Aquarius Platinum

Last updated
Aquarius Platinum plc
Public (LSE:  AQP)
(ASX:  AQP)
(JSE: AQP)
Industry Mining
Founded 1920
Headquarters Bermuda
Key people
 Nicholas Sibley, Chairman
Jean Nel, CEO
Revenue $682.9 million (2011) [1]
$203.2 million (2011) [1]
$(10.4) million (2011) [1]
Website www.aquariusplatinum.com

Aquarius Platinum plc is a Bermuda-registered and headquartered mining business.

Bermuda British overseas territory in the North Atlantic Ocean

Bermuda is a British Overseas Territory in the North Atlantic Ocean. It is approximately 1,070 km (665 mi) east-southeast of Cape Hatteras, North Carolina; 1,236 km (768 mi) south of Cape Sable Island, Nova Scotia; and 1,759 km (1,093 mi) northeast of Cuba. The capital city is Hamilton. Bermuda is self-governing, with its own constitution and its own government, which enacts local laws, while the United Kingdom retains responsibility for defence and foreign relations. As of July 2018, its population is 71,176, the highest of the British overseas territories.

Contents

Aquarius was quoted on the London Stock Exchange, the Australian Stock Exchange and the Johannesburg Stock Exchange and also had a sponsored Level 1 ADR program in the United States until it was acquired by Sibanye Gold in April 2016.

London Stock Exchange stock exchange in the City of London

London Stock Exchange is a stock exchange located in the City of London, England. As of April 2018, London Stock Exchange had a market capitalisation of US$4.59 trillion. It was founded in 1571, making it one of the oldest exchanges in the world. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. It is part of London Stock Exchange Group (LSEG).

United States federal republic in North America

The United States of America (USA), commonly known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.

History

The company was established in 1920 as the Mount Monger Gold Mining company to exploit the Kalgoorlie goldfield. [2] In 1984 it was listed on the Australian Stock Exchange. [2]

In 1995 it acquired Gemex Exploration & Mining Company and Randex Platinum Holdings and in 1996 it acquired Pacific Platinum so giving it control of the Kroondal Mine. [2]

In 1998 the company entered into a strategic alliance with Impala Platinum Holdings. [2] The company was first listed on the London Stock Exchange in that year. [2]

In 2003 the company entered into an agreement with Anglo Platinum to pool and share certain mining interests. [3]

In 2012, large scale mining protests across South Africa caused violent labour unrest and prompted the firm’s CEO, Stuart Murray, to resign. [4]

In February 2013, Aquarius appointed former Anglo American director Sonja de Bruyn Sebotsa to its board of directors. De Bruyn Sebotsa would also assume the role of chairperson of Aquarius’ local subsidiary Aquarius Platinum South Africa. [5]

In April 2016 the company was acquired by Sibanye Gold. [6]

Operations

The company's activities are concentrated in the Bushveld Complex in South Africa and Zimbabwe. It operates the following mines:

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References

  1. 1 2 3 Preliminary Results 2011
  2. 1 2 3 4 5 "FindArticles.com | CBSi". findarticles.com. Retrieved 2017-09-01.
  3. ↑ Anglo Platinum and Aquarius Platinum to jointly mine adjacent Rustenburg and Kroondal properties Archived July 22, 2006, at the Wayback Machine . Anglo Platinum, 9 June 2003
  4. ↑ Another platinum CEO quits, Aquarius shares fall, South America: Mining Weekly, 2012, retrieved 18 October 2012
  5. ↑ Aquarius appoints new board member, South Africa: Mining Weekly, 2013
  6. ↑ "Sibanye Gold Agrees To Buy Aquarius Platinum For $294 Million". Kitco. 6 October 2015. Retrieved 13 May 2016.
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