Bushveld’s half-year results show revenue at US$47mln
Bushveld is one of South Africa's major producers of vanadium
Company
LON:BMN
Bushveld Minerals Limited is a low-cost, vertically integrated primary vanadium producer. It is one of only three operating primary vanadium producers, owning 2 of the world’s 4 operating primary vanadium processing facilities. The company's target is to organically grow production to more than 8,400 mtVp.a. in the medium term.
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Bushveld is one of South Africa's major producers of vanadium
“More than the production volume improvements, it is positive to see improved operational stability at Vametco," said chief executive Fortune Mojapelo
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Revenues were affected by a weak vanadium price during the year
The answer: almost completely, at least for the immediate-term.
Production in the first quarter was hit by the 35-day maintenance shutdown, which was implemented to improve on the reliability and performance issues experienced in the past
Of the next generation of batteries, lithium-ion and vanadium redox are the most common
Bushveld is a major player in vanadium production in South Africa
“The impact, if any, of these five days of industrial action on production will be provided in the upcoming quarterly production report,” Bushveld said
Industrial relations are a hot-button issue in South Africa, but the rising vanadium price gives Bushveld room for manoeuvre
Enerox is a vanadium redox flow battery manufacturer, providing energy storage solutions
Despite cranking out the vanadium at increasing rates during 2020, ore reserves have not reduced significantly, according to the latest mineral resource estimate for the Vametco vanadium mine
Bushveld is hoping to increase vanadium production significantly following completion of Vanchem deal
Orion Mine Finance will become a significant investor in vanadium producer Bushveld
Bushveld is a major player in world vanadium production
"I am delighted with the progress of the Vametco mini-grid project,” said Fortune Mojapelo, Bushveld chief executive
Bushveld is one of the world's leading vanadium production companies
Bushveld noted a 54% drop in the prevailing vanadium price
“VERL is an excellent means of giving our customers the option to reduce the capex of their energy storage system," said Larry Zulch, chief executive of Bushveld partner Invinity
"We have been able to ramp up operations, however, the virus remains present within our society,” said chief executive Fortune Mojapelo