Tharisa switching to in-house mining

Platinum- and chrome-mining company Tharisa is transitioning from contract mining to owner mining at its Tharisa operation, taking over the employees and equipment of contractor MCC. The Johannesburg Stock Exchange-listed Tharisa, headed by CEO Phoevos Pouroulis, said on Tuesday that it had been evaluating the benefits of switching from contract mining to owner mining and, with MCC parent company Extract changing its strategy, the decision had been taken to buy a portion of the fleet as a going concern.