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Tharisa extends option to acquire shareholding in Salene Chrome Zimbabwe

20th January 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Aim-listed Tharisa has extended the option to acquire a 90% shareholding in Salene Chrome Zimbabwe to March 31.

Tharisa in May 2018 advised that it had acquired an option to acquire a 90% shareholding in Salene from Leto Settlement.

"Despite the turbulent political landscape in Zimbabwe currently . . . Tharisa remains fully committed to its investment project framework agreement with the Zimbabwe government," the company notes.

The agreement involves the establishment of a vertically integrated platinum group metals mining complex and a call option to acquire a 90% shareholding in illuvial chrome mining company Salene Chrome Zimbabwe on the condition of completion of the exploration programme.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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