DIVERSIFIED MINERS
Aim-listed Bushveld Minerals made “tremendous strides” during the fourth quarter of 2017, which was marked by a strong financial performance from its Bushveld Vametco operations. Supported by a strong vanadium price environment – the ferrovanadium price averaged $33/kg for the 12 months to December 31 – a revenue increase of 44% and a 553% increase in earnings before interest, taxes, depreciation and amortisation was realised at the operations, CEO Fortune Mojapelo outlined in an operational update on Monday.
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