Tharisa secures US$300m bond for Karo platinum project

According to The Financial Gazette, Tharisa has secured US$300 million in debt financing for its Karo Platinum Project, pricing a five-year Nordic bond at an 11% coupon. The funding clears a major hurdle for the project, with first ore targeted for Q4 2027. The high coupon signals investor risk appetite for Zimbabwean mining despite political and operational uncertainties, reflecting the country's potential as a mining destination. The bond is a significant milestone for Tharisa and the Zimbabwean mining sector, demonstrating that large-scale projects can attract international capital even under challenging conditions.