Aquarius Platinum exhorts other platinum producers to mothball shafts

Wednesday, 04 July 2012 14:38

Written by Editor

In an operational update, Aquarius Platinum notes that material surpluses of PGMs, and platinum in particular, are likely to persist in the short to medium term, which is why it mothballed its Marikana and Everest mines. The update exhorts other platinum producers to follow and do the same, viz.: “We seem to be one of the few companies … willing pro-actively to take the required tough decisions to close the mines that need to be placed on care and maintenance. I would hope that the other industry players follow suit and cut the unneeded production that is depressing the industry."

• Read Aquarius’ full operational update at Arive.De

• Read as well, ‘Heads may roll in platinum revamp’, at Miningmx

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