Aquarius pulled down by poor outlook

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.

File image: Reuters. Credit: REUTERS

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