Tharisa plans to spend $547 million on underground platinum mine project

South Africa’s Tharisa Plc (THST.L), announced plans to spend $547 million on an underground platinum group metals mining project over the next decade, betting on the metals being integral to the global shift to cleaner energy technologies.

The company will transition its depleting open pit PGM and chrome co-producing Tharisa mine on South Africa’s Bushveld complex to underground mining within the next 10 years, it said.

Source: Reuters