Bushveld Minerals is a diversified African mining company with interests in vanadium, titanium, iron ore and thermal coal. The company was founded in 2004 and has operations in South Africa, Zimbabwe, Ghana and the Democratic Republic of Congo. Bushveld Minerals is listed on the London Stock Exchange AIM market (ticker: BMN).
Bushveld Minerals’ flagship asset is the Vametco vanadium mine and processing plant in South Africa’s Bushveld Complex. Vametco is one of the world’s largest primary vanadium producers with an annual production capacity of 3,800 metric tonnes of vanadium pentoxide (V2O5). The mine is located approximately 220 kilometers from Johannesburg.
Bushveld Minerals is a diversified mineral development company with interests in vanadium, titanium, iron ore and tin. The Company’s flagship asset is the Bushveld Complex in South Africa, one of the world’s richest mineral deposits.
Bushveld Minerals is listed on the AIM market of the London Stock Exchange (ticker: BMN), and its headquarters are in London, United Kingdom.
The story of Bushveld Minerals begins with the formation of the Bushveld Igneous Complex – a 2.5 billion year old geological structure that is home to some of the world’s richest reserves of minerals.
The Complex was first discovered in 1919 by Hans Merensky, a pioneering geologist who went on to found Anglo American plc, one of South Africa’s largest companies.
Since then, extensive exploration and mining has taken place at the Bushveld Complex, which today is one of the world’s leading producers of vanadium, titanium and iron ore.
In recent years, Bushveld Minerals has been working to develop new mines and processing facilities at the Complex to tap into growing global demand for these strategic metals.
The Company also holds a portfolio of high-quality tin assets in southern Africa through its subsidiary Lemur Resources Ltd (ASX: LMR). These projects are at an early stage but have significant potential given their proximity to existing infrastructure and known mineralisation styles.
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Is Bushveld Minerals a Good Investment?
Bushveld Minerals is a good investment. The company has been in business since 2006 and is headquartered in South Africa. They are a producer of vanadium, titanium, iron ore, and other minerals.
They have operations in South Africa, Zimbabwe, Botswana, and the Democratic Republic of Congo. The company also has a joint venture with Glencore International plc. Bushveld Minerals is listed on the London Stock Exchange AIM market under the ticker BULM.
As of June 2019, the market capitalization was GBP 464 million (US$ 590 million).
The company’s flagship asset is the Vametco mine which is located in South Africa’s Bushveld complex. The Vametco operation consists of an integrated processing plant and two open-pit mines – Vametco and Brits – which share a common processing facility.
The Vametco mine has been in production since 2011 and has an estimated lifespan of 20 years at current production levels. In 2018, the Vametco operation produced 3,267 tonnes of vanadium pentoxide (V2O5) which was 8% higher than 2017 levels due to improved plant performance and increased feed grade from the Brits Mine.
What is Bushveld Minerals?
Bushveld Minerals is a diversified African mining company with interests in vanadium, titanium, iron ore and coal assets. The Company is headquartered in London, United Kingdom and listed on the AIM Market of the London Stock Exchange under the ticker “BMN”.
The Company’s vision is to be the leading pan-African diversified resource company.
Bushveld Minerals Limited (“Bushveld Minerals”, “Bushveld” or the “Company”) is a low cost integrated primary producer of vanadium, titanium oxide (TiO2) feedstock and iron ore concentrate. The Bushveld Complex in South Africa hosts one of the world’s largest reserves of vanadium along with high grades of titanium, iron ore and chromium.
In terms of value creation potential for shareholders over time, Bushveld sees itself as an emerging leader within its sector given:
-The quality of its large mineral endowment which provides significant scale economies;
-Its strategic location close to major global markets;
-A well developed physical infrastructure; and
-An experienced team with extensive networks across Africa.
What’S Happening to Bushveld Minerals?
Bushveld Minerals is a diversified African mining company with interests in vanadium, tin, coal, titanium and other minerals. The company is listed on the AIM market of the London Stock Exchange and Johannesburg Stock Exchange.
The company was founded in 2006 by Anthony Viljoen and Pieter Schalkwyk.
Bushveld Minerals’ vision is to be the leading primary producer of vanadium and other critical strategic minerals essential for enabling a low carbon future.
The company has operations in South Africa, Zimbabwe, China and Mozambique. In South Africa, Bushveld Minerals owns 74% of Vametco Holdings (Pty) Ltd which operates the Vametco mine and processing plant near Brits in the North West Province of South Africa.
