Business Model

Tharisa Minerals (74% owned) produces PGM concentrate and metallurgical grade and chemical grade chrome concentrates from a shallow open pit mine near Rustenburg, in the North West province of South Africa. The Genesis and Voyager Plants have a combined design capacity of 400 ktpm run of mine ore per month.

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
  • Major capex invested
  • Regulatory compliant
Financial
  • Cash – operationally cash flow positive
  • Capital expenditure – SIB 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
  • Water
  • Road and rail networks
  • Port facilities
WHAT WE DO
Mineral Extraction
  • Contractor mining model
  • Mining of five MG Chromitite Layers
Benefication
  • Producing PGM and chrome concentrates
Research and Development - Optimisation
  • Improving recoveries
Marketing & Sales
  • Sales of PGM concentrate to Impala Platinum
  • Marketing and sales of chrome concentrates to customers
Logistics
  • Road distribution of PGM concentrates
  • Road and rail distribution of chrome concentrates
OUTPUTS
Products
Services
Waste
OUTCOMES
People
  • Employment
  • One third from local community
  • Skills development
  • Wellness programme
  • Low LTIFR, fatality-free year
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
  • Tharisa Community Trust
  • Community upliftment
  • Customers – quality of products, consistent deliveries
  • Suppliers
Infrastructure
  • Responsible management and efficient use