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Aquarius Platinum Releases Results of AGM and Operations Update

03 Dec 2012  |  20:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Results of AGM and Operations Update

Aquarius Platinum advised the resolutions placed before shareholders at the AGM of the Company on 30 November 2012 which were approved. The Company also provide an update on operations, reporting that in Zimbabwe, the Mimosa mine continues to perform well and remains on track to deliver its forecast production levels; the potential acquisition by Aquarius of the Booysendal mining rights from Northam Platinum remains subject to the conclusion of certain conditions precedent, most notably the approval by the Department of Mineral Resources, as previously advised; and the South African industrial relations environment has improved since the end of the September quarter allowing the Company to continue the rollout of its initiatives to improve productivity at the Kroondal mine.

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