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...

Implats output down 12%, refining down 27%, costs up 10%

Platinum major Implats has reported 12% lower production, 27% lower refining, 10.8% higher units costs, unresolved indigenisation implementation in Zimbabwe and three deaths. The platinum production of South Africa’s second-largest platinum...

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.

Aquarius takes $160m Blue Ridge impairment, 'ambles' forward

The ASX-, LSE- and JSE-listed platinum miner Aquarius Platinum has taken a $160-million impairment knock on its currency-hit Blue Ridge Platinum Mine and has also closed. The Blue Ridge impairment and also the Marikana Shaft One closure marred...

Aquarius profit jumps on higher production, prices

Midtier platinum-miner Aquarius on Thursday reported significantly higher net profit of $94,3 million for its half-year ended December 2010 – 23 times more than the corresponding period in the prior year. Aquarius said that revenue jumped 63%...

Blue Ridge mine, South Africa

A 4E PGM mine, situated in South Africa

Aquarius Platinum targets 530 000 oz in FY2011

Midtier platinum-miner Aquarius Platinum, which swung from a loss to a net profit of $27,8-million in the 2010 financial year, plans to increase its attributable platinum-group metals (PGMs) output by 25% to 530 000 oz in the 2011 financial year....

Aquarius may halt Blue Ridge platinum mine for 7 months

The world's fourth-largest platinum producer Aquarius said on Thursday that it had initiated senior management personnel changes and a safety review at its Blue Ridge mine, following two fatalities during the company's fourth quarter. Aquarius...

Aquarius post $23m third-quarter profit, production flat

Midtier platinum-miner Aquarius, which owns operations in South Africa and Zimbabwe, posted a big jump in its third quarter profit as platinum-group metals (PGMs) prices strengthened. The JSE- and ASX-listed Aquarius lifted net profit to...

Aquarius reports 16% increase in Q2 attributable production

The world’s fourth-largest primary platinum producer, Aquarius Platinum, reported on Thursday that attributable platinum group metal (PGM) production had increased by 16% to 112 359 oz in the last three months of 2009. The Kroondal mine...

Johnson Matthey bullish on platinum, palladium, sees deficits

Platinum researcher Johnson Matthey on Tuesday presented a bullish outlook for both platinum and palladium and spoke of deficits being on the way in both metals. Johnson Matthey precious metals marketing director Mark Bedford told Mining Weekly...

Drive manufacturer plans to extend industrial gear range

Drive engineering company SEW Eurodrive South Africa plans to extend local assembly of the X-series range of industrial gear units up to 700 kN/m from the beginning of 2010. This will be especially useful to the mining industry, says SEW Eurodrive...