Bushveld moves to acquire Evraz stake in vanadium mine, plant

April 25, 2016

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Diversified mineral development company Bushveld Minerals has agreed exclusivity to complete a confirmatory due diligence for the acquisition of financially troubled Evraz’s controlling interest in the producing Vametco’s 473-employee vanadium mine and plant, located near Bushveld’s recently acquired vanadium project in Brits. Bushveld CEO Fortune Mojapelo described Vametco as a low-cost producing asset with established management that had collectively worked across all the vanadium processing plants in South Africa.

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