aquariusStock races on Mimosa release

Aquarius Platinum advanced the most in more than two months yesterday after saying its Mimosa mine in Zimbabwe was unaffected by a restriction on banking services for exporters, and as the platinum price rose for a second day. The shares closed 10.34 percent up at R9.82 while the JSE’s platinum mining index added 2.38 percent. A directive by the Reserve Bank of Zimbabwe regarding the suspension of banking services for certain mining companies only applied to those that failed to comply with an earlier directive to localise funds held in offshore foreign currency accounts, Aquarius said. Mimosa, which is a joint venture with Impala Platinum, had complied with the directive, it said. – Bloomberg