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Pin to quick picksBushveld Minerals Share News (BMN)

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TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

Mon, 06th Nov 2023 14:26

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Trident Royalties PLC - mining royalty company - Reports quarterly receipts for the three months to September 30 fell 17% to USD1.9 million from USD2.3 million a year prior from exposure to gold, copper, and iron ore. Chief Executive Officer Adam Davidson says: "This has been another solid quarter for Trident, with two new transactions, good progress within our existing portfolio, and solid revenue generation. In the uncertain geopolitical environment, our diversified exposure has demonstrated its value, with our gold offtake revenue benefiting from higher gold prices and volatility. Our gold exposure will benefit further during the first half of 2024, with first gold expected at Equinox's Greenstone project, alongside ramping of production at other assets."

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Anglo-Eastern Plantations PLC - Indonesia and Malaysia-focused palm oil and rubber producer - Says in nine months to September 30, output for fresh fruit bunches fell 2% to 841,960 metric tonnes from 859,900. Says crude palm oil price ex-Rotterdam averages to USD983 per metric tonne in the year-to-date, up 33% from USD1,471 in the corresponding period in 2022. Looking ahead, expects CPO prices to be weak for the remaining part of the year as the industry enters a period of "more robust" crop production. "The reported high palm oil inventory, together with the abundance of other competitive vegetable oils, coupled with a lower demand from the major importers are likely to suppress any upward movement in CPO prices for the last quarter of 2023," it says.

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Says production in the third quarter of the year falls 1.6% to 1,000 metric tonnes vanadium from 1,016 a year prior. Year-to-date production grows 4.8% to 2,784 metric tonnes from 2,657. Sales in the three months to September 30 plunge to 647 metric tonnes from 1,034 in the corresponding quarter a year ago. Looking ahead, says it is on track to meet its output guidance for 2023 of 3,700 to 3,900 metric tonnes.

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Powerhouse Energy Group PLC - Bingley, England-based non-recyclable waste-to-energy conversion firm - Faces patent claim filed by GetGo Recycling Ltd, which was filed last month. Says claim is "entirely without merit", and states it had not had any direct dealings or any communication from GetGo, noting that it first became aware the claim had been filed via a third party. It also says there is no detail or information in the filing of the claim. Chair Antony Gardner-Hillman says: "As regards the European Patent Office Communication, I am advised by our patent attorneys there is no significance in this and that it is a normal procedural step when entitlement proceedings have been commenced in respect of a patent. As regards the proceedings themselves, we do not foresee any impact on PHE's ongoing work or interference with the company's business. We will deal with this as an ordinary day-to-day challenge of a kind I have seen and dealt with successfully before in my career, acting in the appropriate way and with due regard. I do not know the claimant company and I believe its action is intended to "soften" PHE as the targeted party before a follow-on approach on something unrelated. We shall wait and see whether this is the case and we shall respond accordingly."

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Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals, with projects in the US and Zambia - Completes exploration work on all of its copper projects in Zambia in the past 12 months, and says its objective to complete soil sampling on all its Zambian projects has been met, defining a series of high-grade copper-in-soil anomalies. Priority drill targets are now defined at three copper projects: Jacks, Mukai and Mushima North.

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Critical Metals PLC - Africa-focused mining investor - Says shares restored to trading on the London Stock Exchange, effective immediately. Its shares had been suspended from trading last week.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Nov 2018 08:34

Bushveld Minerals aims to finish prep for VRFB by new year

(Sharecast News) - Vanadium producer Bushveld Minerals now expects preparatory work on the battery commissioning portion of its maiden vanadium redox flow battery project to be wrapped up by the end of next month.

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17 Oct 2018 13:00

Bushveld Minerals Imaloto Power Project On Track For 2021 Production

LONDON (Alliance News) - Bushveld Minerals Ltd on Wednesday said the Imaloto project is on track to provide electricity to south western Madagascar by 2021.Imaloto, which is being developed

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17 Oct 2018 08:12

Bushveld Minerals on track to launch Imaloto power station by 2021

(Sharecast News) - Vanadium producer Bushveld Minerals is aiming to kick off a series of detailed conversations regarding a finance package for its Imaloto coal-fired power station project once it has wrapped a bankable feasibility study on the site.

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27 Sep 2018 14:41

Bushveld Minerals Sells 1% Stake In Vametco Mine To BEE Shareholders (ALLISS)

LONDON (Alliance News) - Bushveld Minerals Ltd said Thursday it has sold a 1% equity interest in Bushveld Vametco Holdings (Proprietary) Ltd to its two Black Economic Empowerment shareholders No a

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26 Sep 2018 13:24

Bushveld Minerals Profit Jumps As It Generates Interim Revenue

LONDON (Alliance News) - Bushveld Minerals Ltd on Wednesday said its profit multiplied in the first half of 2018 as it generated revenue.The vanadium producer said pretax profit in the six

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21 Sep 2018 17:33

Bushveld Minerals Says Vametco Strike Called Off After Pay Deal

LONDON (Alliance News) - Bushveld Minerals Ltd said Friday it has struck an agreement with a trade union, resulting in the calling off of a strike at its Vametco vanadium mine in South has agreed

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13 Sep 2018 10:49

WINNERS & LOSERS SUMMARY: Retailers Hit As John Lewis Profit Collapses

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Royal Bank a

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13 Sep 2018 10:19

Bushveld Minerals Increases Holding In Vametco Mine Despite Strikes

LONDON (Alliance News) - Bushveld Minerals Ltd said Thursday it has raised its interest in the Vametco vanadium mine located near Pretoria, South Africa, to 75% from 59.1%.Shares in were at

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13 Sep 2018 08:39

Bushveld takes holding in Vametco to 75pc through $20m transaction

(Sharecast News) - Vanadium producer Bushveld Minerals has completed the acquisition of a 21.22% interest in Strategic Minerals Corporation, an intermediate holding company of Vametco Alloys, from Sojitz Noble Alloys for a total cash consideration of $20m, it announced on Thursday.

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12 Sep 2018 16:46

Bushveld Minerals Reports Continuation Of Strike At Vametco Mine

LONDON (Alliance News) - Vanadium producer Bushveld Minerals Ltd said Wednesday that the unprotected industrial action at Vametco mine located near Pretoria, South Africa, has continued and have a

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7 Sep 2018 12:15

Bushveld's Vanadium mine suspended due to strike action

(Sharecast News) - Integrated primary vanadium producer Bushveld Minerals on Friday updated investors on the industrial action the company is facing at its Vametco vanadium mine in South Africa.

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7 Sep 2018 11:16

Bushveld Halts Production At Vametco Mine Due To Strike Action

LONDON (Alliance News) - Shares in Bushveld Minerals Ltd fell on Friday after the company said that it has temporarily stopped production at its Vametco Vanadium mine located near Pretoria, South

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22 Aug 2018 16:26

Bushveld Minerals Shrinks Production Guidance On Expansion Delays

LONDON (Alliance News) - Bushveld Minerals Ltd said Wednesday revenue and earnings from its vanadium platform were significantly ahead in the first half of 2018 due to higher prices.The the

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13 Aug 2018 18:14

Bushveld Minerals Raises GBP692,000 Following Warrants Exercise (ALLISS)

LONDON (Alliance News) - Bushveld Minerals Ltd said Monday it raised GBP692,000 following the exercise of share warrants.The vanadium producer has exercised 5.0 million warrants at a price

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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

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