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Tharisa enters 2018 with a bang

By: Martin Creamer     10th January 2018 The market fundamentals for chrome remain sound with continued growth forecast for the global stainless steel industry, Tharisa said on Wednesday, when it reported a strong operational performance in the three months to December 31. The Johannesburg Stock Exchange-listed chrome and platinum group... 

Tharisa posts record production, profit for full year

By: Megan van Wyngaardt     30th November 2017 JSE- and LSE-listed platinum group metals (PGMs) miner Tharisa Minerals on Thursday posted record results for the year ended September 30, with earnings before interest, taxes, depreciation and amortisation up 168.7% to $115.6-million. This was paired with a 266.7% rise in its headline earnings... 

Tharisa reviews dividend policy on improved performance

By: Natasha Odendaal     23rd November 2017 Dual-listed Tharisa is mulling an increase in dividends for the year ended September 30, as well as a change in the dividend policy guiding yearly payouts to shareholders, after reporting expectations of significantly improved earnings for the 2017 financial year. This comes a year after the... 

Tharisa expects higher earnings

By: Martin Creamer     14th November 2017 Platinum group metals (PGM) and chrome coproducer Tharisa on Tuesday informed the market of higher upcoming 2017 financial year earnings. The company, headed by CEO Phoevos Pouroulis, foresees substantially higher earnings per share and headline earnings per share in US cents of 21c to 23c,... 

Openpit mine enhancing rigid dump truck performance 

By: Nica Schreuder     27th October 2017 The Tharisa openpit platinum, gold and chrome mine, in the North West, has embarked on a value-add improvement project to extend the length of oil-drain intervals on a specific fleet of rigid dump trucks (RDTs) and, subsequently, reduce downtime and save costs. The project is being led by... 

Tharisa reports best production year

By: Martin Creamer     10th October 2017 Platinum group metals (PGM) and chrome co-producer Tharisa on Tuesday reported a record fourth quarter, which nudged the company to its best yearly production performance to date in the 12 months to September 30. The JSE-listed company, headed by CEO Phoevos Pouroulis, said in a release to... 

Tharisa, Lonmin in PGM-rich metal alloys accord

By: Martin Creamer     31st August 2017 Platinum- and chrome-mining company Tharisa is to commission a 1 MW pilot-scale furnace to produce metal alloys rich in platinum-group metals (PGMs). Tharisa, headed by CEO Phoevos Pouroulis, is taking this action through its beneficiation research and development subsidiary Arxo Metals, which... 

Tharisa signs five-year chrome supply agreement with Tisco

By: Anine Kilian     24th August 2017 Platinum group metals and chrome coproducer Tharisa Minerals has entered into a five-year strategic cooperation agreement with steel producer Taiyuan Iron & Steel (Tisco’s) joint venture (JV) company Shanxi Taigang Wanbang Furnace Charge. Under the terms of the agreement, Tharisa will supply the... 

Tharisa delivers another record production quarter

By: Martin Creamer     10th July 2017 Platinum group metals (PGM) and chrome producer Tharisa, which has again shown incremental improvements in production volumes and recoveries in the three months to June 30, is continuing to examine ways of further optimising its operations. The Johannesburg Stock Exchange-listed Tharisa, headed... 

Tharisa appoints new nonexecutive director

By: Anine Kilian     1st June 2017 LSE- and JSE-listed platinum group metals and chrome producer Tharisa has appointed Roger Davey as independent nonexecutive director, effective June 1. Davey holds an MSc in mineral production management from the Royal School of Mines, Imperial College London and an MSc in water resource... 

Solid operational performance drives Tharisa’s H1 earnings higher

By: Megan van Wyngaardt     16th May 2017 Platinum and chrome producer Tharisa’s platinum group metals (PGM) concentrate production for the six months to March 31 increased by 15.2% year-on-year to 69 100 oz, as ore mined increased by 3.8% to 2.45-million tonnes. CEO Phoevos Pouroulis noted that the solid operational performance... 

Tharisa buys mining equipment to further owner-mining strategy

By: Megan van Wyngaardt     11th May 2017 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... 

Tharisa expects interim earnings to surge on higher commodity prices

By: Natasha Odendaal     2nd May 2017 A significant recovery in commodity prices, particularly chrome, during the six months to March 31, is expected to bolster the first-half earnings of dual-listed Tharisa. Tharisa expects to report basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months under... 

Tharisa on track to meet full-year guidance, reports solid Q2 production

By: Megan van Wyngaardt     10th April 2017 Posting strong production of 34 000 oz of platinum-group metals (PGMs) and 314 000 t of chrome concentrate for the quarter ended March 31, dual-listed Tharisa on Monday said it remained on track for full-year production of 147 000 oz of PGMs and 1.3-million tonnnes of chrome concentrate. During... 

Tharisa switching to in-house mining

By: Martin Creamer     4th April 2017 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... 

Tharisa confident of meeting FY PGM, chrome output guidance

By: Megan van Wyngaardt     11th January 2017 JSE-listed platinum group metals (PGMs) and chrome producer Tharisa on Wednesday reported that its operations remain on track to meet the 2017 full-year production guidance of 147 000 oz of PGMs and 1.3-million tonnes of chrome concentrates, of which 300 000 t will be specialty grade chrome... 

