Bushveld Minerals Ltd

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Founded in 2012, Bushveld Minerals is a South Africa-based low-priced, vertically-integrated primary vanadium producer, engaged in operating a vanadium mining and processing company.  The company operated two of the world’s four operating vanadium facilities and is one of the three operating primary producer across the world. It produced over 3,600 mtV in 2020, which is approx 3% of the global vanadium market with application across chemical, steel and energy sectors. The company’s shares are trading on the London Stock Exchange since 2012 as LON: BMN.

The company operates its mining and processing vanadium ore business through Bushveld Vanadium which was established in 2013 and delivers energy storage services through Bushveld Energy, which was launched in 2016. The Bushveld Vanadium is the largest, high-grade and South Africa based primary vanadium resource across the world, which consist of three mineral assets that include Mokopane, Vametco and Brits. Further, it has two processing facilities: Vanchem and Vametco. It aims to expand its vanadium production and achieve an annualised steady state production run rate of between 5,000 mtVp.a. and 5,400 mtV p.a. the pre-feasibility studies are also conducted to increase production for medium term to between 6,400 mtVp.a. and 6,800 mtVp.a. and 8,400 mtVp.a. in long term by 2022-end.

The Bushvel Energy business is engaged in developing and promoting the role of vanadium in the energy storage market through the application of Vanadium Redox Flow Batteries (VRFBs). It is also constructing energy storage supply chain by leveraging the South African-mined and beneficiated vanadium. Its business model comprises of various activities such as electrolyte production, VRFB value chain, energy storage project development and VRFB manufacturing. The company has made equity investments and entered into joint venture agreements with the vanadium and energy storage value chain. The company has acquired CellCube, which is a leader in VRFB and together with Invinity Energy System, formed a company called Vanadium Electrolyte Rental Limited to deliver a vanadium electrolyte rental option.

The company’s other investments include Lemur Holdings (100% holding), The PQ Iron & Titanium and PQ Phosphate Projects and AfriTin Mining Limited (4.76% holding). 

Contact Information

company address Bushveld Minerals Ltd Block A Ground Floor, 24 Fricker Road, Illovo 2196 South Africa

company phone+27.11.2686555

company websitehttp://www.bushveldminerals.com/

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