Business Model

Tharisa is uniquely positioned, incorporating mining, processing, beneficiation, marketing, sales and logistics. Tharisa Minerals is a low cost producer of PGM and chrome concentrates resulting in two distinct revenue streams from a single resource with costs being shared between the commodities. The Group continues to explore beneficiation opportunities through innovation and technology.

INPUTS
People
  • Skilled workforce
  • Experienced entrepreneurial leadership
  • Human resource development
  • Zero harm culture
Assets
  • Mining right
  • Significant resource
  • Long-term open pit life of mine
  • Processing plants
  • Regulatory compliant
Financial
  • Cash – operationally cash flow positive
  • Capital expenditure – stay-in-business capex, mining fleet and optimisation projects
  • Fully funded
  • JSE and LSE listing – access to capital markets
Innovation
  • Optimisation – mining and processing
  • Research and development
Stakeholders
  • Employees
  • Shareholders
  • Communities
  • Customers
  • Suppliers
  • Government
  • Municipalities
  • Regulators
Infrastructure
  • Less reliant on electricity – diesel powered mining
  • Electricity and water
  • Road and rail networks
  • Port facilities
WHAT WE DO
Mineral Extraction
  • Mining of five MG Chromitite Layers
  • Contractor mining model transitioning to owner mining model
Benefication
  • Producing PGM and chrome concentrates, including
  • metallurgical grade
  • chemical grade
  • foundry grade
Research and Development - Optimisation
  • Improving recoveries
  • IMW DC furnace to pilot production of PGM rich alloys
Marketing & Sales
  • Sales of PGM concentrat
  • Marketing and sales of chrome concentrates to customers globally
  • Agency agreement to third party businesses
Logistics
  • Road transport of PGM concentrates
  • Road and rail transport of chrome concentrates to port
  • Shipment of product to customers
OUTPUTS
Products
Services
Waste
OUTCOMES
People
  • Employment, one third from local community
  • Skills development
  • Wellness programme
  • Low LTIFR
  • Two years fatality free
Assets
  • Production of saleable product
  • Depletion of resources
Financial
  • Operating profit
  • Cash generated from operations
  • Social upliftment
  • Taxes and royalties
  • Dividends
  • Shareholder returns
Innovation
  • Process improvements
Stakeholders
  • Wages, salaries, bonus schemes and share award plans
  • Returns to shareholders
  • Community upliftment
  • Customers – quality of products, consistent deliveries
  • Suppliers
Infrastructure
  • Responsible management and efficient use