Bushveld Minerals ‘significantly progressed’ development of its platforms in 2017

Date: Jul 02, 2018

Bushveld Minerals Limited (LON:BMN) has announced that 2017 was a transformational year, which saw the company ‘significantly progress’ the development of each of its platforms.

The AIM-listed firm said for the period ended 31 December 2017, it has successfully implemented the acquisition of Vametco, high quality and low-cost vanadium producer, over two phases.

The company said its subsidiary Bushveld energy completed the studies on African VRFB demand and global electrolyte demand, in partnership with the Industrial Development Corporation.

And Lemure Holdings signed Memorandum of Understanding with Sinohydro Corporation Limited for joint development and funding options for the Imaloto Power Project in Madagascar.

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