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Thu 10 Sep 2026
Close: 2 743c 
Day's move: 43c (1.59%)
Volume: 408
Trades: 18
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Tharisa - income investor meetings and bond issue
Tharisa has mandated DNB Carnegie and HSBC as Joint Bookrunners, and Absa Bank Ltd. (acting through its Corporate & Investment Banking division) as co-manager, to arrange a series of fixed income investor meetings commencing on 2 September 2026.
A new 5-year senior secured bond with an initial issue amount of USD300 million issued by the Company’s wholly owned subsidiary Arxo Finance plc may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue will be deployed for capital expenditure at the Karo Platinum Mine, and for general corporate purposes.
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Tharisa - purchase agreement with Valterra
Tharisa secured a five-year concentrate purchase agreement with a subsidiary of Valterra Platinum Ltd. for the Karo Platinum Project on Zimbabwe’s Great Dyke. The project, owned 85% by Karo Mining Holdings plc and supported by a Special Mining Lease Agreement with the Zimbabwean government, boasts a Mineral Reserve of 2.1 million ounces of platinum group metals (PGMs) and a Mineral Resource of 11.2 million ounces, supporting a mine life exceeding 50 years. Tharisa owns 78.81% of Karo Mining Holdings. The agreement provides offtake certainty, bolstering the project's bankability as it advances towards first production. Valterra’s CEO expressed confidence in the project and the partnership. The deal marks a significant milestone in Tharisa’s growth and development strategy.
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Tharisa plc - Dealings in securities by company se
The company secretary has dealt in shares of the company.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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