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Tue 12 May 2026
Close: 2 730c 
Day's move: 0c (0.00%)
Volume: 2 750
Trades: 26
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Tharisa - agreement with Cementation Africa
Tharisa signed a five-year underground mining contract with Cementation Africa, marking a key milestone in transitioning to underground operations at the Tharisa Mine. The alliance-based, open book, cost-plus fee agreement aims to enhance operational efficiency, access deeper ore bodies, and extend the mine’s lifespan, while open pit operations continue concurrently. Cementation Africa, known for delivering complex underground projects safely and efficiently, will bring its technical expertise to support Tharisa’s growth and sustainability goals. This partnership is expected to unlock the multi-generational potential of the resource base and reinforce Tharisa’s position in the PGMs and chrome markets.
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Tharisa - appointment of CFO designate
Tharisa announced the appointment of Jacques Breytenbach as chief finance officer designate, effective 1 May 2026, with his official appointment as CFO and executive director of the board from 1 August 2026, succeeding Michael Jones who retires on 31 July 2026 after 13 years of service.
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Tharisa - production report March 2026
Highlights
- Lost Time Injury Frequency Rate ('LTIFR') per 200 000 man hours worked of
- 0.03 at Tharisa Minerals
- 0.00 at Karo Platinum
- Successful first blast at the Tharisa Mine Apollo portal marking the official transition to underground mining in parallel with the existing open cast mining operations
- Quarterly PGM production at 34.3 koz (Q1 FY2026: 38.8 koz) with PGM recoveries stable at 77.5% (Q1 FY2026: 78.8%)
- PGM prices averaging at USD3 038/oz (Q1 FY2026: USD2 208)
- Quarterly chrome production of 404.0 kt (Q1 FY2026: 349.4 kt) with chrome recoveries stable at 69.7% (Q1 FY2026: 70.3%)* Average metallurgical grade chrome concentrate price at USD290/t (Q1 FY2026: USD276/t)
- Group cash on hand of USD184.3 million (31 December 2025: USD122.2 million), and debt of USD129.6 million (31 December 2025: USD75.2 million), resulting in a net cash position of USD54.7 million (31 December 2025: USD47.0 million)
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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