Bushveld to bring an energy storage play to the JSE
With a vanadium mine and processing plant, it intends to get involved in the full value stream in large, industrial-use batteries
Bushveld Minerals will bring its vanadium business and possible participation in a large Eskom electricity storage scheme to the JSE around the middle of the year. Bushveld, which has a vanadium mine and processing plant near Brits, has a strategy of not only supplying the steel market with vanadium but getting involved in the full value stream in large, industrial-use batteries using the mineral as an effective storage method for electricity. Bushveld, which is listed in London, will come to the JSE by end-June or early in the third quarter of the year, says CEO Fortune Mojapelo, adding that the listing was not intended to raise capital for the cash flush company benefiting from high vanadium prices of about $80/kg and strong demand for its product. “We are a company with a very strong SA content and it’s only right that SA capital has access to it. There are also capital pools here we’d like access to. Our deposits are here, we beneficiate here, export from here and we have our en...
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