Bushveld Minerals Limited Appointment of Michael Kirkwood (1588J)
March 28 2018 - 2:01AM
UK Regulatory
TIDMBMN
RNS Number : 1588J
Bushveld Minerals Limited
28 March 2018
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
28 March 2018
Bushveld Minerals Limited
("Bushveld" or the "Company")
Appointment of Michael Kirkwood as Senior Independent
Non-Executive Director
Bushveld Minerals (AIM: BMN), the integrated vanadium producer
with additional investments in coal, power and tin, is pleased to
announce the appointment of Michael J. Kirkwood as Senior
Independent Non-Executive Director effective as of the 1(st) April
2018.
Michael Kirkwood is a highly experienced and respected former
international banker, having worked at the highest levels of
Citigroup during his 31-year career with the bank. He was latterly
UK Country Head and Chairman of the Corporate Bank. He is currently
a Non-Executive Director of AngloGold Ashanti Ltd and Chairman of
Ondra LLP. Formerly he served as Chairman of Circle Holdings PLC
and as a Non-Executive Director on the boards of Kidde plc, UK
Financial Investments Ltd, Eros International plc and additionally
as Deputy Chairman of PwC's Advisory Board. During his career in
finance, he held appointments as Chairman of British American
Business Inc., as President and a Fellow of The Chartered Institute
of Bankers and as Deputy Chairman of the British Bankers
Association.
Ian Watson, Chairman of Bushveld Minerals Limited,
commented:
"We are delighted to welcome Michael to the Board. He has
extensive expertise both in mining and in finance which we believe
will be invaluable to the Company as we continue to deliver our
strategy of further developing Bushveld as a global leading
integrated vanadium player. We look forward to working with him and
benefiting from his immense experience."
Michael Kirkwood said:
"Having completed two very significant transactions last year
Bushveld has positioned itself as a leading integrated vanadium
player at a time when the energy situation in sub-Saharan Africa
should be on everyone's agenda. I believe that Bushveld is uniquely
positioned given the assets that it has and, through its subsidiary
Bushveld Energy, to become a major player and energy storage
solution provider in sub-Saharan Africa. This is an intensely
exciting time for the Company and I am delighted to be joining the
Board."
Enquiries: info@bushveldminerals.com
Bushveld Minerals +27 (0) 11 268 6555
Fortune Mojapelo, Chief
Executive Officer
Chika Edeh, Head of Investor
Relations
SP Angel Corporate Finance
LLP +44 (0) 20 3470 0470
Nominated Adviser & Broker
Ewan Leggat
Richard Morrison
Alternative Resource
Capital +44 (0) 207 186 9004
Joint Broker
Alex Wood
Blytheweigh
Financial PR
Tim Blythe / Nick Elwes +44 (0) 207 138 3204
Gabriella von Ille +27 (0) 711 121 907
Appendix
Michael James Kirkwood, aged 70, is or has been a director of
the following companies over the past five years:
Current Directorships Past Directorships (>5
years)
AngloGold Ashanti Limited Circle Holdings (plc
British American Business Elsenor Limited
Inc. Eros International plc
London Scottish International UK Financial Investments
Limited Limited
There are no other matters to be disclosed in relation to
Schedule 2, paragraph (g) of the AIM Rules
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is an AIM listed integrated vanadium producer
with additional investments in coal, power and tin.
The Company's flagship vanadium platform includes a 59.1%
controlling interest in Bushveld Vametco Alloys (Pty) Ltd a primary
vanadium mining and processing company; the Mokopane Vanadium
Project and the Brits Vanadium Project. The coal platform comprises
the wholly-owned Imaloto Coal Project, which is being developed as
one of Madagascar's leading independent power producers. The
Company's tin interests are held through its shareholding in AIM
listed AfriTin Mining Limited.
Bushveld's vision is to become a significant, low cost,
integrated primary vanadium producer through owned high grade
assets. This incorporates development and promotion of the role of
vanadium in the growing global energy storage market through
Bushveld Energy, the Company's energy storage solutions provider.
Whilst the demand for vanadium remains largely anchored in the
steel industry, Bushveld Minerals believes there is strong
potential for an imminent and significant global vanadium demand
surge from the fast-growing energy storage market, particularly
through the use and adoption of Vanadium Redox Flow Batteries.
The Company's approach to project development recognises that,
whilst attractive project economics are imperative, they are
insufficient to secure capital to bring them to account. A clear
path to production within a visible timeframe, low capital
expenditure requirements and scalability are important factors in
ensuring a positive return on investment. This philosophy is core
to the Company's strategy in developing projects.
Detailed information on the Company and progress to date can be
accessed on the website: www.bushveldminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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