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Bushveld ups Vametco interest

Bushveld Minerals (LN:BMN) has proposed to pay US$11.1 million to up its interest in the Vametco vanadium openpit mine and processing plant in South Africa.

Bushveld ups Vametco interest Bushveld ups Vametco interest Bushveld ups Vametco interest Bushveld ups Vametco interest Bushveld ups Vametco interest

Bushveld Minerals now owns 59.1% of the Vametco vanadium mine

The deal, which follows the company acquiring 26.6% of Vametco in May, will see Bushveld increase its stake to 59.1%.

The transaction will include a $4.5 million cash payment, the issue of 54.