Tharisa upbeat on buying 90% stake in Salene Chrome

THARISA, a chrome and platinum group metal producer, said it remained optimistic of reaching an agreement with Leto Settlement regarding the purchase of a 90% stake in Salene Chrome Zimbabwe.

“Since the original announcements were made, the parties to the agreement have continued discussions as to the optimisation of certain aspects of the transaction structure,” the company said in a statement.

“Tharisa envisages that the successful outcome of these discussions will result in the economic benefits of the transaction to Tharisa being substantially the same,” it said. “Tharisa is engaging with the Johannesburg Stock Exchange regarding the relevant regulatory requirements.”

“Accordingly, no circular has been mailed to shareholders thus far and a further announcement in this regard will be made as soon as practicable,” it said.