Integrated Resource Plan Update for 2016

RNS Number : 4152Q

Bushveld Minerals Limited

29 November 2016

 

29 November 2016

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Integrated Resource Plan Update for 2016

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in South Africa and Madagascar, provides an interview with Mikhail Nikomarov, head of Bushveld Energy Limited, a subsidiary of Bushveld Minerals, on the ramifications of the Integrated Resource Plan Update for 2016, released in South Africa on 22 November. Bushveld Energy Limited was launched in January 2016 to focus on developing and promoting the role of vanadium in the growing global energy storage market through application in Vanadium Redox Flow Batteries ("VRFB").  

Please see below the link to the interview:

https://www.brrmedia.co.uk/event/142952/?popup=true

Enquiries: [e-mail]

Bushveld Minerals Fortune Mojapelo / Mikhail Nikomarov	[phone]
Strand Hanson Limited Andrew Emmott / Ritchie Balmer	[phone]
Beaufort Securities Limited Jon Belliss	[phone]
Blytheweigh Camilla Horsfall Nick Elwes Gabriella von Ille	[phone] [phone] [phone]

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a diversified AIM listed mineral development company with a portfolio of vanadium, iron ore, tin and coal greenfield assets in Southern Africa and Madagascar.  The Company's flagship platform, the vanadium platform, includes the Mokopane Vanadium Project, the Brits Vanadium Project, and the Bushveld Iron Ore & Titanium Project. The tin platform comprises the Mokopane Tin Project whereas the Imaloto Coal Project, which is being developed as one of Madagascar's leading independent power producers, makes up the Company's coal platform.

The Company's vision is to become the largest low cost integrated primary vanadium producer through owned low-cost high-grade assets. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy, the Company's energy storage solutions provider. Whilst the demand for vanadium remains largely anchored in a slow growing steel industry, Bushveld Minerals believes there is a strong potential for imminent significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries.

Bushveld Minerals' approach to project development recognises that whilst attractive project economics are imperative, they are insufficient to secure capital to bring them to account. A clear path to production with a visible timeframe, low capex requirements and scalability are important factors in retaining an attractive exit option. This philosophy is core to the Company's strategy in developing projects. Detailed information on the Company and progress to date can be accessed on the website: www.bushveldminerals.com

 

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