Aquarius halts operations at Marikana due to low prices

Aquarius Platinum has revealed that its operations with its Marikana Pooling and Sharing Agreement (P and SA2) are being put on hold as a result of the ongoing low PGM (platinum group metals) basket price.

Aquarius Platinum has revealed that its operations with its Marikana Pooling and Sharing Agreement (P and SA2) are being put on hold as a result of the ongoing low PGM (platinum group metals) basket price.

"Trading conditions in the platinum industry are expected to remain difficult in the short to medium term and these conditions have rendered the operations at the P&SA2 uneconomic," the company said.

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