Tharisa, based in South Africa, has announced plans to invest $ 547 million (R9.46 billion) in an underground underground mining project by Platinum Group (PGM) in the next ten years.
The company plans to change its decrease in open PGM and the PGM and Chrome Tharisa mine, located in the Bushveld complex, underground mining in the next decade.
The CEO of Tharisa, Phoevos Polouloulis, said: “The underground project is the natural progression for our operations and has been established to increase the development of useful life to access the basis of multigenerational mineral resources, improve operational efficiencies, while maintaining our health standards, environmental safety safety of the world class and improves even more our long -term value creation history.”
Poloulis added that PGM remains “metal and critical minerals that the world has noticed are a necessity to make the transition to a future world.”
Although there are concerns that PGMs, mainly used in autocatalyst to reduce vehicle emissions, could be at risk due to the adoption of electric vehicles, these metals are still considered valuable for fuel battery technologies and clean, informed, informed hydrogen applications Reuters.
The new mechanized underground operations aim to improve efficiencies, reduce costs and increase production. Mineral delivery is expected from the first of two axes to begin in the second quarter of 2026.
In a constant condition, underground operations are expected to produce a minimum of 200,000 OZ of PGMs and more than two million tons (MT) of chrome concentrate each year.
For financial year 2025, Tharisa projects a production of 140,000-160,000,000 PGMs and between 1.65 million and 1.8mt of chrome concentrates.
In addition to this project, Tharisa is developing the Karo Platinum Karo Platinum mine of 226,000 Oz per year in Zimbabwe.
This is considered one of the only two Greenfield mines development projects within the platinum industry, the other being the Ivanhoe Platreef mine in South Africa.
“Tharisa to invest $ 547 million in the Platinum underground project in South Africa” ​​was originally created and published by Mining Technology, a brand owned by Globaldata.
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(Tagstotranslate) Platinum Group Metals (T) Underground Operations (T) Underground Mining (T) CEO of Tharisa Phoevos Plepoulis (T) South Africa South Africa