Tharisa touts Karo Platinum gains in Zimbabwe
South African mining company Tharisa Capital said its platinum group metals venture in Zimbabwe advances despite weak global prices. The firm holds a 70 percent stake in Karo Mining, which is developing the Karo Platinum Project on the Great Dyke. The operation will run for a decade as an open pit before transitioning to underground extraction for 30 years, yielding 226,000 ounces annually.
Chief executive Phoevos Pouroulis reported that ball mills arrived at the site while dam expansion work continues at Chirundazi. The project sits within a special economic zone with road and electricity infrastructure. Zimbabwe operates three platinum producers and several projects under construction as mining generates over 80 percent of export revenue and 12 percent of economic output.
Pouroulis said commodities benefit from strong fundamentals as global demand meets a limited supply response. Platinum emerged as a top performer in 2025 with continued deficits and tight inventories. The nation holds the second-largest platinum reserves and substantial chromium deposits globally.
