Karo Mining Holdings: Unlocking Zimbabwe's Mineral Wealth
The Karo Platinum Project is a landmark development placing Karo Mining Holdings at the forefront of Zimbabwe’s Platinum Group Metals (PGM) industry. Situated on the country’s renowned Great Dyke, the project holds a 25-year special mining lease (24 August 2026) over 23,903 hectares, with a 2.1 Moz open-pit reserve and an 11.2 Moz resource. Phase 1 is designed for 226 koz of PGMs a year, with first ore expected in H2 2027.
0 +
Years
Special mining lease term granted 24 August 2026. Open-pit plus underground studies sit behind the designed life-of-mine range shown here.
Up to
0
Jobs
More than 1,000 permanent direct jobs expected in steady-state operations (Tharisa, August 2026).
$1. 0
Billion
The Project Net Present Value (NPV), including the underground project.
A World-Class Project,
Built for the Future
The Karo Platinum Project represents a milestone in mining development, combining impressive scale with innovative and efficient design. Our open-pit PGM operation is the newest under construction in Zimbabwe, offering a robust foundation for sustainable, long-term production.
Geological Advantage
Located on the Great Dyke , 550 km long, up to 11 km wide, hosting some of the richest PGM deposits globally.
Strategic Alliances
Backed by Tharisa plc, which holds 78.17% of Karo Mining Holdings as at September 2025.
Economic Impact
Significant job creation and GDP contribution for Zimbabwe
Project Scale
Tier-one PGM asset on a 25-year special mining lease. Phase 1 targets 226 koz a year, with first ore in H2 2027.
Essential
for a Modern World.
Essential for a
Modern World
Platinum Group Metals (PGMs), including platinum, palladium, rhodium, iridium, and ruthenium, are indispensable components driving key industries. Renowned for their durability, corrosion resistance and catalytic properties, PGMs are central to both traditional sectors and the transition to a greener future.
Automotive
Crucial in catalytic converters, reducing harmful vehicle emissions and improving air quality.
Electronics
Ensure performance and reliability in high-tech devices.
Jewellery
Valued for their beauty, rarity, and prestige.
Emerging Uses
Critical in fuel cell technologies powering the hydrogen economy.
Driving Sustainable Growth
Responsible mining is the cornerstone of our operations. Our operations are grounded in ESG principles that deliver economic value, protect the environment, and uplift communities
Health and Safety
The safety and health of our people is a core value.
Environmental Responsibility
We take responsibility for the environmental impact of our operations and act to minimise it.
Community Uplift
Invest in local communities to create shared benefits.
Integrity and Innovation
Operate with transparency and ethical conduct.