Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBushveld Minerals Share News (BMN)

Share Price Information for Bushveld Minerals (BMN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.65
Bid: 0.60
Ask: 0.70
Change: -0.048 (-7.41%)
Spread: 0.10 (16.667%)
Open: 0.65
High: 0.675
Low: 0.60
Prev. Close: 0.648
BMN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bushveld subsidiary secures loan facility for Imaloto power station project

Wed, 10th Apr 2019 08:02

(Sharecast News) - Bushveld Minerals has arranged a loan facility with the Development Bank of Southern Africa for its Lemur Holdings subsidiary.Lemur locked in the $1m loan facility to fund works at its Imaloto thermal power station project in Madagascar and, while negotiations with potential lenders were said to be progressing, the group said DBSA's loan would be sufficient to see it through to the project's financial close - with funding already arranged to then take it through to commissioning.The AIM-listed group's subsidiary, which has already completed a bankable feasibility study for the power side of the project and is working on optimising the underground mining plan, told investors talks were ongoing over the engineering, procurement and construction contract for the power station, while fieldwork for the social and environmental study was scheduled to wrap up this quarter.Chief executive Prince Nyati said: "We are pleased that the Imaloto Project is progressing according to plan. We are particularly delighted to receive support from the DBSA."We believe that the funding will help us finalise our objective of achieving financial close and providing reliable baseload power to southern Madagascar. DBSA participation in the development of the Imaloto Project highlights the economic potential of our project as well as the developmental benefits it offers to southwestern Madagascar."As of 1200 BST, Bushveld shares had picked up 1.95% to 33.64p.
More News
4 Jul 2018 13:06

Bushveld Minerals Completes "Milestones" At Imaloto Power Project

LONDON (Alliance News) - Bushveld Minerals Ltd said Wednesday its coal and energy subsidiary Lemur Holdings Ltd completed a Social and Environmental Impact Assessment at its power project in the a

Read more
22 May 2018 16:01

Bushveld Minerals Completes 30 Year Agreement To Build Power Plant

LONDON (Alliance News) - Bushveld Minerals Ltd said Tuesday it has signed a 30-year concession agreement with the government of the Republic of Madagascar for the approval to develop, construct an

Read more
27 Apr 2018 12:38

Bushveld Minerals On Track To Keep Pushing Up Vanadium Output

LONDON (Alliance News) - Resources firm Bushveld Minerals Ltd on Friday reported a strong increase in vanadium production in the first quarter of 2018 after the first phase of an expansion mainly

Read more
28 Mar 2018 14:14

Bushveld Minerals Appoints Michael Kirkwood As Non-Executive Director

LONDON (Alliance News) - Bushveld Minerals Ltd, a vanadium miner, said Wednesday it has appointed Michael Kirkwood as senior independent non-executive director starting from a

Read more
26 Mar 2018 18:18

Bushveld Minerals Raises USD22 Million In Equity Placing (ALLISS)

LONDON (Alliance News) - South African vanadium producer Bushveld Minerals Ltd said Monday that it has raised USD22.2 million through an oversubscribed equity a

Read more
13 Dec 2016 11:04

Bushveld to buy stake in Namibia tin project

(ShareCast News) - Diversified mineral explorer Bushveld is to buy an interest in the Uis tin project in Namibia. The company's subsidiary Greenhills Resources will buy a 49% stake in Dawnmin Africa Investments, which is the 85% owner of the tin project, from a consortium of shareholders in Namibia.

Read more
13 Dec 2016 08:37

Bushveld Buys Into Uis Tin Project In Namibia For GBP650,000 (ALLISS)

Read more
21 Oct 2016 08:39

Bushveld Minerals completes £0.75m placing

(ShareCast News) - Bushveld Minerals announced on Friday that it has placed 53,571,430 new ordinary shares of 1p each in the company, at a price of 1.4p each, raising gross proceeds of £0.75m. The AIM-traded firm said the placing coordinator, Beaufort Securities, has been issued 5,357,143 broker war

Read more
5 Oct 2016 10:26

Bushveld Minerals updates on its energy project

(ShareCast News) - Diversified mineral development company Bushveld Minerals updated the market in respect of its 84% owned subsidiary, Bushveld Energy, on Wednesday. The AIM-traded firm launched BE in January 2016 to focus on developing and promoting the role of vanadium in the growing global energ

Read more
5 Oct 2016 08:15

Bushveld Expects Results From Energy Storage Research By Year-End

Read more
15 Jul 2016 15:45

Bushveld Minerals Postpones Completion Of Strategic Minerals Purchase

Read more
20 Jun 2016 07:57

Bushveld Gets Encouraging Results From Groenfontein Tests

Read more
14 Jun 2016 11:08

Bushveld Says Settlement Reached For Imaloto Mining Licence

Read more
13 Jun 2016 09:36

Bushveld To Investigate Energy Storage Opportunities In South Africa

Read more
3 Jun 2016 09:21

WINNERS & LOSERS SUMMARY: BP Rises After Settling Gulf Oil Spill Claim

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.