Tharisa sees first-half profits surge as PGM prices rocket
Pre-tax profit in the six months to the end of March rose by 72% to S$17.5mln, up from US$10.2mln the year before.
Company
Tharisa PLC
LON:THS
Tharisa PLC is an integrated resource group critical to the energy transition and decarbonisation of economies. The company incorporates exploration, mining, processing and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers.
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Tharisa describes strong prior quarter, says 'reduced' mining continues amid South Africa lockdown
“Tharisa is a significant producer of chemical and foundry grade chrome concentrates which are used in a number of essential industries"
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 will put operations on care and maintenance on 26 March, in line with South African government directives
Tharisa has extensive platinum, palladium and chrome production in South Africa
Tharisa’s PGM basket price is running at nearly US$2,300 per ounce, and that could lead to a significant re-rating
Tharisa has a production mix of platinum group metals and chrome
Tharisa not likely to be a wallflower for much longer, as PGM basket price soars
Tharisa produces platinum group metals and chrome from its mine in South Africa
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Tharisa “one of the few ways” to gain exposure to strong PGM prices, says Berenberg
The German bank said that the stock in the miner was “too cheap” and that the current outperformance in PGM prices was “providing a major shot in the arm" for revenues
Tharisa updates on “solid” end to 2019
The Cypriot firm with mining assets in South Africa, in a statement, told investors that it mined 1,143 tonnes of ore and milled 1,247 tonnes during the quarter
Tharisa focuses on Vision 2020 ambitions after challenging year
The miner has 2020 project ongoing to increase the production of platinum to 200,000oz and chrome to 2Mt by the end of next year.
Tharisa earnings hit by pit redesign and lower metal prices
Production in the year to September amounted to 139,700 ounces of contained PGMs and 1.29 Mt of chrome concentrates
Tharisa welcomes special economic zone status for Karo in Zimbabwe
SEZ status means Karo Zimbabwe will benefit from reduced tax rates, duty-free raw materials, equipment imports and exchange control rulings
Tharisa forecasts sizeable production hike this year
Amounts mined rose by 8% to 1.25Mt in the final quarter to September
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Tharisa pushes ahead with new Vulcan processor at chrome mine in South Africa
Chrome recoveries should improve to 82% through the new process
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Tharisa expects production to improve further after pit redesign
Platinum group metal output rose a touch to 34,100 oz, while chrome concentrate production improved 8.2% to 334,000 tonnes.
Tharisa confident of delivery on 'Vision 2020' project as Vulcan plant gets go ahead
Aims for minimum of 155,000 oz of PGMs and 1.45mt chrome concentrate this year