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Tharisa to invest $547m in underground platinum project in South Africa
Yahoo Finance· 2025-10-06 09:03
South Africa-based Tharisa has announced plans to invest $547m (R9.46bn) in an underground platinum group metals (PGM) mining project over the next ten years. The company plans to shift its declining open-pit PGM and chrome co-producing Tharisa mine, located on the Bushveld complex, to underground mining within the next decade. Tharisa CEO Phoevos Pouroulis said: “The underground project is the natural progression for our operations and has been established to increase the life-of-mine development to a ...