Reuters reported that Aquarius Platinum, which is the fourth largest platinum producer in the world, was able to bring down costs by over 30%, sending its shares to as much as 10% despite a 24% drop in core profits.
Mining Weekly reported Aquarius Platinum (LSE:AQP,ASX:AQP) reduced its net loss to $19.6-million in the September quarter.
Reuters reported Aquarius Platinum (LSE:AQP) CEO, Stuart Murray has resigned effective immediately.
Reuters reported Aquarius Platinum (LSE:AQP) has suspended operations at its Kroondal platinum mine near Rustenburg in South Africa until Sept. 16.
Mining Weekly reported Aquarius Platinum (ASX:AQP,LSE:AQP,JSE:AQP) resumed production at Kroondal’s Kwezi shaft after an attack left three dead and 20 injured.
Mining Weekly reported Aquarius Platinum (LSE:AQP) said its fourth quarter production increased slightly to 98,143 oz of platinum, palladium, rhodium and gold.
Mining Weekly reported the AMCU has asked Aquarius Platinum (LSE:AQP,ASX:AQP) to reopen its Everest mine in South Africa.
Mining Weekly reported Sylvania Platinum (LSE:SLP,ASX:SLP) is optimistic about extracting ore cheaply from the Everest North deposit.
Bloomberg reported Asian stocks declined as Europe's economic crisis weighed heavily on the stocks.
Reuters reported Aquarius Platinum (ASX:AQP,LSE:AQP) has closed its second mine as the industry struggles with low prices and high costs in South Africa.
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