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Glencore cut in vanadium output continues to push prices higher

By: Henry Lazenby     4th May 2017 News Thursday that major miner and minerals trade Glencore has produced 10% less vanadium owing to lower kiln availability and maintenance on their evaporation plant is good news for vanadium prices with the shortfall in production likely to continue to support higher vanadium prices for longer.... 

Bushveld’s vanadium acquisition financing complete

By: Martin Creamer     30th March 2017 Diversified development company Bushveld Minerals on Thursday took another step towards the creation of an integrated vanadium platform with the signing by Bushveld Vametco of the final financing agreements for the completion of the acquisition of 78.8% of Strategic Minerals Corporation (SMC)... 

Bushveld secures financing to aid in acquisition of SMC stake

By: Natasha Odendaal     20th March 2017 Aim-listed Bushveld Minerals has secured a definitive sales and marketing agreement with Wogen Resources to aid the financing of Bushveld Vametco’s acquisition of a 78.8% interest in Strategic Minerals Corporation (SMC) from Evraz. Bushveld Minerals announced on Monday that the five-year... 

Bushveld raises cash for Vametco costs, other projects

By: Creamer Media Reporter      25th August 2016 Diversified mineral development company Bushveld Minerals has raised £580 000 through the issue of 38.67-million shares at 1.5p apiece. The proceeds will be used for general working capital purposes, continuing costs associated with the Vametco transaction, ongoing work in respect of subsidiary... 

Bushveld to issue Sable R3m in shares to complete acquisition of Brits project

By: Creamer Media Reporter      17th June 2016 Aim-listed diversified miner Bushveld Minerals will issue seven-million Bushveld shares to Sable Metals and Minerals to settle the outstanding R3-million payable for the acquisition of the Brits vanadium project. Bushveld in November 2015 announced that it would acquire the Brits project for $600... 

Bushveld targets Evraz’s Vametco stake 

     28th April 2016 Diversified mineral development company Bushveld Minerals has taken an interest in financially troubled Evraz’s controlling stake in Vametco’s vanadium mine and plant. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss the details. 

Bushveld moves to acquire Evraz stake in vanadium mine, plant

By: Martin Creamer     25th April 2016 Diversified mineral development company Bushveld Minerals has agreed exclusivity to complete a confirmatory due diligence for the acquisition of financially troubled Evraz’s controlling interest in Vametco’s 473-employee vanadium mine and plant, located near Bushveld’s recently acquired vanadium... 

Highveld’s future under spotlight as Evraz questions bidder's capacity to deliver

By: Terence Creamer     10th November 2015 The battle over the future of Evraz Highveld Steel & Vanadium (Highveld) has intensified with Evraz seeking to urgently interdict the business rescue process, alleging that shareholder and creditor rights have been violated. The business rescue practitioners (BRP), on the other hand, contend that... 

Highveld stands firm on contested rescue plan, challenges parent’s urgent court application

By: Natasha Odendaal     5th November 2015 Embattled steelmaker Evraz Highveld Steel & Vanadium (Highveld) on Thursday filed a notice of intention to oppose the urgent court proceedings aimed at having its business rescue plan halted and set aside. Two companies linked to Highveld's parent company LSE-listed Evraz – East Metals and... 

Largo Resources reports stable output at 40% capacity

By: Henry Lazenby     8th October 2014 TSX-V-listed Largo Resources on Tuesday said its Maracas Menchen mine, located in Bahia state, Brazil, was ramping up as planned, producing at a rate of between 8 t/d and 12 t/d of vanadium pentoxide, or about 40% of total capacity. The operation, which started production early August, had, to... 

Bushveld vanadium scoping study indicates ‘robust economics’

By: Leandi Kolver     21st July 2014 Aim-listed Bushveld Minerals on Monday announced the results of a scoping study for its 52-million-tonne Bushveld vanadium project, stating that the project enjoyed robust economics with significant upside opportunities. Bushveld CEO Fortune Mojapelo pointed out that, at 10 370 t/y, using a... 

Evraz Vametco granted new-order mining right for vanadium mine

By: Natalie Greve     8th May 2013 The Department of Mineral Resources (DMR) has granted the conversion of the old-order mining right for Evraz Vametco’s North West-based vanadium mine to a new-order mining right. The application for the new-order mining right was submitted in 2004 and granted in 2013 for a period of 25 years.... 

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