Aquarius Platinum
{{Use dmy dates|date=November 2019}}
{{Infobox company
| name = Aquarius Platinum plc
| logo = AquariusPlatinum Ltd Logo.PNG
| type = Public ({{lse|AQP}})
({{asx|AQP}})
({{JSE|AQP}})
| foundation = 1920
| location = Bermuda
| key_people = Nicholas Sibley, Chairman
Jean Nel, CEO
| industry = Mining
| products =
| revenue = $682.9 million (2011)[http://aquariusplatinum.com/sites/aquariusplatinum.com/files/20110811_AQP_FY_2011_vFINAL.pdf Preliminary Results 2011]{{Dead link|date=December 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
| operating_income = $203.2 million (2011)
| net_income = $(10.4) million (2011)
| num_employees =
| parent =
| subsid =
| homepage = [http://www.aquariusplatinum.com www.aquariusplatinum.com]
| caption =
| footnotes =
}}
Aquarius Platinum plc is a Bermuda-registered and headquartered mining business.
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.
History
The company was established in 1920 as the Mount Monger Gold Mining company to exploit the Kalgoorlie goldfield.{{Cite web|url=http://findarticles.com/p/articles/mi_gx5202/is_1992/ai_n19122095|title=FindArticles.com {{!}} CBSi|website=findarticles.com|access-date=2017-09-01}} 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 a strategic alliance with Impala Platinum Holdings. The company was first listed on the London Stock Exchange in that year.
In 2003 the company entered into an agreement with Anglo Platinum to pool and share certain mining interests.[http://www.angloplatinum.com/def_main.asp?Id=press/display.asp&Related=true&Id2=113 Anglo Platinum and Aquarius Platinum to jointly mine adjacent Rustenburg and Kroondal properties] {{webarchive|url=https://web.archive.org/web/20060722223215/http://www.angloplatinum.com/def_main.asp?Id=press%2Fdisplay.asp&Related=true&Id2=113 |date=July 22, 2006 }} Anglo Platinum, 9 June 2003
In 2012, large scale mining protests across South Africa caused violent labour unrest and prompted the firm’s CEO, Stuart Murray, to resign.{{Citation
| url = http://www.miningweekly.com/article/another-platinum-ceo-quits-aquarius-shares-fall-2012-10-08
| title= Another platinum CEO quits, Aquarius shares fall
| year = 2012
| publisher = Mining Weekly
| publication-place = South America
| accessdate = 18 October 2012
}}
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.{{Citation
| url = http://www.miningweekly.com/article/aquarius-appoints-new-board-member-2013-02-08
| title = Aquarius appoints new board member
| year = 2013
| publisher = Mining Weekly
| publication-place = South Africa
}}
In April 2016 the company was acquired by Sibanye Gold.{{cite web|url=http://www.kitco.com/news/2015-10-06/Sibanye-Gold-Agrees-To-Buy-Aquarius-Platinum-For-294-Million.html|title=Sibanye Gold Agrees To Buy Aquarius Platinum For $294 Million|date=6 October 2015|publisher=Kitco|accessdate=13 May 2016}}
Operations
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)
References
{{reflist|30em}}
External links
- [http://www.aquariusplatinum.com Official site]
{{Mining companies of Australia}}
Category:Mining companies of Australia
Category:Platinum mining companies
Category:Companies based in Perth, Western Australia
Category:Non-renewable resource companies established in 1920
Category:1920 establishments in Australia
Category:Companies listed on the Johannesburg Stock Exchange