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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: 60 GBX

Market: LSE
Market Cap: £159.97 m

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