“Vanadium, which is used in the manufacture of hard and strong lightweight alloys, and also in the manufacture of superconductive magnets, appears likely to boost the mining industry.”
According to Bushveld Minerals technical adviser Dr Richard Viljoen, South Africa has, in the Bushveld Complex alone, 50% of the world’s vanadium resource.
“As a consequence of the growing demand, the exploration for and mining of vanadium is expanding in the same way as platinum and chromium mining did several decades ago,” he comments, adding that the Bushveld Complex also contains significant amounts of tin, tantalum fluorite and other rare metals including lithium.
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.