Tharisa takes control of Brits chrome and platinum mine
Tharisa Minerals is buying the fleet of equipment and employing the staff deployed by MCC Contracts at its chrome and platinum group metal mine near Brits as the company takes full control of a maturing asset. Avoiding the high upfront cost of buying a mining fleet and employing a large staff complement, Tharisa opted to use a contractor to start its opencast mine. However, now that the mine is at steady state production, the company has opted to take a firmer hold of the operational side of the business. Aiming for 1.4-million tonnes of chrome concentrate and 150,000oz of platinum group metals in 2017, Tharisa said taking in-house control would allow it to hit that target. It said in May it intended embarking on this course of action. "The contractor model was appropriate while the Tharisa Mine was in development since it reduced the upfront capital spend on a fleet, enabled Tharisa Minerals to understand its ore body fully and allowed the company to determine the optimal fleet req...
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