Aquarius Platinum is looking to boost its attributable pgm production by more than 100,000 oz in its next financial year.

The world's fourth-largest platinum producer recorded output of 422,645 oz for the 12 months to 30th June, but hopes to push this figure to 530,000 oz for fiscal 2011.

Chief Executive Stuart Murray revealed that the total will be comprised of 220,000 oz from the Kroondal mine, 120,000 oz from Everest, 80,000 oz from Marikana and 100,000 oz from Mimosa in Zimbabwe.

Furthermore, he predicted that Everest, which was reopened in May after being closed in December 2008 due to flagging pgm prices, could push output to a steady state of between 190,000 oz and 205,000 oz.

The projections have been made despite Mr Murray conceding that the South African platinum industry as a whole could witness a decline in production during the financial year.

Aquarius Platinum, which has its headquarters in Bermuda, is currently listed on the London Stock Exchange, the Australian Stock Exchange and the Johannesburg Stock Exchange.

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