– South Africa, Illovo – Bushveld Minerals Limited (LON: BMN), the integrated primary vanadium producer today announced the appointment of David Noko to its Board as an independent non-executive director.
“It is with great pleasure that I welcome someone of David’s calibre to the Board. As an established, globally significant vanadium producer, his appointment, and the other recent appointees, creates a formidable structure which reflects our ambition to uphold the highest standards of corporate governance, but also leverage the knowledge and sound advice that these highly experienced individuals can offer, to the benefit of all shareholders.” said Board Chair, Ian Watson.
Concurrently, the Company also announced the retirement of Anthony Viljoen from the Board.
About David Noko
David Noko is highly regarded in the South African and global business circles and has years of experience both as an executive and more recently as a board member of several prominent companies, including, Royal Bafokeng Platinum Limited, Harmony Gold Mining Company Limited, AstraPak Pty Ltd and Platistone Holdings (Pty) Ltd. He is currently a Non-Executive Director at inter alia African Rainbow Minerals and Tongaat Hulett, as well as being a Lead Advisor at his consultancy company, ESG Advisory Ltd. He is also the Chairman of the Council of the University of the Free State.
David’s career included senior roles at General Electric Company, Pepsi Cola International, South African Breweries (Pty) Ltd, De Beers Group, and most recently held the position of EVP at AngloGold Ashanti until March 2019.
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 2021, the Company produced approximately 3,600 mtVp.a, representing approximately 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 materially grow its vanadium production and achieve an annualized 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, completed in Q4 2021 and currently under review, are 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.an 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.
For more information: https://www.bushveldminerals.com/
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