Aquarius pulled down by poor outlook

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IOL BR mining PIC001 REUTERS File image: Reuters

Johannesburg - Johannesburg-listed shares of Aquarius Platinum fall over 6 percent to 9 rand after production in the final quarter of 2012 disappointed, rising just 2 percent.

The mid-tier producer is also warning that cash generation remains “constrained” at current spot prices.

The world's fourth largest platinum producer, which mothballed two of its mines in 2012, says almost all project and growth capital is on hold pending improved market conditions. - Reuters

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