Aquarius complies with Zim order

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IOL BR mining PIC001 REUTERS File image: Reuters

JSE-listed platinum producer Aquarius Platinum (AQP) on Monday announced that Mimosa, its mining operations in Zimbabwe, complied with the government’s directive to localise funds held in offshore accounts.

In turn, the company said it was not affected by the decision taken by the Reserve Bank of Zimbabwe to suspend the banking services for certain mining companies.

“The localisation of funds in Zimbabwe has to date not had an impact on Mimosa's ability to conduct its business,” the company said. - I-Net Bridge

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