Group
structure
| Investment holding company | Tharisa plc (Cyprus) |
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Operating/producing companies |
Tharisa Minerals (South Africa) 74% Tharisa Minerals produces PGM concentrate and metallurgical and chemical grade chrome concentrates from a shallow open pit mine near Rustenburg, North West province. The Genesis and Voyager plants have a combined design capacity of 4.8 Mt of run of mine ('ROM') ore per annum. |
BEE shareholders Thari Resources (South Africa) 20% The Tharisa Community Trust (South Africa) 6% |
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Arxo Metals (South Africa) 100% Arxo Metals produces specialised higher margin chemical and foundry grade chrome concentrates, operates Lonmin's K3 UG2 chrome plant in Rustenburg and is the Group's research and development arm. It also commissioned a 1 MW DC furnace to produce PGM rich metal alloys on a pilot scale. Arxo Metals conducts extensive research and development into technologies and beneficiation opportunities. |
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Trading and service provider companies |
Arxo Resources (Cyprus) 100% Arxo Resources markets and sells metallurgical and chemical grade chrome concentrate to customers primarily in Asia. |
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Arxo Logistics (South Africa) 100% Arxo Logistics manages the rail and road distribution of PGM concentrate and chrome concentrates produced by the Tharisa Mine and chrome concentrates from the Lonmin K3 UG2 chrome plant. These products are transported to international customers via port facilities in Richards Bay and Durban for shipment and to customers in South Africa. |
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Exploration and growth projects |
Karo Mining Holdings (Cyprus) 28.8% Karo Holdings is establishing an integrated PGM mining and refining complex in Zimbabwe with a planned 300 MW solar power generation plant. The project is in the exploration stage. Karo Platinum, an indirect subsidiary of Karo Holdings, has been awarded a Special Grant over 23 903 ha in the Great Dyke, to develop the PGM mining complex. Karo Power, an indirect subsidiary of Karo Holdings, will develop the planned solar generation plant. |
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Salene Chrome Zimbabwe (Zimbabwe) Option for 90% Tharisa is undertaking the exploration programme for illuvial chrome adjacent to the Great Dyke in Zimbabwe. |