Tharisa updates shareholders on deal to buy stake in Salene Chrome Zimbabwe
Tharisa shareholders will receive an update once the parties agree on certain aspects of the deal
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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The miner said it had acquired a 26.8% stake in Karo for a total cash consideration of US$4.5mln
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Another change recently was for Tharisa to take over the running of the mine, which involved it buying the fleet from its contractor
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Tharisa announced a maiden interim dividend of 2c even though earnings were affected by lower chrome prices and a higher rand
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Stronger rand and lower chrome to affect Tharisa's first half
The company said its basic earnings per share (EPS) and headline earnings per share (HEPS) for the half year ended 31 March 2018 are expected to be between 9 US cents per share and 11 US cents per share
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