https://newsletter.mw.creamermedia.com
Business|Operations
Business|Operations
business|operations

Bushveld suspends trading after failing to secure funds

18th November 2024

By: Darren Parker

Deputy Editor Online

     

Font size: - +

Vanadium producer Bushveld Minerals has suspended the trading of its shares on the Aim market of the LSE after it failed to secure additional funds to address its liquidity position.

The company said on November 18 that its discussions with various stakeholders to secure funding had not yielded any results and that it would consequently be investigating turnaround strategies with the help of a turnaround specialist.

“The company has engaged with a turnaround specialist to understand the prospects for business recovery and achieve the best outcome for all stakeholders and affected persons,” Bushveld said in a statement.

These developments follow an announcement made by the company on November 8, in which it said it did not have sufficient funds on hand to sustain its operations or meet its immediate liabilities.

As a result of its liquidity issues, Bushveld implemented a controlled slowdown of production at Vametco. The length of the controlled slowdown was dependent on securing additional funding, which had not transpired.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Research Reports

Showroom

ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th September 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.094 0.168s - 151pq - 2rq
Subscribe Now