Tharisa concludes project completion tests, reduces debt levels

Dual-listed platinum-group metals (PGMs) miner Tharisa Minerals has successfully concluded project completion tests in respect of a R1-billion senior debt finance facility, which will significantly reduce the group’s cost of debt. In a note to shareholders on Tuesday, Tharisa explained that the milestone proved that it could mine economically at the required run rate of at least 400 000 t/y, and that Tharisa’s plants had the technical capability to process this material at the nameplate capacity. It also proved that the plants could produce specified PGM and chrome concentrates.