viewBushveld Minerals Ltd

Bushveld Minerals finds potential partner for Mokopane tin project

A deal would see VBKom provide capital and technical support in return for a stake that will not exceed 50%.

picture of tin
Mokopane will cost US$16mln to get up and running

Bushveld Minerals Limited (LON:BMN)  has signed a Memorandum of Understanding for its Mokopane tin project with South African group VBKom.

The consultant will carry out due diligence ahead of a possible agreement to provide capital investment and technical support for the development of the Groenfontein and Zaaiplaats deposits.

A binding deal would see VBKom provide capital and technical support in return for a stake that will not exceed 50%.

The MoU provides for VBKom to conduct due diligence on the Mokopane tin project for a period to 31 January.

A scoping study on the deposits at Mokopane in 2014 indicated an initial 691,000 tons per annum Run-of-Mine operation, producing 700 tons of tin each year to  generate a pre-tax return of 34.6% using a long-term tin price of $22 928/ton (current: $21 610/ton). Capital expenditure to build the mine would US$16mln.

Fortune Mojapelo, Bushveld Minerals’ chief executive, said: “The signed MoU, which introduces a credible potential technical and financial partner for the Mokopane tin project.” 

Quick facts: Bushveld Minerals Ltd

Price: 19.1 GBX

Market: LSE
Market Cap: £227.59 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bushveld Minerals Ltd named herein, including the promotion by the Company of Bushveld Minerals Ltd in any Content on the Site, the Company...


Bushveld Minerals is back to full production, reporting a 31% increase in...

Fortune Mojapelo, chief executive of Bushveld Minerals Ltd (LON:BMN), caught up with Proactive's Katie Pilbeam about the results for the third quarter to end September 2020. Mojapelo talks through the highlights, such as third-quarter production jumping 31% to 1,019 mtV compared to the...

on 26/11/20

2 min read