Bushveld plans to spin off standalone tin listing
JOHANNESBURG (miningweekly.com) – Diversified mineral development company Bushveld Minerals, which has a Southern African portfolio of vanadium, tin, coal, titanium and iron-ore assets, is taking steps to demerge its tin assets into a standalone tin listing on the London Aim.
The principal tin assets of the Bushveld group are the Mokopane tin project and the Zaaiplaats tin tailings project in South Africa, and the Uis Tin project in Namibia.
AfriTin Mining, which will house Bushveld’s tin resources, has near-term production potential at Uis Tin in Namibia.
The listing would provide for a raising of equity capital for the acquisition of the remaining 50.5% of Dawnmin, which indirectly owns 85% of Uis Tin.
Bushveld will retain a 15% shareholding in AfriTin, which will be headed by CEO Anthony Viljoen, 40, who was instrumental in the development and listing on the Australian Stock Exchange of Lemur Resources, a coal project in Madagascar.
Bushveld shareholders, who must approve of the plan at a general meeting in Guernsey on October 20, will hold an equal number of AfriTin ordinary shares.
Having built a critical mass of in-situ tin resources in South Africa and Namibia, the time is opportune for Bushveld to launch a dedicated tin platform, Bushveld CEO Fortune Mojapelo said in a release to Creamer Media’s Mining Weekly Online.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation