Valterra nears decision to dig underground at world's largest platinum mine

Paphos, Cyprus - Tharisa plc has secured a new platinum group metals (PGM) offtake deal with Valterra Platinum Limited, as announced on Tuesday. The agreement, binding from January 1, 2027, sees Valterra Platinum purchasing 50% of the PGM concentrate produced by Tharisa's mine, replacing Sibanye-Stillwater Limited. Northam Platinum Limited will maintain its existing arrangement for the remaining 50%.

The collaboration extends to fine chrome recovery and beneficiation at Valterra Platinum facilities, utilizing Tharisa's Vulcan X technology. This expansion of cooperation with Valterra Platinum, announced earlier this year, further strengthens Tharisa's PGM production certainty.