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.
Uranium spot prices, which touched about $101 a pound in January 2026 before settling near $84-$90, remain high enough to support producing African mines but still leave some greenfield projects waiting on the sidelines.
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.
Sibanye-Stillwater has begun Section 189 consultations to close its Kwezi shaft near Rustenburg, putting 781 employees and 333 contractors at risk of losing their jobs.
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 · CoalAnglo American agrees to sell Queensland coal mines to Dhilmar for up to $3.88bn$3.9bnPending
Acquisition · GoldPan African Resources buys out Emmerson in A$311m all-share deal and lists on ASX$218mCompleted
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.
TSXV: AFMDiversifiedAlphamin ResourcesTin miner headquartered in Mauritius and dual-listed on the TSX Venture Exchange and JSE AltX. Its Bisie mine in the Democratic Republic of Congo hosts some of the world's highest-grade tin deposits.
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.
NYSE: AUGoldAngloGold AshantiGold miner formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. It completed a corporate restructuring in September 2023 that moved its primary listing to the New York Stock Exchange and its domicile to England, while keeping secondary listings in Johannesburg, on A2X and in Accra.
