Aquarius Platinum
From Wikipedia, the free encyclopedia
| Aquarius Platinum plc | |
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| Type | Public (LSE: AQP) (ASX:AQP) (JSE: AQP) |
| Founded | 1920 |
| Headquarters | Perth, Australia |
| Key people | Nicholas Sibley, Chairman Stuart Murray, CEO |
| Industry | Mining |
| Revenue | US$709.2 million (2007) |
| Operating income | US$399.7 million (2007) |
| Net income | US$293.6 million (2007) |
| Employees | circa 60 (2007) |
| Website | www.aquariusplatinum.com |
Aquarius Platinum plc (LSE: AQP), (ASX:AQP), (JSE: AQP) is an Australian-based mining business headquartered in Perth. It is a constituent of the FTSE 250.
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[edit] History
The company was established in 1920 as the Mount Monger Gold Mining company to exploit the Kalgoorlie goldfield. In 1984 it was listed on the Australian Stock Exchange.
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.
In 1998 the company entered into an agreement with Impala Platinum Holdings for Impala to buy the whole of its production and in 1999 mining started. The company was listed on the London Stock Exchange in that year.
[edit] Activities
The company's activities are concentrated in the Bushveld Complex in South Africa and Zimbabwe. It operates the following mines:
- Kroondal Mine, South Africa
- Marikana Mine, South Africa
- Everest Mine, South Africa
- Mimosa Mine, Zimbabwe (50% interest)
