Tharisa

Tharisa is a new age mining company that follows a unique approach through innovation and technology to co-produce PGM and chrome concentrates in South Africa. It offers direct access to the only JSE listed co-producer with an integrated marketing, sales and logistics platform. Our key differentiators are that we have a large scale open pit resourc... e that allows us to extract all six MG Chromitite Layers. We have a 20-year life of mine and the ability to extend operations underground by a further 40 years. The Tharisa Mine is located in the South African Bushveld Complex, the world's largest platinum deposit, and taps into one of the world's largest single chrome resources at 828Mt. Mining, environmental and water use permits and licenses have been granted and are valid. The mechanised nature of our open pit operation has ensured that we are in the lower cost quartile of PGM and chrome producers. While the open pit is planned with a strike length of 5km and a highwall height of approximately 200m, the average depth of platinum mines in South Africa is 750m below surface. Tharisa Minerals is already in production and de-risked with the major capital investment programme complete and has two independent processing plants with 400 ktpm combined capacity. The integrated process involves primary extraction of chrome followed by PGM flotation, then secondary chrome extraction from the tailings. Steady state production of 144koz 6E PGMs and 1.5Mt of chrome concentrates is planned to be achieved in 2016. The two independent processing plants run the same process, which provides flexibility during electricity load shedding, such as recently experienced across South Africa. We are able to bypass crushing and/or grinding circuits in a phased manner to maintain production through the processing of crushed ore stockpiles. Thereafter we have the flexibility to halt the Genesis Plant, to accommodate Eskom's maximum load shedding requirement. We are committed to health and safety and have a zero harm policy with a recorded ...Read More