INTERVIEW: Bushveld Minerals Well Placed in Both Vanadium and Energy Space
Bushveld Minerals Limited (LON: BMN) CEO Fortune Mojapelo joins DirectorsTalk to discuss the successful deployment of an innovative vanadium electrolyte rental product in industrial-scale batteries. Fortune talks us through the highlights of the the Vametco Inferred & Indicated Mineral Resource update, key points we should take from final results for the period ended 31st Dec 2018, what an electrolyte rental product in industrial-scale batteries means for Bushveld and what else investors should be looking out for in terms of news flow.
Bushveld Minerals is a low cost, integrated, primary vanadium producer, with ownership of high grade vanadium assets.
The Company’s flagship vanadium platform includes a 74 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; the Mokopane Vanadium Project and the Brits Vanadium Project.
Bushveld’s vision is to become a significant, low cost, integrated primary vanadium producer through owning 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 project developer and component manufacturer. Whilst the demand for vanadium remains largely anchored in the steel industry, Bushveld Minerals believes there is strong potential for an imminent and significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries.
While the Company’s focus is on vanadium operations and the development and promotion of VRFBs, it has additional investments in coal, power and tin.
The Company’s 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 within a visible timeframe, low capital expenditure requirements and scalability are important factors in ensuring a positive return on investment. This philosophy is core to the Company’s strategy in developing projects.
www.ferroalloynet.com
