For R1.93bn Bushveld Minerals will double production and position itself as a serious player in the global vanadium market as it scours SA for further growth opportunities. Bushveld, which is traded on London’s Alternative Investment Market (AIM), has agreed to buy Vanchem and Ivanti Resources for $68m and will spend a further $45m refurbishing those assets while spending $20m to build its Mokopane vanadium mine. The entire cost of R1.9bn comes to 45% of the projected cost of building the Mokopane mine and a new processing plant. PODCAST: The growing power of class action lawsuits Subscribe: | Spotify | Apple Podcasts | Pocket Cast | With its Vametco mine and plant and the new assets all in production Bushveld will have production capacity of 10,000 tons of vanadium a year, which, when measured against global supply of about 90,000 tons, is a significant source of vanadium.“The vanadium market is in a structural deficit and the only way to sustainably and meaningfu...

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