Tharisa reports improved quarterly production levels
CEO Phoevos Pouroulis says the company is ‘on track to meet our vision-2020 targets, assisted by improvements from our mining operations in the second quarter’
Chrome and platinum group metals (PGMs) miner Tharisa said on Thursday its production levels improved in the three months to end-March. PGM production rose 1.2% from the previous quarter to 34,000oz, while chrome production was up 1.1% quarter on quarter at 308,700 tons. Tharisa CEO Phoevos Pouroulis said the company was “once again on track to meet our vision-2020 targets, in part assisted by substantial improvements from our mining operations in the second quarter”. The miner was on track to produce at least 150,000oz of PGMs in financial year 2019, and 1.4-million tons of chrome concentrates, of which 25% is expected to be speciality grade. Tharisa is targeting 200,000oz of PGMs and 2-million tons of chrome concentrates in calendar year 2020. “We have made considerable progress in redesigning the pit, which necessitated moving almost 1.3-million cubic metres of additional in-pit material over the last six months," Pouroulis said. Tharisa had the capacity to mine the volumes requi...
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