Following approvals from the South African Competition Tribunal and the SARB (South African Reserve Bank), the 420 million rand consideration for 50 percent of the issued share capital of Platinum Mile will now be paid, the company said in a statement.
Platinum Mile, which operates in South Africa's North West province, processes mine tailings from which it currently produces around 20,000 ounces of platinum group metals annually.
Aquarius has most of its operations in South Africa and is listed on stock exchanges in Johannesburg, Sydney and London. Its shares were trading down 3.19 percent at 121.01 rand on Wednesday on the Johannesburg Stock Exchange. (Reporting by Serena Chaudhry; Editing by Paul Simao)
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