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AQUARIUS PLATINUM LIMITED - Sale of Everest Mine Receipt of Part A proceeds - R400 million

Release Date: 26/06/2015 11:30
Code(s): AQP     PDF:  
Wrap Text
Sale of Everest Mine – Receipt of Part A proceeds - R400 million

Aquarius Platinum Limited 
(Incorporated in Bermuda) 
Registration Number: EC26290 ISIN 
Code: BMG0440M1284 
JSE Share Code: AQP 

Sale of Everest Mine  – Receipt of Part A proceeds - R400 million. 
         
Aquarius Platinum Limited (Aquarius) announced on 10 February 2015 that its subsidiary, Aquarius 
Platinum (South Africa ) (Pty) Ltd (AQPSA), had entered into an agreement to sell its entire interest 
in the  Everest Mine and ancillary mining and processing infrastructure and immovable properties to 
Northam Platinum Limited (Northam), for an aggregate cash consideration of R450 million, to be 
completed in two parts, being R400 million for the concentrator and other mining assets of Everest 
Mine (Part A) plus R50 million for the Everest Mining Right (Part B). 
         
Aquarius is pleased to advise that proceeds of R400 million (Part A) was received today.  
       
Part B of the disposal process is subject to the consent of the Minister of Mineral Resources in terms 
of section 11 of the Mineral and Petroleum Resources Development Act. The section 11 application 
has been submitted to the Department of Mineral Resources. 
         
Should the Ministerial Consent not be obtained the first part of the Disposal will not be unwound.   
         
For further information please contact: 
       
                                                              
In South Africa: 
                                                              
Jean Nel 
Aquarius Platinum (South Africa) (Pty) Ltd 
+27 (0) 10 001 2848 
         
In Australia: 
Willi Boehm 
Aquarius Platinum Corporate Services Pty Ltd  
+61 (0) 8 9367 5211 
or visit: www.aquariusplatinum.com 
                                                                         
26 June 2015 
        
Sponsor  
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
  

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