Shanghai to host chromium conference next week

By: Ilan Solomons     4th November 2016 The International Chromium Development Association (ICDA) will be hosting the Chromium 2016 conference in Shanghai, China from November 8 to 10, where presenters will provide insights into the current state of the sector and its future prospects. ICDA president Jeff McLaughlan will open the event... 

Tharisa Minerals achieves record Q4 production

By: Natasha Odendaal     10th October 2016 After ending the 2016 financial year with record fourth-quarter output and meeting or exceeding all its year-end production targets, dual-listed Tharisa Minerals expects to reach its “full potential” in 2017. The platinum group metals (PGMs) and chrome producer on Monday reported increased... 

New low-cost producer thriving in turbulent mining climate

By: Tracy Hancock     7th October 2016 Integrated resources group Tharisa tells Mining Weekly it is confident about its outlook and being able to pay its maiden dividend post financial year end, with its Tharisa mine, in South Africa’s Bushveld Complex, reaching steady state production and generating cash flow. Tharisa’s dual revenue... 

Tharisa debuts on LSE

By: Samantha Herbst     8th June 2016 JSE-listed platinum-group metals (PGMs) and chrome co-producer Tharisa officially joined the London Stock Exchange (LSE) on Wednesday, when company shares began trading on the LSE’s main market at 8:00 BST. About 255-million shares were in issue on admission, giving Tharisa a market... 

Rand offsets weaker prices for platinum, chrome producer Tharisa

By: Martin Creamer     7th April 2016 Weaker dollar platinum group metals (PGMs) and chrome prices in the three months to end March were partially offset by local currency decline which lifted the rand prices, JSE-listed and Cyprus-domiciled Tharisa reported on Thursday. The average PGM basket price for the quarter of $685/oz... 

Tharisa’s second quarter mining and processing at steady state levels on an annualised basis

     7th April 2016 Highlights for the three months ended 31 March 2016 • Reef mined exceeding the annualised steady state required run rate of 4.8 Mtpa • Mill throughput performing at nameplate design capacity • Contained PGM production on a 6E basis met steady state production level Tharisa, South Africa’s only... 

Tharisa records maiden FY profit, targets further cost efficiencies  

By: Ilan Solomons     9th December 2015 JSE-listed integrated resource group Tharisa on Wednesday reported its first full-year profit of $6-million for the financial year to September 30. This compared with a loss of $54.9-million in the prior financial year.   Group revenue increased by 2.5% year-on-year to $246.8-million in the year... 

Tharisa appoints new nonexecutive director

By: Megan van Wyngaardt     25th September 2015 Resources group Tharisa has appointed Joanna Ka Ki Cheng to its board as alternate nonexecutive director to Brian Chi Ming Cheng, effective immediately. Ki Cheng, a Canadian national, was a chartered accountant and a member of the Institute of  Chartered Accountants of Ontario, Canada, Tharisa... 

JSE newcomer Tharisa lifts 2014 PGM output 36%

By: Natalie Greve     16th January 2015 A 36% year-on-year increase in resource group Tharisa’s platinum-group metals (PGMs) production has prompted an 11.7% spike in the company’s revenue, pushing total earnings to $240.7-million for the year ended September 30, the company said this week. Noting that the growth was achieved despite a... 

Chrome, platinum prices likely to recover in 2015 – Tharisa

By: Martin Creamer     15th December 2014 The price of chrome concentrate and the basket price of platinum group metals should recover in 2015, which could mean fourth-quarter profit for the JSE-listed Tharisa Minerals should it achieve its number-one priority of steady state production. Tharisa CEO Phoevos Pouroulis told Mining Weekly... 

Tharisa processing plant resumes operations

By: Natasha Odendaal     17th November 2014 A Section 54 order imposed on a processing plant at Tharisa’s platinum-group metals and chrome mine has been lifted. In an update to shareholders on Monday, the JSE-listed mining company said operations at the Voyager processing plant on the western limb of the Bushveld Igneous Complex had resumed. 

Worker killed in accident at Tharisa mine processing plant

By: Creamer Media Reporter      6th November 2014 An employee was killed in an accident at the Voyager processing plant at the Tharisa platinum-group metals and chrome mine, on the western limb of the Bushveld Igneous Complex, on Wednesday. The accident occurred during routine maintenance and all operations at the Genesis and Voyager plants had... 

Tharisa optimistic of future as ramp-up drives revenue

By: Natasha Odendaal     17th June 2014 While Cyprus-headquartered integrated resources company Tharisa continued to ramp up its 74%-owned South Africa-based Tharisa mine, outside Rustenburg, pushing first-half revenue and operating profit higher, the company posted a loss for the six months ended March 31. The newly JSE-listed group,... 

Find solutions to changing market conditions, ferrochrome industry urged

By: Leandi Kolver     21st September 2012 The South African ferrochrome industry should find a way to respond to the changing market conditions, ferroalloy producer Ruukki South Africa CEO Alistair Ruiters said during a panel discussion at Metal Bulletin Events’ fifth South African Ferro-alloys conference earlier this month. He stated... 

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