Mining News

Tharisa takes controlling stake in Karo

Platinum group metals (PGMs) and chrome producer Tharisa has exercised its farm-in option to acquire a controlling interest in Karo Mining Holdings for $27-million in shares. Tharisa will issue 13.69-million shares to The Leto Settlement and now holds a 66.3% interest in Karo – compared with the 26.8% it previously owned. Leto will retain the remaining 33.7% interest in Karo.

Share this article