Northam Platinum sells Booysendal South mineral rights to Aquarius

South Africa’s Northam Platinum (NHMJ.J: Quote) said on Wednesday it would sell part of the mineral rights for its Booysendal property to Aquarius Platinum (AQP.L: Quote) for 1.2 billion rand ($180.6 million).

Northam said Aquarius would buy the mineral rights attached to the southern part of Booysendal, which is adjacent to Aquarius’ own Everest mine.