Bushveld Minerals Share Chat (BMN)

@nick26 - yes I know for a fact that Yellow Dragon are not connected to China.

I am not at liberty to divulge what I know - sorry

Ophidian

@Ophidian - there have been a number of articles printed that have referred to Yellow Dragon being connected to China. Do we know for a fact that there is no connection?

Bushveld brings in China's Yellow Dragon to help fund Vametco buy from Evraz
Author Ben Seeder
Theme Metals
Diversified miner Bushveld Minerals Ltd. said June 3 it will partner with Chinese private investment firm, Yellow Dragon, on its proposed of a 78.8% stake in Strategic Minerals Corp., the South African company that owns the Vametco vanadium mine and plant.

@BorderSpirit - https://www.afr.com/business/mining/how-china-will-rule-the-next-industrial-revolution-20190515-p51ngs

Every time this board considers aspects of the business and its revenue streams it seems there are becoming so many ways this business can convert its assets into solid revenue, the picture becomes stronger. It makes you think that the RNS for the Mokopane license completion and the results of the definitive feasibility study ("DFS") to mine the Mokopane site is going to liberate so much potential. There is every reason to think that the Mokopane Mine could long term bring over $200 to $250 million per annum profit on its own!

Just as a reminder:
"Mokopane is one of the world's largest primary vanadium resources, with a 298 Mt JORC compliant resource and a weighted average V2O5 grade of 1.75 per cent in magnetite (1.41 per cent in-situ). The Mokopane deposit is a layered orebody along a 5.5 km north-south strike at a dip of between 18 degrees and 22 degrees west. The project comprises three adjacent and parallel magnetite layers namely the Main Magnetite Layer ("MML"), the MML Hanging Wall ("MML-HW") layer and the AB Zone. 298 Mt (JORC) resources and reserves run across three parallel overlying magnetite layers with grades ranging from 1.6 per cent to over 2 per cent V2O5 as follows:

§ MML: 52 Mt @ 1.48 per cent V2O5 (1.75 per cent V2O5 in magnetite);
§ MML-HW & Parting: 233 Mt @ 0.8 per cent V2O5 (1.5-1.6 per cent V2O5 in magnetite); and
§ AB Zone: 12 Mt @ 0.7 per cent V2O5 (greater than 2 per cent V2O5 in magnetite).

The mining right allows for the extraction of several other minerals over the entire Mokopane project resource area, including, titanium, phosphate, platinum group metals, gold, cobalt, copper, nickel and chrome."

From the 21st October 2019 RNS

yep that makes sense Ophidian

Can I ask where you read the article as I remember many years ago Fortune denied any connection with China

@nick26 - only problem..... it's wrong...…...Yellow Dragon are not Chinese

Ophidian

Let’s have a blue finish just to round things off nicely

Many thanks.

@spbhoy I’ve been using https://www.vanadiumprice.com/

Apologies I mean it hasn’t moved 0.00% today.

Understand your skepticism knuttie.

Have a good weekend all.

I would guess Ironveld.

Also whilst talking about China off takes I remembered an article I read earlier this year referencing BMN and the supply of Vanadium to feed its demand for electrolyte. See below

China is also seeking to expand its dominant market position in vanadium and graphite, securing additional supplies and building integrated supply chains. Vanadium is a transition metal that is used in flow batteries, superconducting magnets, and high-strength alloys for jet engines and high-speed aircraft. Chinese firms already produce 56 per cent of the world’s vanadium domestically, and China is home to 48 per cent of the world’s reserves. Now, they are targeting South Africa, ranked third in vanadium production and reserves behind China and Russia.
In 2015, Hong Kong-based International Resources , a company whose ownership is opaque, executed a takeover of a big vanadium mine from Russia’s Evraz Highveld Steel and Vanadium, which was facing bankruptcy. In 2016, China’s Yellow Dragon Holdings co-invested with Bushveld Minerals, the primary vanadium developer in South Africa’s massive Bushveld Complex, to acquire Strategic Minerals, which owned the Vametco vanadium mine and plant. Yellow Dragon subsequently increased its investment in Bushveld Minerals and has become the fifth-largest shareholder.
The holdings deepen China’s influence over South Africa’s vanadium resources and its role in the country’s emerging high-tech sector. Bushveld Minerals is moving to develop an integrated platform to produce vanadium redox flow batteries for distributed energy across South Africa. The vanadium resources will also flow toward China, feeding its battery industry and the National Development and Reform Commission’s planned rollout of 100-megawatt stationary energy storage stations to manage its wind and solar energy.

