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Costs hit Bushveld's earnings in first half

High costs and operational issues in the January quarter saw South Africa-focused vanadium player Bushveld Minerals deliver a weaker than expected set of financial results for the first half of 2021.

Costs hit Bushveld's earnings in first half Costs hit Bushveld's earnings in first half Costs hit Bushveld's earnings in first half Costs hit Bushveld's earnings in first half Costs hit Bushveld's earnings in first half

Bushveld's Vametco openpit mine in South Africa

Higher vanadium prices saw revenue for H1 rose 9% year-on-year to US$47 million, but issues at the company's Vametco operation meant production was 5.2% lower yoy at 1,574 mtV.