Tag: bushveld minerals
South Africa’s largest supplier of vanadium, Bushveld Minerals, has reported a $10.7 million loss before tax, for the six months ended June. This is due to revenue lost from COVID-19, as a result of lower vanadium prices and lost production. The company that is listed on the London Stock Exchange, is still to be listed on the Johannesburg Exchange. Joining CNBC Africa to review the results and its new Production Financing Agreement is Fortune Mojapelo, CEO of Bushveld Minerals.
It’s been a topsy-turvy year for South African miner Bushveld Minerals yet the company has managed to post a set of tidy year end numbers. The falling vanadium price - down 34 per cent in the year - hammered the company's revenue. It fell 39 per cent to just over $116 million. Bushveld CEO, Fortune Mojapelo joins CNBC Africa for more.
Is mining too deep in the COVID-19 crisis? How can it once again become the sunrise industry it wants to be?
The world rush for battery metals is expected to see the world market increase 122 times in the next 20 years.
CNBC Africa’s Chris Bishop spoke with Fortune Mojapelo, CEO of Bushveld Minerals about the company’s plans to scale up production at the on-going Mining Indaba in Cape Town.
AIM listed, vanadium producer Bushveld Minerals has cited improved operational performance through its transformation programme at Vametco which delivered the highest quarter of production in over 2 years. The company has also received approval to acquire Vanchem assets for a consideration of $68 million. Joining CNBC Africa for more is Fortune Mojapelo, CEO of Bushveld Minerals Limited.