It's behind a pay wall, I can access and copy the header, but access to the report is Golden VIP members only.
That's why I'm none the wiser who it is.

https://www.hellenicshippingnews.com/chinese-steel-raw-material-prices-are-on-the-rise/

Amid the doom and gloom on steel prices – at least for producers, you won’t hear consumers complaining — a couple of Reuters reports suggest some of the relentless pressure on prices may ease early next year.

Demand in top consumer China remains surprisingly robust, yet inventories are falling — suggesting producers are struggling to keep up with demand.

If that were not enough, Reuters reported new starts are being more vigorously investigated and the approval process reviewed, leading the industry to think supply will be curbed further during the winter heating period this year.

A notice jointly issued by the National Development and Reform Commission, Ministry of Industry and Information Technology (MIIT) and the National Bureau of Statistics urges local governments and the State-owned Assets Supervision and Administration Commission (SASAC) to verify the steel firms’ capacity, production and fixed-asset investments.

Both legal and so-called “illegal” capacity is coming under scrutiny, as some mills achieved capacity utilization rates of 150% in 2019 — raising questions about the accuracy of the original capacity estimation.

Mills can by a number of ways, such as using higher-grade ore, boost utilization rates above capacity for a period of time; however, the margin is usually single digits, not 50%.

This month has seen price rises in China for both finished steel products (like rebar, used in construction, and hot-rolled coil, used in medium manufacturing) and raw material inputs, such as iron ore and coking coal, Reuters reported.

So far, price rises are modest.

But if strong demand continues, it could reduce the volume Chinese mills have available for export and raise the price of material that is sold into neighboring markets, raising the prospect of a firming in global steel prices next year.

It is too early to tell if the trend will continue, but it has been a sufficiently abrupt turnaround in sentiment from last month and will be worth watching in the coming weeks.
Source: Metal Miner

Link not working for me LS

Actually - it would be much better the other way around - MagSep and sell an Iron ore concentrate, let them smelt it and then send us back a very rich (20-25% possible) Vanadium SIag.

Ophidian

There's a South African company offering to supply iron ore containing titanium and vanadium,
advertising on ferroalloynet. I wonder who that is?

Supply South Africa Iron Ore containing Titanium & Vanadium
Fri, 22 Nov 2019 03:38:00 GMT
Our company can supply Iron Ore containing Titanium Vanadium : *. Iron Ore with high Vanadium Fe ** %, TiO* **%, V*** *.**% *. Iron Ore with high Titanium Fe **%, TiO* **%, V*O* *.**% Quantities of *...
http://www.ferroalloynet.com/trade/supply_south_africa

Wow Alfa if that is correct then it does get interesting

those interested can see the details of the Mokopane resource on page 16 of the PFS here:- https://www.thebushveldperspective.com/slides/slide/mokopane-pfs-jan-2016-27

...or maybe we'll just crush and magnetically purify it and sell it to them with the Vanadium still in it.

Kevkan - presumably we are not going to be given them anything until it has had the vanadium taken out - this means that it would have been magnetically separated so is likely to be very much higher than the 57% concentration that Ophidian quotes for the Fe2O3 contained within the 63.2Million Tonnes of the Indicated resources

Ophidian
Looking at Peterfals comment re what the Chinese are looking for in terms of concentration ie 65/66% were does that fall in terms of average concentrate globally or is it far more complicated than that

is that per Kg or per pound ?

Vanadium price . Com misses the all-important price in the US which can be tracked hear and it is currently $25.25 for Ferrovanadium 80%

https://m.uk.investing.com/commodities/ferro-vanadium-80-min-united-states-futures

https://www.naturalbushcraft.co.uk/forum/showthread.php?9065-Bushcraft-Biking&s=025478016d6fc39d5befbdc6fed55333

???

Vanadium prices are also strongly linked to the price of Chinese re-bar which has risen strongly this month.

http://www.asianmetal.com/indexEn.shtml?s=1&r=/news/data/1526129/

Mokopanae iron is 57.6% concentration

Ophidian

These prices released daily by VP. Com are obtained from Asian metal one of 3 large asian metal exchanges.
They are based on their spot price trades, they all vary slightly.
Vanadium Price Today

V2O5 Vanadium Pentoxide 98% USD / lb

China : US$6.40/lb (0.00%)

Europe : US$5.35/lb (0.00%)

Ferro Vanadium 80% USD / kg

China : US$29.50/kg (0.00%)

Europe : US$23.30/kg (0.00%).