Last checked at 20 Jun 2016 07:21
20 June 2016
Bushveld Minerals Ltd
("Bushveld" or the "Company")
Update on Conditional Purchase Agreement with Evraz for Vametco
Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, today provides an update further to the announcements on 9 May 2016 and 3 June 2016 regarding the acquisition of Strategic Minerals Corporation ("SMC"), which owns the producing Vametco vanadium mine and plant in South Africa. Bushveld and Evraz Group SA have agreed that completion of the initial tranche shall be delayed and now expect completion to take place on or before 15 July 2016.
Further updates will be provided as appropriate.
Enquiries: info@bushveldminerals.com
Bushveld Minerals Fortune Mojapelo
| +27 (0) 11 268 6555 |
Strand Hanson Andrew Emmott / Ritchie Balmer
| +44 (0) 20 7409 3494 |
Mirabaud Securities Rory Scott
| +44 (0) 20 7878 3360 |
Beaufort Securities Limited Jon Belliss
| +44 (0) 20 7382 8300 |
Tavistock (UK) Jos Simson/ Nuala Gallagher
| +44 (0) 20 7920 3150 |
Lifa Communications (South Africa) Gabriella von Ille | +27 (0) 711 121 907 |
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Notes to the editor
Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore, tin and coal assets in Southern Africa and Madagascar.
The Group owns the Bushveld Vanadium Project, Mokopane Vanadium Project, Bushveld Iron Ore Project and Mokopane Tin Project, located on the northern limb of the Bushveld Complex, South Africa. Bushveld also owns the Imaloto coal project in Madagascar, acquired in September, 2015, through its takeover of Lemur Resources.
Bushveld was admitted to the AIM of the London Stock Exchange in March 2012.