Aquarius Platinum

Northam Platinum sells Booysendal South mineral rights to Aquarius

South Africa's Northam Platinum (NHMJ.J: Quote) said on Wednesday it would sell part of the mineral rights for its Booysendal property to Aquarius Platinum (AQP.L: Quote) for 1.2 billion rand ($180.6 million).

Northam said Aquarius would buy the mineral rights attached to the southern part of Booysendal, which is adjacent to Aquarius' own Everest mine.

Aquarius Platinum to pay $109.7m for 74% of Afarak Platinum

Aquarius Platinum (AQP.L: Quote), the world's fourth-largest primary platinum producer, said it would buy 74 percent of Afarak Platinum for $109.7 million to build up its reserves of the precious metal and cash in on rising prices.

Spot platinum prices XPT= gained over 20 percent in 2010 and are expected to continue rising this year as risk aversion and low interest rates boost their allure.

Aquarius Platinum: 1,000,000 fatality-free shifts at both Kroondal and Everest

Aquarius Platinum South Africa (Proprietary) Limited ("AQPSA") is pleased to announce that two of its operations have simultaneously achieved one million fatality-free shifts.

The Everest Mine reached this milestone on 1 March 2011 for the first time since commencing operations in 2004, while the Kroondal Mine achieved it once again on 4 March 2011.

Aquarius Platinum Zimbabwe unit sees higher output

Output at Aquarius Platinum's Zimbabwe mining joint venture will reach capacity of 200,000 ounces in the year to end-June and there are no immediate expansion plans, the company said on Monday. Engineering and Mining Journal reports: