Aquarius Platinum, a producer of the metal in southern Africa, rallied for a second day after the company declared that it’s preparing to reopen its Everest mine in South Africa seven months after closing it. For full story, click here
Aquarius Platinum, a producer of the metal in southern Africa, declared that it’s preparing to reopen its Everest mine in South Africa, seven months after closing it with the loss of almost 2,000 jobs. For full story, click here
Aquarius declared that Rand Merchant Bank, a division of FirstRand Bank Limited has elected to exercise their entitlement to upscale the issue size for the Bonds and consequently ZAR650 million floating rate senior secured convertible bonds have been allocated. For full story, click here
The proposed transaction consists of two phases. In the first phase Aquarius Platinum has intended to acquire the business of Firstplats, comprising mining rights, properties and related fixed and movable mining assets of certain portions of the Brakspruit and Spruitfontein farms in the Bushveld Igneous complex in North West province. For full story, click here
Aquarius Platinum Ltd., the world’s fourth-biggest producer of platinum, reported on Tuesday it swung to a net profit in its third quarter to end-March as higher precious metal prices and a weaker rand outweighed lower output. For full story, click here
Midtier platinum-miner Aquarius Platinum plans to raise between $233-million and $249-million through an equity capital raising and a convertible bond issue to help fund its proposed acquisition of Ridge Mining. For full story, click here
Aquarius Platinum Ltd., the world’s fourth-largest platinum producer declared that the company will raise as much as $249 million from bond and share sales to pay for its proposed acquisition of Ridge Mining Plc. For full story, click here
Aquarius Platinum Ltd (AQP.L) plans to make an all-share bid for Ridge Mining Plc (RDG.L) valuing the firm at 63.9 million pounds ($90.37 million) to expand its resource base and output. For full story, click here
Aquarius Platinum has stepped up its move on Ridge Mining, signing a letter of intent for an all-share bid for the UK-listed miner. For full story, click here
Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
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