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Tharisa Mine
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Tharisa's underground transition remains on time and within budget, with the Apollo portal on track to deliver first run-of-mine ore in the fourth quarter of the 2026 financial year and reach steady-state output of 255 000 t a month by the third quarter of the 2029 financial year. Tharisa Minerals has drawn down on an $80-million underground transition term loan, and in June 2026 secured a R750-million asset revolving finance facility from Nedbank, with an accordion option to R1.25-billion, to fund the specialised underground mining fleet.
Apollo and Orion set to extend mine life beyond 60 yearsThe dual Apollo and Orion underground complexes, developed using bord-and-pillar mining under a phased portal strategy, carry transitional capital of $547-million over ten years and an internal rate of return above 25%. Openpit mining continues alongside development and is expected to deplete by the 2035 financial year, while Orion targets first ore in the 2031 financial year, extending Tharisa's operations by more than 60 years. Cementation Africa remains the underground development contractor under a five-year alliance model.
Existing plants to sustain production profileThe Genesis and Voyager processing plants, supported by the Vulcan ultrafine chrome recovery plant, offer run-of-mine capacity of 5.6-million tonnes a year, expected to maintain Tharisa's current PGM and chrome concentrate output as underground production ramps up.
Tharisa Mine Updates
JSE- and LSE-listed mining, metals and innovation company Tharisa remains on track to meet its full-year production guidance, while development of its Tharisa underground project, in South Africa,...
Johannesburg- and London-listed mining, metals and innovation company Tharisa has secured a new R750-million (about $45.5-million) asset revolving finance facility from financial services provider...
London- and Johannesburg-listed mining, metals and innovation company Tharisa has established a Level 1 American Depositary Receipt (ADR) programme, with JP Morgan appointed as the depositary bank,...
On March 31, 2026, just after 14:00, the detonation of 650 kg of explosives broke through the first rocks to enable access to underground resources at the Tharisa mine, located on the western limb...
On March 31, 2026, just after 14:00, the detonation of 650 kg of explosives broke through the first rocks to enable access to underground resources at the Tharisa mine, located on the western limb...
Johannesburg- and London-listed metals and mining company Tharisa has reported robust operational and strategic progress for the six months ended March 31, underpinned by the resilience of global...
Tharisa Minerals had concluded a five-year contract with Cementation Africa for underground mining development and construction works at the Tharisa mine.
Integrated resources group Tharisa expects to post a 512% to 532% year-on-year increase in earnings per share (EPS) at between $0.153 and $0.158 for the six months to March 31. That compares with...
Johannesburg- and London-listed metals and mining company Tharisa has signed a five-year contract with underground mining contractor Cementation Africa for the execution of the underground mining...
The business relationship between mining technology integration partner and provider Dwyka Mining Services, integrated platinum group metals and chrome producer Tharisa, and a group of...
Tharisa Minerals’ Tharisa mine has marked the start of its new underground mining era with its inaugural underground blast in April. Natasha Odendaal has the story.
JSE-, LSE- and A2X-listed Tharisa produced 34 300 oz of platinum group metal (PGM) for the quarter ended March 31 – the second quarter of its 2026 financial year, with PGM recoveries stable at...
Tharisa Minerals’ Tharisa mine has kicked off its new underground mining era with its inaugural blast on Tuesday. With the depletion of the mine’s openpit resources expected by around 2034, the...
Chrome and platinum group metals (PGM) miner Tharisa has reported a 5% year-on-year increase in its operating profit to $125-million for the financial year ended September 30, despite lower PGM and...
JSE-listed Tharisa has, subject to the fulfilment of certain conditions precedent, signed a $130-million debt facility with Absa Bank – acting through its Corporate & Investment Banking (CIB)...
JSE- and LSE-listed Tharisa has set its production guidance for the 2026 financial year at between 145 000 oz and 165 000 oz of platinum group metals (PGMs) and between 1.5-million and 1.65-million...
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