Karo Mining Holdings is a Cyprus-based company that operates in the precious metals sector. The company is committed to sustainable mining practices and has made significant investments in decarbonisation and renewable energy.

Karo Mining Holdings was founded in 2018 with a vision to become a leading producer of platinum group metals (PGMs) in Zimbabwe. The company's flagship project is the Mhondoro-Ngezi platinum mine, which has an estimated resource of 96 million ounces of PGMs. The mine is located in the Great Dyke region of Zimbabwe, which is known for its rich deposits of PGMs.

Karo Mining Holdings is committed to sustainable mining practices and has made significant investments in decarbonisation and renewable energy. The company has implemented a comprehensive sustainability strategy that focuses on reducing its carbon footprint and promoting environmental stewardship. As part of this strategy, Karo Mining Holdings has invested in renewable energy projects, such as solar and wind power, to reduce its reliance on fossil fuels.

One of the key initiatives that Karo Mining Holdings has undertaken to reduce its carbon footprint is the implementation of a corporate power purchase agreement (PPA) for renewable energy. A corporate PPA is an agreement between a company and a renewable energy provider to purchase a fixed amount of renewable energy over a specified period. This allows companies to reduce their reliance on fossil fuels and transition to renewable energy sources.

Karo Mining Holdings has signed a corporate PPA with a local renewable energy provider to supply the Mhondoro-Ngezi platinum mine with renewable energy. The company has installed a solar power plant at the mine, which is expected to generate up to 150MW of renewable energy. This will reduce the mine's reliance on fossil fuels and significantly reduce its carbon footprint.

In addition to its renewable energy initiatives, Karo Mining Holdings has also implemented a comprehensive corporate energy strategy to reduce its energy consumption and promote energy efficiency. The company has invested in energy-efficient equipment and technologies, such as LED lighting and energy-efficient HVAC systems, to reduce its energy consumption.

Karo Mining Holdings is committed to promoting environmental stewardship and has implemented a range of initiatives to reduce its impact on the environment. The company has implemented a comprehensive environmental management system (EMS) to monitor and manage its environmental impact. The EMS includes measures to reduce water consumption, manage waste and promote biodiversity.

Karo Mining Holdings is also committed to promoting social responsibility and has implemented a range of initiatives to support the local community. The company has established a community development fund to support local projects, such as education and healthcare. The company also provides employment opportunities for local people and has implemented a range of initiatives to promote skills development and training.

In conclusion, Karo Mining Holdings is a Cyprus-based company that operates in the precious metals sector. The company is committed to sustainable mining practices and has made significant investments in decarbonisation and renewable energy. The company has implemented a comprehensive sustainability strategy that focuses on reducing its carbon footprint and promoting environmental stewardship. Karo Mining Holdings has signed a corporate PPA for renewable energy and has installed a solar power plant at its flagship Mhondoro-Ngezi platinum mine. The company is also committed to promoting social responsibility and has implemented a range of initiatives to support the local community.