Karo Mining Holdings

Karo Mining Holdings is a mining company focused on the Karo Platinum Project in Zimbabwe. The project is a joint venture with Generation Minerals, a Special Purpose Vehicle of the Republic of Zimbabwe, held on a free-carry basis. Tharisa plc holds 78.17% of Karo Mining Holdings as at September 2025. The project holds a 25-year special mining lease over 23,903 hectares on the Great Dyke, with Phase 1 designed for 226 koz of PGMs per year and first ore expected in H2 2027.

The Karo Platinum Project's history began with initial exploration for platinum opportunities in Zimbabwe in 2009. In January 2014, the Government of Zimbabwe issued an expression of interest for companies to develop PGM opportunities, to which Karo submitted a proposal. In June 2017, Zimplats declared an indicated and inferred resource of 96.4 Moz PGMs (4E basis) over the Karo project area. In March 2018, Karo Holdings entered into an Investment Framework Agreement with the Republic of Zimbabwe. In June 2018, Tharisa plc acquired an initial 26.8% shareholding in Karo Holdings, and a Special Grant was granted for the right to mine for a period of five years.

1. 1Karo Mining Holdings | Karo Platinum Project, Zimbabwekaromining.com
2. 2Project History - Karo Mining Holdingskaromining.com
3. 3About Karo Mining Holdings | Ownership and leadershipkaromining.com
4. 4Karo Mining Holdingswikidata.org