https://newsletter.en.creamermedia.com

Mokopane takeover sanctioned

14th June 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in Limpopo.

SPR Fund I was established as an investment fund by the SPR group, based in London, for mining projects in Southern Africa, particularly green metal and transition metal projects.

SPR Fund I is acquiring Mokopane from Bushveld Resources – a subsidiary of Bushveld Minerals.

Mokopane’s mining right allows for the extraction of minerals including vanadium and titanium.

The transaction involves Bushveld selling its 64% interest in Mokopane to SPR Fund 1 for $3.7-million.

The Mokopane project is located on the central portion of the northern limb of the Bushveld Complex with resources and reserves of 298-million tonnes, grading from 1.6% to more than 2% vanadium oxide.

SPR Fund I’s acquisition of the interest in Mokopane forms part of a proposed package of interconditional transactions, which would provide a cumulative investment by SPR into Bushveld and its subsidiaries of about $70-million.

The companies also agreed that SPR will exclusively carry out all marketing and sales of vanadium product produced at Bushveld’s Vametco and Vanchem plants.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 29 November 2024
29th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.782 2.892s - 170pq - 2rq
Subscribe Now