The Vision 2020 growth projects will ensure that Tharisa Minerals delivers 5.9 Mtpa of ROM, 200 kozpa of PGMs and 2 Mtpa of chrome concentrates by 2020.
Tharisa’s FY2018 guidance is 5 Mt of ROM and production of 150 koz PGMs and 1.4 Mt chrome concentrates, of which 350 kt will be specialty grade chrome concentrates.
The Group’s near term focus will be on continued operational improvements and the commencement of the Vision 2020 projects, which include two optimisation projects and two new plants.
“Tharisa is entering an exciting growth phase. These Vision 2020 projects, combined with improvements in grades following the transition to the owner mining model, will ensure we achieve our 2020 targets. The assets have delivered significant cash flows and dividends for shareholders and by investing in our growth, we can continue to enhance shareholder returns,” said Phoevos Pouroulis, CEO of Tharisa.
With higher feed grades as a result of improved mining, combined with the optimisation projects and the new processing plants, Tharisa expects to add 61.8 kozpa of PGMs and 602 ktpa of chrome concentrates to the Tharisa Mine’s annual production by 2020. This will take Tharisa’s production to 200 kozpa of PGMs and 2 Mtpa of chrome concentrates, delivering on Vision 2020.