Tharisa CEO on record 2024 chrome production, safety milestone and future growth [Video]

Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) CEO Phoevos Pouroulis talked with Proactive’s Stephen Gunnion about the company’s strong performance for the year to 30 September, highlighting record chrome concentrate production of 1.70 million tons at a robust price of $299 per ton, driving an 11% revenue increase to $721 million. He emphasised the company’s commitment to safety, marking a year free of lost-time injuries.

Pouroulis discussed Tharisa’s ongoing progress in downstream beneficiation, particularly in chrome alloy commercialisation and PGM refining, with a new facility under construction for producing high-purity metals. He also elaborated on the company’s innovative Redox One technology, which is scaling up its chrome-ion flow battery capabilities to provide low-cost energy storage solutions.

Other key achievements included a multi-year wage agreement ensuring labour stability and a $5 million share buyback program. Tharisa’s Vision 2025 strategy focuses on growth, diversification, and sustainability, including the development of its tier-one Karo project in Zimbabwe.