SA competition body recommends approval of Ridge-Aquarius deal

South Africa’s Competition Commission on Monday recommended that the Tribunal approve the merger between mid-tier miner Aquarius Platinum and platinum junior Ridge Mining. Aquarius plans to acquire the entire issued share capital of Ridge, in...

Blue Ridge platinum mine ships first concentrate – Ridge Mining

The Blue Ridge platinum mine near Groblersdal on Monday delivered its first concentrate to Impala Refining Services, junior platinum-miner Ridge Mining announced. The mine is due to reach its full yearly capacity of 125 000 oz of platinum,...

Aquarius inks implementation deal with takeover target Ridge

Midtier platinum-miner Aquarius Platinum and its takeover target Ridge Mining on Friday announced in a joint statement to shareholders that they had signed an implementation agreement, following which Aquarius would make an all-share offer for...

Ridge Mining posts 24% profit increase

Despite the difficult trading environment that started facing the platinum sector at the end of 2008, Aim-listed Ridge Mining on Thursday posted a net profit of $16,6-million for the year ended December 31, 2008, up 24% from the $13,4-million...

Aquarius unveils plans to raise $249m related to Ridge acquisition

Midtier platinum-miner Aquarius Platinum on Thursday announced plans to raise between $233-million and $249-million through an equity capital raising and a convertible bond issue, to fund plans that formed part of its proposed acquisition of Ridge...

Ridge Mining says Blue Ridge closed out hedge

Aim-listed Ridge Mining, announced on Wednesday that its subsidiary platinum-miner Blue Ridge Platinum has closed out its hedging arrangements and generated R541-million in the process. However, Blue Ridge Platinum would require a further...

Ridge in ‘advanced' talks with Implats, ARM to build SA smelter

London-listed Ridge Mining would undertake a bankable feasibility study into a new shared independent smelting facility in South Africa, after initial studies showed that the country did not have sufficient capacity to process the 600 000 t/y of...

Platinum junior completes hedging programme

Ridge Mining, the platinum junior codeveloping the Blue Ridge mine, has sold some 5% of production of the mine's three main metals on forward contracts, it said on Thursday. The company completed its hedging programme at a time when...

Blue Ridge’s resource boosted 72% with completion of Millennium deal

Blue Ridge Platinum, a 50%-owned subsidiary of London-listed Ridge Mining, has completed the acquisition of SouthernEra Mining and Exploration South Africa (Semex) from a subsidiary of Lonmin. Ridge Mining said on Monday that this acquisition had...

R715m project finance secured for Blue Ridge platinum mine

Platinum company Blue Ridge, jointly owned by Blue Ridge Platinum and Imbani Platinum, has signed loan agreements for the provision of R715-million worth of project finance for the development of its platinum group-metals (PGMs) mine on the...

PGE mine progresses towards production

UK company Ridge Mining has moved forward with the first blast at its Blue Ridge mine located on the Blaauwbank farm, about 30 km southeast of Groblersdal on the eastern limb of the Bushveld Complex.

Ridge Mining revises revenue forecast on ruthenium prices

London-listed Ridge Mining has scaled up the production forecast at its Blue Ridge project, in South Africa, and said on Thursday that it expected an additional $10-million in revenue a year from higher prices of the platinum-group metal (PGM)...