Tharisa priced a $300m, five-year bond on 11 September 2026 through its Arxo Finance subsidiary to complete construction of the Karo Platinum project in Zimbabwe, targeting first ore to the mill in late 2027.
Tharisa has secured a $300m five-year bond at an 11% coupon to fund the balance of its $545m Karo Platinum project, where first ore to the mill is now expected in the fourth quarter of 2027.
The World Platinum Investment Council has swung its 2026 forecast from a 297koz deficit to a 265koz surplus, blaming a 601koz cut to expected investment demand after ETF outflows in the first half.
The World Platinum Investment Council forecast on 9 September 2026 that platinum would run a 265,000-ounce surplus for the year, reversing an earlier deficit call after heavy first-half investment outflows.
Platinum Group Metals Ltd is studying a staged development of the Waterberg JV in Limpopo, with a feasibility study due by November. Implats, which holds just under 15%, says the new thinking is more appealing.
Impala Platinum lifted headline earnings to R22.9bn in FY2026 from R732m a year earlier as higher precious and base metal prices flowed through, and declared total dividends of 1,855c a share.
Financing · PGMsTharisa prices $300m bond to finish Karo Platinum project in Zimbabwe$300mPending
Acquisition · PGMsNortham Platinum opens sale process after unsolicited approach, reportedly from Valterra—Announced
Disposal · PGMsAnglo American sells its last 19.9% of Valterra Platinum for R44.1bn$2.5bnCompleted
JSE: ARIDiversifiedAfrican Rainbow MineralsDiversified South African mining group founded in 2003 by Patrice Motsepe through a merger of his mining interests, making him one of the first black industrialists to control a major JSE-listed miner. Motsepe remains its non-executive chairman.
LSE: AALDiversifiedAnglo AmericanLondon-headquartered diversified miner that traces its roots to Johannesburg, where Ernest Oppenheimer founded the Anglo American Corporation in 1917. After demerging its platinum business as Valterra Platinum in 2025 and agreeing to sell its steelmaking coal unit, the group is reshaping itself around copper, premium iron ore and crop nutrients while preparing to merge with Teck Resources to form Anglo Teck.
JSE: IMPPGMsImplatsOne of the world's largest PGM producers, incorporated in 1966 and headquartered in Illovo, Johannesburg. Implats mines on the two richest PGM ore bodies, South Africa's Bushveld Complex and Zimbabwe's Great Dyke, and also runs Impala Refining Services, which toll-treats metal for other producers.
TSX: IVNCopperIvanhoe MinesCanadian mining company founded by Robert Friedland that has built its business around three flagship discoveries in southern Africa. It is listed on the Toronto Stock Exchange and is a member of the S&P/TSX Composite Index.
