TIDMBMN
RNS Number : 7617G
Bushveld Minerals Limited
19 March 2020
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.
19 March 2020
Bushveld Minerals Limited
("Bushveld", the "Company" or the "Group")
Appointment of Dolly Mokgatle as an Independent Non-Executive
Director
Bushveld Minerals Limited (AIM: BMN), the AIM-listed, integrated
primary vanadium producer which owns high-grade vanadium assets in
South Africa, is pleased to announce the appointment of Ms Dolly
Mokgatle as an Independent Non-Executive Director of the
Company.
Ms Mokgatle is an established business leader in South Africa
who has held various significant leadership positions within
several of South Africa's state owned enterprises, as well as
within the private sector. Her leadership roles in the state-owned
enterprises sector has seen her accumulate extensive commercial and
policy-making experience in the Energy Sector. As a senior advisor
to the government on electricity-related matters, Ms Mokgatle has
made contributions that have shaped the country's energy
policy.
Ms Mokgatle's career experience includes serving on the steering
committee of the Electricity War Room in respect of electricity
supply industry restructuring, both within and outside of Eskom
Holdings SOC Limited ("Eskom") in the policy environment, under the
leadership of the then Department of Minerals and Energy. Ms
Mokgatle has also represented Eskom in the Southern African Power
Pool, tasked by the Southern African Development Community Energy
Ministers to establish and operate an energy pool for the benefit
of the subcontinent and beyond.
Ms Mokgatle is a former Managing Director of the Transmission
Group at Eskom. Prior to that role, she held various Eskom roles
including, Executive Director of Corporate Affairs, Senior General
Manager: Growth of Development and Acting Legal Manager.
Ms Mokgatle was the Chief Executive Officer of Spoornet from
2003 until 2005, and has also served as a Non-Executive Director of
several prominent South African companies including Kumba Iron Ore
Limited, Sasfin Bank Limited, Hudaco Industries Limited, and was
Chairman of the Board of Zurich Insurance Co South Africa
Limited.
From 2005 until 2009, Ms Mokgatle was engaged by the National
Energy Regulator of South Africa as Deputy Chairperson and chaired
the Electricity Committee. Ms Mokgatle was also actively involved
in the restructuring of the electricity distribution industry in
South Africa and chaired the board of the holding company, which
was established and tasked by the government with the oversight,
facilitation and monitoring of the establishment of regional
electricity distributors throughout the country.
In 2015, President Cyril Ramaphosa and the then Deputy President
of South Africa, appointed Ms Mokgatle as a member of the Advisory
Panel on the turnaround of Eskom.
Ms Mokgatle is currently the Chairperson of Total South Africa
Pty Ltd, and a Non-Executive Director on the boards of Rothschild
(South Africa) Pty Ltd, Bid Corporation Limited and Telkom SA SOC
Limited. As a founder and current Executive Director of Peotona
Group Holdings Pty Ltd, a majority black-women owned investment
company, Ms Mokgatle is a highly experienced and sought-after Broad
Based Black Economic Empowerment partner.
Ian Watson, Chairman of Bushveld Minerals Limited,
commented:
"We are delighted to welcome Ms Mokgatle to the Board. Her
extensive expertise in respect of South Africa's power network,
coupled with her in-depth knowledge of energy policy, will be
valuable as we continue to pursue our energy strategy. In addition,
her corporate experience, having sat on numerous company boards
over the years, will no doubt strengthen our governance. We look
forward to working with Dolly as we continue on our journey to
building a global leader in the vanadium and energy storage
sector."
ENDS
Enquiries: info@bushveldminerals.com
Bushveld Minerals Limited +27 (0) 11 268 6555
Fortune Mojapelo, Chief Executive
Officer
Chika Edeh, Head of Investor
Relations
SP Angel Corporate Finance
LLP Nominated Adviser & Broker +44 (0) 20 3470 0470
Richard Morrison / Stephen
Wong
Abigail Wayne / Richard Parlons
BMO Capital Markets Limited Joint Broker +44 (0) 20 7236 1010
Tom Rider / Michael Rechsteiner
/
Neil Elliot
Peel Hunt Limited Joint Broker +44 (0) 20 7418 8900
Ross Allister / James Bavister
Tavistock Financial PR
Charles Vivian / Gareth Tredway
/
Edward Lee +44 (0) 207 920 3150
Brunswick Financial PR (South Africa)
Miyelani Shikwambana +27 (0) 11 502 7300
Appendix
Dolly Doreen Mokgatle (née Moloko), aged 63, is or has been a
director of the following companies over the past five years:
Current Directorships Previous Directorships (<5 years)
Ash Resources (Pty) Ltd DIOSPAN
Bid Corporation Limited Junior Achievement South Africa
NPC
Fenner Conveyor Belting SA (Pty) Kumba Iron Ore Limited
Ltd
IQ Business (Pty) Ltd Macsteel Services Centre SA (Pty)
Ltd
Lafarge Industries SA (Pty) Ltd Pearson Education Achievement
Solutions (Pty) Ltd
Lafarge Mining SA (Pty) Ltd Pearson South Africa (formerly
Pearson Marang (Pty) Ltd
Palesa Ya Sechaba Foundation Peotona Building Solutions (Pty)
Ltd
Pearson Marang Education Trust Peotona Development NPC
Peotona Ash Resources (Pty) Ltd Peotona Properties (Pty) Ltd
Peotona Asset Management (Pty) Peotona Publishing Holdings (Pty)
Ltd Ltd
Peotona Capital (Pty) Ltd Peotona Publishing Investments
(Pty) Ltd
Peotona Conveyor Belt Investments Peotona Resources (Pty) Ltd
(Pty) Ltd
Peotona Development Investments Peotona Steel (Pty) Ltd
1 (Pty) Ltd
Peotona Dispute Settlement (Pty) State Diamond Trader
Ltd
Peotona Group Holdings (Pty) UNISA SBL Board
Ltd
Rothschild & Co. (South Africa) Woolworths Employee Share Ownership
Foundation Trust
Rothschild & Co. SA (Pty) Ltd Zurich Insurance Company South
Africa Limited
Sinako Holdings (RF) (Pty) Ltd
Telkom SA SOC Ltd
TES Properties CC
The SA SME Fund Ltd
Total SA (Pty) Ltd
Tshetledi Properties (Pty) Ltd
UNISA Council
------------------------------------
Ms Mokgatle does not own any ordinary shares in Bushveld
Minerals. There are no other matters to be disclosed in relation to
Schedule 2, paragraph (g) of the AIM Rules for Companies.
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a low-cost, integrated, primary vanadium
producer, with ownership of high-grade vanadium assets.
The Company's flagship vanadium platform includes a 74 per cent
controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a
primary vanadium mining and processing company; 100 per cent of
Bushveld Vanchem, a primary vanadium processing facility with a
beneficiation plant; the Mokopane Vanadium Project and the Brits
Vanadium Project.
Bushveld's vision is to become a significant, low-cost,
integrated primary vanadium producer through owning high grade
assets. 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.
Bushveld Energy, the Company's energy storage solutions provider,
plays a leading role in the development and promotion of the role
of vanadium in this market.
While the Company's focus is on vanadium operations and the
development and promotion of VRFBs, it has additional investments
in coal, power and tin.
The Company's approach to project development recognises that,
whilst attractive project economics are imperative, they may be
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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