South Africa : Tharisa to list on London Stock Exchange for a wider pool of investors

Tharisa Plc, the platinum group metals and chrome co-producer active the southwestern limb of South Africa’s Bushveld Complex, is gearing to list on the London Stock Exchange and expects affective admission on or about 8 June.

This represents an “important milestone for the Company in raising our international profile and opening up access to a wider pool of investors and improving trading liquidity”, Tharisa CEO, Mr. Phoevos Pouroulis, commented on June 5 in a release that reached Rutilance.

“We look forward to building support for Tharisa among the UK and European investment community,” he also said.
Pouroulis went on to explain that trading on the main market for listed securities of the London Stock Exchange will help increase the international profile and improve trading liquidity of Tharisa by facilitating the participation of UK and European investors in the Company.

The primary listing will remain the Johannesburg Stock Exchange for Tharisa, an integrated resources group incorporating mining, processing, beneficiation, marketing, sales and logistics of platinum group metals and chrome concentrates.
Tharisa Mine, located on the southwestern limb of Bushveld Complex, is the primary asset of the company. It has an estimated open pit life-of-mine of approximately 20 years and a further estimated underground life of mine of roughly 40 years.

Tharisa Plc saw, in the quarter ended 31 March 2016, record improvements in a number of key areas. This included reef mined exceeding the steady state required run rate of 4.8 Mtpa, mill throughput performing at nameplate design capacity of 400 ktpm and contained PGM production on a 6E basis meeting the steady state production level of 144 koz. (Rutilance.com)