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Tharisa makes move into Zimbabwe with Salene Chrome acquisition

Phoevos Pouroulis, chief executive of Tharisa PLC (LON:THS), tells Proactive's Andrew Scott they've made a first move into Zimbabwe with the acquisition of 90% of Salene Chrome, located on the country’s Great Dyke platinum belt.

Salene has three special grants covering an area of approximately 95sq km on the eastern side of the Great Dyke, which entitles it to mine illuvial chrome at surface.

Quick facts: Tharisa PLC

Price: 80.5 GBX

LSE:THS
Market: LSE
Market Cap: £214.62 m
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Tharisa PLC still generating strong cash despite curtailed operational output

Tharisa PLC's (LON:THS) head of investor relations Ilja Graulich talks Proactive London's Andrew Scott through the group's results for the year to the end of September 2019. Tharisa posted sharply lower profits in the period as lower production and weaker chrome prices hit revenues however,...

on 29/11/19

2 min read