Milestones
Concrete works continue at site, with the erection of the Crushing and screening section plinths, primary and secondary mill civils, rougher and cleaner flotation civils as well as the control room building. Pilot mine successfully completed. Mineral Reserve and Mineral Resource statement updated.
2024
2023
Excavations completed, and foundations lain for the crushing and screening circuits, siloes and mills. Pilot mine established to confirm key assumptions. Environmental permits are secured for bulk power and water supply. Foundations work completed for the Selous Substation 175Mv upgrade.
Karo Mining Holdings lists first of its kind bond on the Victoria Falls Stock Exchange raising US$36.8 million. MoU signed with Chariot Limited and Total Eren to develop, finance, build and operate a 30 MWp solar pv project that will provide competitive solar electricity for the Karo project.
Environmental permit secured for the mine & the plant. Start of construction with a widely attended ground-breaking ceremony on 7 December.
Tharisa exercises its farm- in option and acquires a controlling interest in Karo for US$ 27.0 million thereby increasing its shareholding in Karo Holdings from 26.8% to 66.3%. Leto now Medway will retain the balance of 33.7%. Bernard Pryor appointed as Karo MD.
2022
2021
Implementation study completed with delineation of a Tier 1 Asset +20 year LOM established Output of +150koz PGMs.
KMH acquired its project concession area, measuring 23 903 ha, in March 2018 and entered into the Investment Framework Agreement with the Republic of Zimbabwe. By virtue of a Special Grant issue on 8 June 2018, Karo Platinum was granted the right to mine for five years.
2018
2017
Zimplats had declared an indicated and inferred resource over the Karo project area, with the last declaration made in June 2017. The declaration states that the project area contains 96.4 Moz of PGMs (4E basis).
In January 2014, the Government of Zimbabwe issued an expression of interest for companies to further develop PGM opportunities, to which Karo submitted an expression of interest.
2014
2009
Karo Mining Holdings (KMH) has been scouting for platinum mining and refining opportunities in Zimbabwe since 2009.
Milestones
EXPAND ALLKaro Mining Holdings (KMH) has been scouting for platinum mining and refining opportunities in Zimbabwe since 2009.
Karo Mining Holdings (KMH) has been scouting for platinum mining and refining opportunities in Zimbabwe since 2009. In January 2014, the Government of Zimbabwe issued an expression of interest for companies to further develop PGM opportunities, to which Karo submitted an expression of interest.
Zimplats had declared an indicated and inferred resource over the Karo project area, with the last declaration made in June 2017. The declaration states that the project area contains 96.4 Moz of PGMs (4E basis).
KMH acquired its project concession area, measuring 23 903 ha, in March 2018 and entered into the Investment Framework Agreement with the Republic of Zimbabwe. The project is located in the Mashonaland West province of Zimbabwe, approximately 80 km southwest of Harare and 35 km southeast of Chegutu. The country is well connected by road and rail infrastructure, with several border crossings from this land locked country. Karo Platinum was granted the right to mine for five years pursuant to a Special Grant issued on 8 June 2018.
Subsequently the Special Grant was superseded by a Mining Lease over the same concession area for the life of mine. The Mining Lease was issued on 12 March 2021.