The Vametco operation comprises an underground mine feeding a primary processing plant that produces vanadium pentoxide flake (‘V2O5’) used primarily as a chemical intermediate for making ferrovanadium – an additive used in steel production that strengthens steel whilst reducing weight.
Zimbabwean operations are through Bushveld’s 80% interest in BVZ Holdings Limited which includes three Vanadium mines: Luise, Mucheke 1&2 as well as an operating processing plant situated 20km from Mutare town centre calledMutare Ferrochrome Plant (MFP). The MFP processes tailings material from the Luise Mine to produce high purity ferrovanadium while also reprocessing historical tailings dams at Mucheke 1&2 to recover residual V2O5 values.
In May 2019, Bushveld Minerals agreed to sell its 70% stake in Lemur Resources Ltd to EMR Capital Pty Ltd for $102 million (£81 million). Lemur Resources Ltd is an emerging thermal coal producer with its flagship Imaloto Coal Project located adjacent to Madagascar’s key northern port city Diego Suarez. The transaction will enable Bushveld Minerals to focus on developing its core battery metals portfolio including vanadium, power storage solutions using vanadium redox flow batteries (“VRFB”) and electric vehicles enabled by VRFB technology.
Where is Bushveld Minerals Located?
Bushveld Minerals is a diversified mineral development company with a portfolio of vanadium, titanium, iron ore and coal assets in South Africa, Zimbabwe and the Republic of Congo. The company was founded in 2007 and has its headquarters in London, United Kingdom.
Bushveld Minerals’ flagship asset is the Mokopane Vanadium Project located in the Bushveld Complex in South Africa.
The Bushveld Complex is the world’s largest known deposit of vanadium. The Mokopane Vanadium Project comprises three properties: Selous Metallurgical Complex, Vametco Alloys and Brits Vanadium Tailings Retreatment Plant.
The Selous Metallurgical Complex is an integrated mining and processing plant that produces vanadium pentoxide (V2O5) flakes used as a feedstock for the production of ferrovanadium (FeV), a key ingredient in steelmaking.
The Vametco Alloys smelter produces ferrovanadium using V2O5 flakes produced at the Selous Metallurgical Complex as feedstock. Brits Vanadium Tailings Retreatment Plant processes tailings from historical operations to produce V2O5 flake concentrate.
In addition to the Mokopane Vanadium Project, Bushveld Minerals also owns 64% of Lemur Resources Ltd., which is developing the Imaloto Coal Project located in Madagascar.
BUSHVELD MINERALS LIMITED – Corporate Update
Bushveld Minerals Share Price
Bushveld Minerals is a diversified African miner with assets in South Africa, Zimbabwe and the DRC. They produce vanadium, tin and coal. The company has been listed on the London Stock Exchange since 2011.
The Bushveld share price has been volatile in recent years but has shown some signs of stabilising in 2019.
The Bushveld share price fell sharply in early 2018 as commodity prices came under pressure. However, the shares have recovered somewhat this year and are now trading at around 30p.
This is still well below the 52 week high of 48p but represents a significant improvement from the lows seen last year.
Investors will be hoping that Bushveld can continue to deliver strong results despite challenging market conditions. The company has a solid track record and is one of the leading producers of vanadium, which is used in steel production.
With China expected to drive continued demand for steel, Bushveld should benefit from this tailwind over the longer term.
Conclusion
Bushveld Minerals is a diversified African minerals producer and developer with a primary focus on vanadium and other related energy minerals. The company also has interests in coal, titanium, iron ore and manganese. Bushveld Minerals is listed on the AIM market of the London Stock Exchange (AIM: BMN) and its headquarters are in Johannesburg, South Africa.
Bushveld Minerals’ primary asset is the Mokopane Vanadium Project which comprises three high-grade vanadium deposits in the Limpopo province of South Africa. The Mokopane Vanadium Project covers an area of approximately 30,000 hectares and includes the Vametco, Brits and Loolekop vanadium deposits which have combined Measured, Indicated & Inferred resources totalling 191Mt at an average grade of 1.11% V2O5 using a 0.55% V2O5 cut-off1.
In March 2018, Bushveld acquired controlling stakes in two integrated energy minerals companies – Highveld Steel & Vanadium Corporation Limited (in business rescue) (‘Highveld’) and Vanchem Performance Chemicals Proprietary Limited (‘Vanchem’).
The transactions give Bushveld a vertically integrated platform from which to supply value-added products to global markets as well as providing feedstock security for its own downstream processing operations.
