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Aquarius Says Mimosa Got Letter From Minister Rejecting Plan

Aug. 22 (Bloomberg) -- Aquarius Platinum Ltd. said its Zimbabwean subsidiary, Mimosa Holdings, received a letter on Aug. 19 from the Minister of Youth Development, Indigenisation and Empowerment that, inter alia, rejects the proposed plan for indigenisation submitted by Mimosa and requires that Mimosa submit a revised proposal by the end of August. “Mimosa’s senior management remains in discussions with all of the various relevant Zimbabwean authorities,” Aquarius said in a regulatory filing.

Link to Statement:{NSN LQB2WD3PR6RL <GO>}

Link to Company News:{AQP AU <Equity> CN <GO>}

To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net

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