Aquarius Platinum said that all the staff who had been trapped in its Mimosa mine in Zimbabwe had been safely evacuated.
The firm's shares fell 6% after news of a fire at the 50-50 joint venture between Aquarius and South Africa's Impala Platinum Holdings.
The blaze was caused when a conveyor belt in the main decline ignited, the FTSE 250 company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The majority of the workforce was evacuated following the incident but 75 employees had been trapped overnight due to low visibility.
"At this stage, the extent of the damage and impact on production cannot be ascertained," Aquarius said.
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
