Board move
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Tuesday, 26 March, 2002 - 21:00
Aquarius Platinum, preparing to move from the Alternative Investment Market to the full board of the London Stock Exchange before mid-year, has expressed confidence in the health of world platinum markets this week.
The platinum jewellery market, which had grown in the 1990s, was not about to fall away, South-African-based chief executive officer Stuart Murray said.
Ninety per cent of wedding rings purchased in Japan were platinum and China was now consuming 1.3 million ounces annually.
Perth-based chairman Ed Nealon confirmed Aquarius had spurned an offer from major world producer Placer Dome.
The platinum jewellery market, which had grown in the 1990s, was not about to fall away, South-African-based chief executive officer Stuart Murray said.
Ninety per cent of wedding rings purchased in Japan were platinum and China was now consuming 1.3 million ounces annually.
Perth-based chairman Ed Nealon confirmed Aquarius had spurned an offer from major world producer Placer Dome.