Aim-listed vanadium producer Bushveld Minerals on Thursday announced that all outstanding conditions to the Vanchem and Ivanti acquisition had been fulfilled, effecting the $53.5-million transaction.
Bushveld Minerals acquired the Vanchem plant from Vanchem Vanadium Products (VVP) – a subsidiary of Duferco Vanadium Investment Holding. The company also acquired South African Japan Vanadium Proprietary – a subsidiary of VVP – and all shares of Ivanti Resources from Duferco Participations Holding.