance’

Tharisa’s PGM offtake buyers have issued force majeure notifications, and, similarly, Tharisa has also declared force majeure on its contracted chrome concentrate sales agreements.

South Africa’s national lockdown is presently set to last until April 16.

Quick facts: Tharisa PLC

Price: 88 GBX

LSE:THS
Market: LSE
Market Cap: £236.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Tharisa PLC named herein, including the promotion by the Company of Tharisa PLC in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Tharisa presents at the Proactive One2One virtual conference

Tharisa's (LON:THS) CEO Phoevos Pouroulis pitches to investors at the Proactive One2One virtual conference. Tharisa is an integrated resource group incorporating exploration, mining, processing, and the beneficiation, marketing, sales and logistics of PGMs and chrome concentrates. The...

on 23/10/20

2 min read