Aquarius secures first tranche in Everest mine sale
JOHANNESBURG (miningweekly.com) – JSE-listed Aquarius Platinum on Friday said it had received the first payment from the sale of its Everest mine to Northam Platinum.
The Part A R400-million payment for the concentrator and other mining assets of Everest mine was concluded on Friday, with the R50-million balance, securing the Everest mining right, of the two-tranche R450-million deal dependent on Section 11 Ministerial approval.
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