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Everything about Bushveld is a good read pdub :) And its got pictures for the kids, whats not to like :)

https://www.africaoutlookmag.com/outlook-features/bushveld-minerals

What happened?

Just been offered 25.4p for a dummy sell of 6000 shares

Hi Vauch, the Q2 numbers won't have (well, shouldn't anyway) revenue details just the quarterly production figures. The interim's with the figures will be sometime before the end of September.

Great news, the positive stories just keep building up more and more pressure.

I know it doesn't mention vanadium in the report regarding the metallurgical complex but as it's in Limpopo SEZ maybe this could be expanded in future to deal with Mokopane's ore?

Missing bit at the end

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South Africa is already a major exporter of metal alloys to China.

Investors are hoping to receive the necessary environmental approvals by the end of March and would then start construction, Zitha said.

https://energy.economictimes.indiatimes.com/news/coal/chinese-investors-plan-10-billion-metallurgical-complex-in-south-africa/65165471

JOHANNESBURG: Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters.

South Africa's President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex.

Ramaphosa is on a mission to kickstart economic growth after a decade of stagnation and is targeting $100 billion in new investment over five years.

The complex, which is still in the planning stage and envisages building a stainless steel plant, a ferrochrome plant and a silicomanganese plant, is a much-needed vote of confidence in the sputtering South African economy.

Trade and Industry Minister Rob Davies said on Tuesday that China was considering a metallurgical project in a special economic zone (SEZ), but he did not reveal the scale of the project or timeframe.

The executive involved in the project, who did not wish to be named because he was not authorised to speak to the media, said memoranda on the complex were signed before Xi and Ramaphosa gave news conference on Tuesday.

"The investors for the SEZ project were in the room when Ramaphosa and Xi spoke to the press," the executive said.

Richard Zitha, a project executive at the Musina-Makhado SEZ where the complex will be based, said the project was being led by Chinese state-owned companies, but he declined to name them.

He said the Chinese investors would look for Black Economic Empowerment partners to comply with South African rules designed to address racial disparities more than two decades after the end of apartheid.

The investors were open to investors from other countries joining at a later stage, he said.

"The investors have been in South Africa for around a week and have visited mines to look for inputs for the project," Zitha said.

The Musina-Makhado SEZ is in Limpopo province close to South Africa's borders with Mozambique, Zimbabwe and Botswana.

The SEZ plans to house plants with a capacity of 3 million tonnes per annum of stainless steel, 3 million tonnes per annum of ferrochrome and 500,000 tonnes per annum of silicomanganese. Those capacity targets are subject to change and will be finalised by the end of the year, the executive said.

A coal-fired power plant, coking plant and coal washery will be built alongside the metallurgical plants, a presentation prepared for investors showed.

Some of the steel output for the complex has been earmarked for export to China, while other products would be sold to countries in southern Africa, the executive said.

South Africa is already a major exporter of me

I think maybe manipulated is the wrong word to use, more that a ceiling has been put on the sp by our two brokers placing an upper target price of 25p.

Or buying what he wants before commenting on it?

The Q1 update was on the 27th April if that helps a little? It is frustrating but it's happened so many times in the past that I think I'm becoming more and more relaxed about it taking longer than I think it will.

These environmental policies and new rebar regulations are setting up a quite incredible end to the year for vanadium.

https://www.voxmarkets.co.uk/blogs/

Chinese construction rebar surged to a 10 ½ month peak as concerns swell about tightening supplies amid more stringent environmental measures. The most-active rebar futures on the Shanghai Futures Exchange climbed as much as +0.9% to 4,033 yuan/tonne, the highest since early September.
Haitong Futures analyst notes “recent environmental inspections and new three-year anti-pollution action plan suggest that production curb policies will not loose in the second half of this year”. The environmental ministry announced on Monday it had extended monthly air quality rankings to 169 cities from 74, in order to add pressure on local authorities as it intensifies its campaign against air pollution.
The top steelmaking city of Tangshan was named as the worst place for air quality in the new list of 169 cities in June. Tangshan ordered steel mills to start a six-week production cuts from Friday.

tyfoon / bbn, I can't believe the amount of news that is now stacking up to come from Bushveld but also other parties (government, Eskom etc) that can and will impact on the sp. Something has to be released soon (aside from Q2) and the sooner the better.

http://www.miningweekly.com/article/eskom-confident-of-raising-r72bn-despite-qualified-audit-2018-07-23/rep_id:3650

'Until recently, Eskom had adopted a hostile stance toward IPPs, which the previous executive team, led by Brian Molefe and later by Matshela Koko, blamed for weakening Eskom’s financial position.

However, Mabuza stressed that Eskom did not make policy and, in implementing government policy on IPPs, the utility took no financial risk, as IPP costs where treated as a “pass through” in the tariff.

“The IPPs are cost-neutral to Eskom and they are paid in advance,” Mabuza said, adding that, during the 2018 financial year, Eskom recorded IPP underspending of R2-billion.

Public Enterprises Minister Pravin Gordhan, who attended the presentation, indicated that, besides addressing Eskom’s corruption and financial and operational stabilisation, government expected the current leadership to begin crafting a new business model for the utility that took account of technology changes under way in the energy industry.

Once the current wage negotiations were concluded, Gordhan said it would be important for Eskom to engage with labour on a “just transition” from the current model to one that was more sustainable.

“Once we are over the negotiations on the wages and benefits issues, we need to create the right basis for dialogue between unions and the board, and government more generally, to develop a common understanding of the energy mix: what role do IPPs play; whether they’re a burden or not; how are we going to have a just transition executed in South Africa, hopefully in a painless kind of way,” the Minister elaborated.

He also noted that many financial institutions were refusing to fund coal projects. “So we need to be constructive in this debate so that, while there might be very special interests . . . we need to come up with an Integrated Resource Plan that suits our situation, enables us to execute a just transition and get to a place, in five or ten years, where we can say we have the right balance and the right mix.”

Sorry obviously linked to the 11th July RNS

This is on brrmedia this morning but cant see an RNS

https://www.brrmedia.co.uk/broadcasts/5b5099c906c7f84227ae835b/bushveld-energy-q2-operating-update

Maybe the Economist article yesterday has given us more mainstream exposure than where the articles about BMN normally appear?

I reckon we need a more complete picture of Vametco (Interims), BE, Mokopane and Lemur before there is any point taking a stab at what the sp could achieve this year.