Aquarius confident over Zimbabwe future 27th March 2007

Aquarius Platinum has announced it remains confident in the future of mining in Zimbabwe amid increasing political turmoil.

In the last month reports of violent clashes between the rival political parties has prompted questions as to whether mining in the country remains a viable proposition.

However, Nick Bias, Aquarius' Investor Relations Coordinator, told Mining Weekly: "We are commercial operators and do not get involved in politics. We continue to operate and believe in our 50 per cent-owned Mimosa mine, which is one of the lowest cost and most efficient platinum mines globally."

The latest confirmation of the mid-tier platinum producer's commitment to its Mimosa mine comes after it recently signalled it is going ahead with plans for the $23 million Wezda phase five expansion of its operations.

Last week, the company announced that director Patrick Quirk would be resigning from the company to concentrate on private business interests.

Aquarius recently revealed that it expected its combined output of platinum group metals and gold to exceed 700,000 oz over the next three years - a rise of 50 per cent.

Ÿ Adfero Ltd



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