Corporate profile
Uniquely positioned as a PGM and chrome co-producer with integrated logistics and trading.
Tharisa is a European headquartered integrated resource group. It is uniquely positioned incorporating mining, processing, beneficiation, marketing, sales and logistics. Tharisa is a low cost producer of PGM and chrome concentrates resulting in two distinct revenue streams from a single resource and costs being shared between the commodities. The Group continues to explore beneficiation opportunities through innovation and technology.
The Group owns and operates the Tharisa Mine which is located on the south-western limb of South Africa's Bushveld Complex.The Tharisa Mine has an estimated open pit life-of-mine of approximately 14 years, and a further estimated underground life of mine of approximately 40 years. The Tharisa Mine’s processing facilities comprise the Genesis Plant and the Voyager Plant, both PGM and chrome concentrators are capable of nameplate processing a total of 400 ktpm of ROM ore.
INVESTMENT HOLDING COMPANY
Tharisa plc (Cyprus)
1. Tharisa Minerals (South Africa) 74%
Operating/producing companies
Tharisa Minerals produces PGM concentrate and metallurgical and chemical grade chrome concentrates from a shallow open pit mine near Rustenburg, North West province. The Genesis and Voyager plants have a combined design capacity of 4.8 Mt of Run of Mine (‘ROM’) ore per annum.
2. Thari Resources - BEE shareholders
Operating/producing companies
Thari Resources (South Africa) 20%
3. The Tharisa Community Trust - BEE shareholders
Operating/producing companies
The Tharisa Community Trust (South Africa) 6%
4. Arxo Metals (South Africa) 100%
Operating/producing companies
Arxo Metals produces specialised higher margin chemical and foundry grade chrome concentrates, operates Sibanye-Stillwater’s K3 UG2 chrome plant in Rustenburg and is the Group’s research and development arm. It also commissioned a 1 MW DC furnace to produce PGM rich metal alloys on a pilot scale. Arxo Metals conducts extensive research and development into technologies and beneficiation opportunities.
5. Arxo Resources (Cyprus) 100%
Trading and service provider companies
Arxo Resources markets and sells metallurgical and chemical grade chrome concentrate to customers primarily in Asia.
6. Arxo Logistics (South Africa) 100%
Trading and service provider companies
Arxo Logistics manages the rail and road distribution of PGM concentrate and chrome concentrates produced by the Tharisa Mine and chrome concentrates from the Sibanye-Stillwater’s K3 UG2 chrome plant. These products are transported to customers in South Africa and international customers via port facilities in Richards Bay and Durban.
7. Karo Mining Holdings (Cyprus) 26.8%
Exploration and growth projects
Karo Holdings is establishing an integrated PGM mining and refining complex in Zimbabwe with a planned 300 MW solar power generation plant. The project is in the exploration stage. Karo Platinum, an indirect subsidiary of Karo Holdings, has been awarded a Special Grant over 23 903 ha in the Great Dyke, to develop PGM mining complex.
Karo Power, an indirect subsidiary of Karo Holdings, will develop the planned solar generation plant.
8. Salene Chrome (Zimbabwe) Option for 90%
Exploration and growth projects
Tharisa is undertaking the exploration programme for chrome adjacent to the Great Dyke in Zimbabwe.
Through its subsidiary Arxo Metals, the Group is developing its beneficiation capabilities to optimise its operations and capture a greater share of the value chain. Arxo Metals produces specialised higher margin chemical and foundry grade chrome concentrates, operates Lonmin’s K3 UG2 chrome plant in Rustenburg and is the Group’s research and development arm. It is commissioning a 1MW DC furnace to produce PGM-rich metal alloys on a pilot scale.
The Group’s business also includes logistic operations through Arxo Logistics, which handles the rail and road distribution of PGM and chrome concentrates produced by the Tharisa Mine to customers in South Africa and to port facilities in Richards Bay and Durban for shipment to customers overseas. The business has been expanded to third-party logistics services and it is currently providing logistical services to Lonmin’s K3 UG2 chrome plant.
Sales and marketing of the Group’s chrome products is undertaken by Arxo Resources, which acts as agent and off-taker for Tharisa Minerals for the onward sale of chrome concentrates to customers in China and other international markets.