Tharisa plans to invest US$391 million to complete phase 1 of the Karo project in Zimbabwe in the next 24 months after taking full control of the platinum mine.
Tharisa had a cash balance of US$213. 9 million (30 September 2022 US$143. 4 million) at the end of the quarter, and debt of US$112. 8 million (30 September 2022 US$64. 8 million).
The increased cash has resulted in an improved net cash position of US$101. 1 million (30 September 2022 US$78. 6 million). 🔗 Read Full Article
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