– SOUTH AFRICA, Illovo – Bushveld Minerals (LON: BMN) today announced the appointment of Craig Coltman to its Board of Directors as Chief Executive with effect from 01 July 2023, succeeding co-founder Fortune Mojapelo who will step down as Chief Executive.
“The Board is delighted to have attracted an executive of Craig’s experience and qualities to Bushveld. He is a strategically focused change leader with a strong track record across multiple disciplines. We look forward to supporting him in realizing the embedded value within the Group.” said Board Chairman, Michael Kirkwood.
About Craig W. Coltman
Craig Coltman has vast experience in the mining industry. He served a distinguished 32 years with De Beers Consolidated Mines in operational and commercial roles with his most recent role being that of CFO and as Executive Director. Craig is also the Chairman of De Beers Pension Fund.
Craig Coltman said, “I am excited to join the Bushveld team and to continue working in the mining industry. I am passionate about this industry and its people.”
About Bushveld Minerals
Bushveld Minerals is a low-cost, vertically integrated primary vanadium producer. It is one of only three operating primary vanadium producers, owning 2 of the world’s 4 operating primary vanadium processing facilities. In 2022, the Company produced more than 3,800 MTV, representing more than three percent 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 grow its vanadium production and achieve an annualized steady state production run rate of between 5,000 mtVp.a. and 5,400 mtVp.a.
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.
Source: https://www.bushveldminerals.com/
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