VANADIUM
Diversified mineral development company Bushveld Minerals has completed the acquisition of a 78.8% shareholding in Strategic Minerals Corporation (SMC), the ultimate holding company of Vametco Alloys, from the Evraz Group. Bushveld CEO Fortune Mojapelo notes that one of the acquisition highlights was that the $16.4-million consideration paid was substantially less than the cost of a greenfield mine and plant of the same capacity.
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