Tharisa’s profits dented by drop in chrome price and reduced output

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Tharisa’s profits dented by drop in chrome price and reduced output
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Operating profit in the miner’s year to end-September fell 66.6%

Platinum ore ahead of the concentration process. Picture: SUNDAY TIMES

Chrome concentrate prices had fallen 12.9% to $162 a ton, said the company, while a pit redesign undertaken throughout the year had also weighed on production.The group said on Thursday the pit redesign at its flagship Tharisa mine, which is located 95km northwest of Johannesburg, was on track.

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