Aquarius posts interim loss, production down

ASX-, LSE- and JSE-listed Aquarius Platinum on Thursday posted a loss of $113-million, or 24.31 c a share, for the first half of its 2012 financial year. Aquarius CEO Stuart Murray attributed the negative result for the six months to December 31...

Mimosa mine, Zimbabwe

An underground mine, situated in Zimbabwe.

Mimosa operation maintains steady-state production

Production at the Mimosa platinum mine, in Zimbabwe, remained flat and maintained a 100 000 oz/y out of platinum in concentrate , reports platinum miner Impala Platinum (Implats) in its quarterly report for July 1 to September 30, 2011.

Low platinum price scaring miners towards survival mode

The lower platinum price is scaring platinum-mining companies into self-preservation mode. Liberum Capital analyst Dominic O’Kane says in a note that the platinum-mining sector has become the first mining sector to fall below the marginal cost...

South African miners having to meet 2011 costs on 2007 prices: Aquarius Platinum

The Beatles’ song Lucy in the Sky with Diamonds heralded Aquarius Platinum’s presentation of results for the 12 months to June 30, but a more appropriate melody may have been Singing the Blues.

Safety audit shows Aquarius meets industry standards

The world’s fourth-largest platinum miner Aquarius on Wednesday released the findings of an independent safety audit, which concluded that its South African operations met, and in some instances, exceeded industry standards. This comes after...

Aquarius suspends Blue Ridge funding, ups stake in tailings operation

Midtier platinum miner Aquarius has suspended funding for the jointly-owned Blue Ridge platinum mine, because of low platinum-group metals (PGMs) rand prices, the ASX-, LSE- and JSE-listed company announced on Wednesday. The suspension of the...

Aquarius to pay Northam R1,2bn for Booysendal South mineral rights

Platinum miner Aquarius has agreed to pay Northam Platinum R1,2-billion to acquire mineral rights on farms adjacent to the Everest mine, on the eastern limb of the Bushveld complex, potentially adding 22 years to the mine’s life. Aquarius,...

GFMS keeps $1 600/oz gold forecast, Aquarius buys platinum company, Miranda accelerating coal projects

The price of gold is expected to break through $1 600/oz before the end of this year; Platinum miner Aquarius is buying Afarak Platinum for $109,7-million; and

Aquarius shuts shaft, mulls Zimbabwe listing, ups safety

Platinum miner Aquarius is closing the No 1 shaft at its Marikana platinum mine in North West province; it is considering a listing on the Zimbabwe stock exchange for its half-owned Mimosa mine; and it is implementing an advanced technology-backed...

Blue Ridge mine, South Africa

A 4E PGM mine, situated in South Africa

Keaton appoints former KPMG partner to board

JSE-listed Keaton Energy said on Friday that it had appointed Paul Sadler as a nonexecutive director of the company. The coal miner said that Sadler, who was a partner at KPMG for more than 20 year, brought extensive auditing expertise to the...