IN-HOUSE OPERATIONS
Tharisa in talks to do its own mining
Taking direct control over its mining operations would eliminate risk premiums and profit margins
Platinum and chrome mining group Tharisa believes it is ready to switch from contract to owner-mining after having spent the past two years developing and honing the skills it needs to make the transition. CEO Phoevos Pouroulis said on Tuesday that, open-pit mines having a life of 18 years it had always been management’s intention to make the move to the owner-mining model. "Over the past two years, and as part of the normal course of managing our mining operations, the company has developed mining, engineering and geological skills that are integral to in-house mining," said Pouroulis. Taking direct control over its mining operations would eliminate the contractor’s risk premiums and profit margins. "By controlling the stripping and reef grades ourselves, we believe we can deliver improved quality ore to our processing plants, thereby optimising the feed and recovery within our plants. "Over the longer term, this should allow us to reduce our mining costs and improve our recovery a...
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