CNBC Africa·2 min read·medium

Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra

R
Reuters
Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra
AI Summary

Tharisa Plc has secured an offtake agreement with Valterra Platinum to sell concentrate from its upcoming Karo project in Zimbabwe. The project is expected to produce 226,000 ounces of platinum group metals annually.

Why it matters

This deal secures a revenue stream for a major mining development in Zimbabwe, impacting the regional economy and global platinum supply chains.

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HARARE, Aug 27 (Reuters) – Tharisa Plc said on Thursday its Zimbabwe unit has agreed a deal to sell platinum concentrate to Valterra Platinum ahead of first production at the Karo project, expected next year.

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The article is a straightforward business report based on a corporate announcement.

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