Tharisa to undertake $5m share buyback programme

JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa has appointed UK investment bank Peel Hunt to manage a $5-million share buyback programme on its behalf. The Tharisa board believes the company’s shares are trading at a significant discount, having been negatively impacted by the PGMs commodity price environment, while not reflecting the strong co-product contribution from its chrome sales.