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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   30/01/2014
 
Aquarius to dispose of non-core assets
 

Aquarius Platinum Limited has agreed to dispose of two non-core assets that do not form part of the Group's planned production profile. The sales are subject to completion of specific conditions precedent as outlined in the summary below. 
 
With regard to Kruidfontein prospecting rights Aquarius has agreed terms to dispose of 100% of the shares held in its indirect subsidiary, C&L Mining and Resources (Pty) Limited to Pilanesberg Platinum Mines (Pty) Ltd, a subsidiary of Sedibelo Platinum Mines Limited (previously Platmin Limited) for US$30 million in cash. 

The Kruidfontein licence area is north of the Pilanesberg. Kruidfontein contains 45.40 million 4E PGM ounces comprising 4.29 million ounces of indicated and 41.11 million ounces of inferred PGM resources before geological loss adjustments.

Aquarius has also agreed to dispose of all its indirect interests in Blue Ridge Platinum (Pty) Ltd and Sheba’s Ridge Platinum (Pty) Ltd to a consortium led by the China National Arts & Crafts (Group) Corporation for a total
consideration of $37 million in cash. 
 
The sale agreement is subject to a number of conditions, primarily: Chinese Government approvals, South Africa Competition Commission approval and a number of DMR regulatory approvals.  The outside date for the fulfilment of the conditions precedent has been fixed at 30 June 2014, but may be extended if required, by agreement between the parties.
For more info on this company, see Aquarius Platinum


 
 
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