Bushveld Minerals is a low-cost, vertically-integrated primary vanadium producer. Bushveld owns 2 of the world’s 4 operating vanadium processing facilities and is 1 of only 3 operating primary producers globally.
In 2021, the Company produced approximately 3,600 mtV, representing approximately 3% of the global vanadium market. With a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors, the Company participates in the entire vanadium value chain through its two main pillars: Bushveld Vanadium, which mines and processes vanadium ore; and Bushveld Energy, an energy storage solutions provider.
Bushveld Vanadium is targeting to materially grow its vanadium production and achieve an annualised steady state production run rate of between 5,000 mtVp.a. and 5,400 mtVp.a. by the end of 2022, from projects currently being implemented. Beyond that, pre-feasibility studies are in progress to determine the optimal path to increase production even further to a steady state production run rate of between 6,400 mtVp.a. and 6,800 mtVp.a. in the medium-term and to a steady state production run rate of 8,400 mtVp.a. in the long term. Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through the advancement of vanadium-based energy storage systems, specifically Vanadium Redox Flow Batteries (“VRFBs”).
Become one of the world’s most significant, lowest-cost, vertically-integrated primary vanadium platforms, with a diversified vanadium product portfolio.
Generate value in a safe and sustainable way for all of our stakeholders throughout the commodity cycle.
Bushveld Minerals’ strategy is:
- Build a sustainable, cash-generating, low-cost production platform, comprising:
- high-grade, opencast and low-cost primary vanadium mines; and
- refurbished scalable brownfield processing facilities.
- Use our large, low-cost production platform to build a leading downstream vanadium-based energy storage platform, creating value as a manufacturer of electrolyte, investor and project developer across the Vanadium Redox Flow Battery (”VRFB”) value chain.
Bushveld Vanadium – A low cost, vertically integrated primary vanadium producer.
Bushveld Energy – an energy storage component manufacturer and project developer, focused on vanadium-based energy storage systems called VRFBs.
Other Investments – Additional investments in Coal & Power and Tin