Bushveld Minerals Limited Bushveld announces appointment of Chief Executive (3794D)
21 Junio 2023 - 1:00AM
UK Regulatory
TIDMBMN
RNS Number : 3794D
Bushveld Minerals Limited
21 June 2023
Market Abuse Regulation ("MAR") Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Bushveld Minerals Limited
("Bushveld" or the "Company")
Bushveld announces appointment of Chief Executive
21 June 2023
The Board of Bushveld Minerals is pleased to announce the
appointment of Craig W. Coltman as Chief Executive. Craig has vast
experience in the mining industry. He served a distinguished 32
years with De Beers Consolidated Mines in operational and
commercial roles with his most recent role being that of Chief
Financial Officer and as Executive Director. Craig is also the
Chairman of De Beers Pension Fund.
Craig will become Chief Executive, and join the Board, with
effect from 01 July 2023, the date on which Fortune Mojapelo will
step down as Chief Executive.
Fortune is a co-founder of Bushveld and has led the business as
Chief Executive for more than 11 years. Having helped build the
Company from an exploration company to a fully-fledged primary
vanadium producer, Fortune and the Board agree it is an opportune
time for a leadership transition to steer the Company to its
further development.
Fortune will work closely with Craig during a transitional
period in order to facilitate a smooth handover.
Michael Kirkwood, Chairman of Bushveld Minerals stated , "The
Board is appreciative of Fortune's visionary entrepreneurship in
building a significant new vanadium business and gives its sincere
thanks for his dedicated service over the past years. The Board and
the Company wish him well in his future endeavours.
"The Board is delighted to have attracted an executive of
Craig's experience and qualities to Bushveld. He is a strategically
focused change-leader with a strong track record across multiple
disciplines. We look forward to supporting him in realising the
embedded value within the Group."
Craig commented , "I am excited to join the Bushveld team and to
continue working in the mining industry. I am passionate about this
industry and its people."
Fortune expressed , "Co-founding and leading Bushveld Minerals
into an integrated vanadium platform that is set to play a key role
in the growing vanadium industry has been an immense privilege.
While I recognise the challenging circumstances the Company has had
to navigate in recent years, my conviction in the potential and
future success of this Company remains. To our shareholders and
stakeholders, thank you for your trust; and to the team at Bushveld
under the leadership of Craig, I wish you the success that all your
hard work and the trust of our stakeholders deserves".
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Craig Winston Coltman (aged 62):
Current directorships and/or Former directorships and/or partnerships
partnerships: (within the last five years):
De Beers Pension Fund (Board of DBCM Holdings
Trustees) De Beers Consolidated Mines
De Beers Benefits Society (Board De Beers Marine (pty) Ltd
of Trustees) De Beers Sightholder Sales South
REPSSI Africa
LEZMIN 2619
QCK LEZMIN 4412
QCK LEZMIN 4181
-----------------------------------------
Mr Coltman does not hold any shares in the Company.
ENDS
Enquiries: info@bushveldminerals.com
+27 (0) 11 268
Bushveld Minerals Limited 6555
Fortune Mojapelo, Chief Executive
Chika Edeh, Head of Investor Relations
+44 (0) 20 3470
SP Angel Corporate Finance LLP Nominated Adviser & Broker 0470
Richard Morrison / Charlie Bouverat
Grant Baker / Richard Parlons
+44 (0) 20 7653
RBC Capital Markets Joint Broker 4000
Jonathan Hardy / Caitlin Leopold
Tavistock Financial PR/ Media
+44 (0) 207 920
Gareth Tredway / Tara Vivian-Neal/ Adam Baynes 3150
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a low-cost, vertically integrated primary
vanadium producer. It is one of only three operating primary
vanadium producers, owning 2 of the world's 4 operating primary
vanadium processing facilities. In 2022, the Company produced more
than 3,800 mtV, representing more than three per cent of the global
vanadium market. With a diversified vanadium product portfolio
serving the needs of the steel, energy and chemical sectors, the
Company participates in the entire vanadium value chain through its
two main pillars: Bushveld Vanadium, which mines and processes
vanadium ore; and Bushveld Energy, an energy storage solutions
provider. Bushveld Vanadium is targeting to grow its vanadium
production and achieve an annualised steady state production run
rate of between 5,000 mtVp.a. and 5,400 mtVp.a.
Bushveld Energy is focused on developing and promoting the role
of vanadium in the growing global energy storage market through the
advancement of vanadium-based energy storage systems, specifically
Vanadium Redox Flow Batteries ("VRFBs").
Detailed information on the Company and progress to date can be
accessed on the website www.bushveldminerals.com
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END
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