BUSHVELD Minerals was confident South African investors would support the firm’s Johannesburg listing later this year owing to its “… unique vertical value proposition and productive domestic assets”. Bushveld’s assets are located on the Bushveld complex, which “… South African capital understands,” he said in an interview.
Secondly, the company is a low-cost producer with a cash-generating asset, which the equity capital markets in South Africa tend to favour over high-risk capital for greenfields development.
There is also a “strong resonance” among investors and government with the general theme of beneficiation that carries through Bushveld’s strategy, he said.
Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production.