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Bushveld Minerals boosted as production improvements are confirmed2021-07-21 08:57:00“More than the production volume improvements, it is positive to see improved operational stability at Vametco," said chief executive Fortune Mojapelo.Bushveld Minerals Ltd - Bushveld Minerals boosted as production improvements are confirmedimage source: https://www.bushveldminerals.com/gallery Bushveld Minerals Ltd (LON:BMN) confirmed higher production and sales volumes in the second quarter, ended June 30.Production amounted to 886 metric tonnes (mtV) of vanadium, up from 688 mtV in the preceding quarter, as operational stability improved in the Vametco subsidiary, which earlier this year was impacted by industrial action.Vametco produced 278 mtV and 261 mtV for the months of May and June respectively, and the company said that the monthly run rate is forecast to be maintained at 240 mtV for the rest of the year.Bushveld said it is on track to meet production guidance of 3,400 mtV to 3,600 mtV for 2021.The recent unrest in South Africa has not impacted production operations though the company has experienced logistics delays in getting its product to the port. These logistics delays have been resolved, Bushveld said, but it noted that general international seaborne logistics pressures remain due to the COVID-19 pandemic.It expects to maintain export volumes during the third quarter of 2021."We are pleased to report a significant increase in quarterly production in Q2 2021, albeit from a low production base in Q1 2021,” said chief executive Fortune Mojapelo.“More than the production volume improvements, it is positive to see improved operational stability at Vametco, as a result of not only the extended 35-day maintenance shutdown, but also of several operational improvements, which include a greater discipline in our proactive maintenance practices, process control from the technical team and people development strategy.”Mojapelo also highlighted that Bushveld intends to complete the expanded prefeasibility studies at Vametco and the ongoing technical studies at the Vanchem later this year, which will help determine the optimal paths to grow production volumes.Looking externally, Mojapelo pointed to improving market conditions for vanadium."We are pleased to see strong demand sustained by the increase in Chinese steel production, while momentum continues to build in the application of Vanadium Redox Flow Batteries in the growing energy storage sector.“Consequently, we expect the market fundamentals to continue to support the vanadium price going forward.”In London, Bushveld shares started Wednesday’s trading higher – advancing 5.9% to change hands at 12.35p per share.
Considering the market has zero valuation on Bushveld Energy, this is actually criminal, it should be the market makers in court, I hope they are reading this, one day karma will prevail with them and they will get what they deserve the greedy bastards
Quite incredible really that just in the last couple of months we’re getting an extra $10 per kg which translates going forward to an extra $40 million per year yet sp has not yet reacted ? Xxx Extra Strong buy!!
https://twitter.com/bushveldmin_ltd/status/1399998559450275842?s=21
Tweets on overload- news coming!!!
Fortune and Prince speaking:-) today and tomorrow I believe
https://www.juniorindaba.com/speakers
There’s a hell of a lot more heat generated by giant lithium energy storage battery than an iPhone !!! And you obviously forgot about all the airline banning those Samsung models../
Hi Tron , just to note there’s plenty of room in the market for various types of batteries, remember pretty much all of the countries In the world have set target dates for implementation of energy storage networks in-fact we will probably soon see a shortage of product coming to market- vanadium will get its piece of the cake don’t worry:-)
The markets or whatever you want to call them have completely taken there eye off the ball when it comes to Bushveld.
Could you imagine if you woke up to this news headline?
“European V205 prices up 60% over night and Bushveld minerals reported its daily output has now increased by over 20%!!”
I can 100% guarantee that the sp would shoot up over 50% !!! Eyes on prize ladies and gentlemen