Formed in the Earth’s crust, vanadium is a silvery-gray transition metal that was first discovered in 1801. It is named after Vanadis, the Norse god of beauty, and occurs in about 65 different minerals, including vanadinite, carnotite and patronite.
The metal is mined as a by-product of other metals, most commonly uranium. The technology metal is also found in deposits of phosphate rock, titaniferous magnetite, uraniferous sandstone and siltstone. It is also present in bauxite and in carboniferous materials such as crude oil, coal, oil shale and tar sands.
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.