Tharisa buys mining equipment to further owner-mining strategy

Dual-listed Tharisa Minerals, led by CEO Phoevos Pouroulis, has entered into a binding term sheet with MCC Contracts to buy certain of MCC’s equipment, strategic components, site infrastructure and spare parts at the Tharisa platinum group metals and chrome mine in the Bushveld Complex. This forms part of the miner’s intention to transition from a contract-mining to an owner-mining model and would also allow for the transfer of around 900 employees currently deployed at the mine.