Tharisa expects chrome, platinum metals output to continue growing
Tharisa, a chrome and platinum group metals (PGM) mining company, reported increased full-year production of both commodities, with higher chrome prices received for the period. Tharisa, which is listed in Johannesburg and London, reported an 8.3% increase in PGM production to 143,600oz for the year to end-September, while chrome concentrate was up 7% to 1.3-million tonnes. Speciality grade chrome output grew 20% to 323,100 tonnes. In its production report for the year, Tharisa noted the received price for the basket of PGMs it produced fell by 3.6% to R10,492/oz, while the price of its chrome was 52% higher at R2,667 a tonne. In dollar terms, the chrome price was up 67% at $200 a tonne. Its speciality grade chrome receives a premium of about $30 a tonne on top of the chrome price. Looking ahead, Tharisa expects 2018 PGM production of 150,000oz and chrome output of 1.4-million tonnes, of which 350,000 tonnes is specialty chrome. "We see more potential in the year ahead and will be e...
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