Aquarius says PGMs production will miss target

Platinum miner Aquarius Platinum said on Monday it could produce some 40 000 oz less platinum group metals in the full year than previously foreseen, as the impact of work stoppages hurts output at the number four platinum producer. In an...

Aquarius shares fall as quarterly output drops 7%

Johannesburg- and London-listed Aquarius Platinum on Monday reported a 7% quarter-on-quarter production drop as ongoing Section 54 safety stoppages, seasonal absenteeism, labour ‘go-slows’ and poor ground conditions negatively impacted...

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...

Aquarius CEO slams safety stoppages as output falls

World number-four platinum miner Aquarius Platinum CEO Stuart Murray has criticised the increasing number of safety stoppages in South Africa and said the country has become a “difficult place” to operate in. The ASX-, LSE- and JSE-listed...

Aquarius swings to loss on adverse forex moves, weaker output

ASX-, LSE- and JSE-listed Aquarius Platinum on Thursday reported a quarterly loss owing to adverse foreign exchange moves and lower precious metals production as a result of operational problems. The company posted a loss of $91.8-million in the...

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 boosts Q4 output 3%, but SA volumes fell short

he world’s fourth-largest platinum miner Aquarius Platinum increased its attributable production by 3% year-on-year to 114 260 platinum group metal (PGM) ounces, but CEO Stuart Murray said on Tuesday volumes from South African operations fell...

Simmers goes into its shell, sheds high-profile directors

The JSE-listed Simmer & Jack (Simmers), which has been reduced to a shell, has shed all those high-profile directors that hit past headlines. It is all about Village Main Reef now, which has soaked up all Simmers' main gold and uranium assets and...

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,...

Aquarius increases output by 24%

Platinum miner Aquarius Platinum on Friday reported a 24% increase in production from its South African operations for the quarter ended March. The miner said that during the third quarter ended March, attributable production increased to 118 877...