2nd Oct 2015 07:42
LONDON (Alliance News) - Aquarius Platinum Ltd on Friday said it has secured approval to complete the second part of its sale of the Everest Mine and ancillary mining and processing infrastructure and immovable properties in South Africa.
Aquarius Platinum (South Africa) Pty Ltd struck a deal in February to sell the assets to Northam Platinum Ltd for an aggregate ZAR450.0 million.
The second part of the deal, involving the sale of the mining right, has now become unconditional after South African authorities approved the transfer to Northam.
Shares in Aquarius were up 3.5% to 7.05 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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