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Tharisa PLC. JSE: THA

Tharisa shares

Background of Tharisa

  • Tharisa PLC is a low cost PGMs and chrome concentrate producer headquartered in Europe, which owns and operates the Tharisa Mine in the Bushveld Complex of South Africa. The company’s history stems back to the granting of prospecting rights in 2006.

  • The Tharisa Mine has an open pit life-of-mine of 20 years, and underground life-of-mine of approximately 40 years. Processing facilities include the Genesis and Voyager plants, which process both PGM and chrome concentrates, resulting in two live revenue streams and shared costs.

  • Beneficiation capabilities are achieved through subsidiary Arxo Metals, with road and rail logistics operations carried out by Arxo Logistics. Sales and marketing of chrome products is undertaken by by Arxo Resources, which is responsible for sale to China and other international markets.

  • Tharisa shares are available to buy on the Johannesburg Stock Exchange (JSE) with the company having a JSE market cap of R7 billion. Tharisa share price is beginning to show signs of positive growth.

Tharisa Shares Growth Driver

  • Tharisa’s strategy is to generate value by originating, developing and operating mines in the PGM, chrome and steel raw material sector, to service growing global demand through mining, processing, marketing, sales and logistics. The group focuses on growth through accretive acquisition, development and operation of large scale, low cost projects that are in or close to production. Tharisa Mine provides a unique advantage in that multiple mineralised layers can be mined, with defined levels of both PGMs and chrome.

  • With good logistics capabilities and contracts with clients in South Africa and globally, the group has secured stable channels through which to distribute its products.

  • After several years of difficult trade conditions, Tharisa achieved commendable performance in its latest interim period, covering the first six months of 2016. PGM production was up by 4.5%, while chrome concentrate production increased by 7.3%. However, due to sharply depressed commodity prices, the group only managed a US$3 million profit, compared to $4.8 million in 2015. Despite this, gross profit margin strengthened from 18.4% to 24.6% based on increased production volumes, higher quality and reduced unit costs.

  • The group also achieved a secondary listing on the main board of the London Stock Exchange, which will increase Tharisa’s international profile and open up access to a wider pool of investors, whilst improving the liquidity of Tharisa shares.

Tharisa Group Investor Tip

  • Tharisa has forecast that production of both PGMs and chrome concentrates will increase, with a number of optimisation initiatives currently being evaluated to further improve recoveries. Investors have acknowledged that the Tharisa Mine is a high quality asset which has reached a steady state of production. This, along with the listing on the LSX and prospects for recovering PGMs and chrome prices, has prompted investors to buy the shares. Tharisa share price has started tracking an upward line on the JSE stocks chart, and the group could well be a worthwhile mining company to buy into.

Tharisa Major Shareholders

Medway Developments, Pershing, Fujian Wuhang Stainless Steel.

  • Sector

    Materials

  • Industry

    Mining
  • Sub industry

    Platinum Mining

How to buy Tharisa Group Shares

  • Tharisa : How to buy Tharisa Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Tharisa shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Tharisa Holdings and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Tharisa Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Tharisa.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
  • Buy Shares with Confidence

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<a href="https://www.sashares.co.za/tharisa-shares">Credits: SA Shares™</a>
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