Bushveld Minerals to debut on AIM on March 26th
South African iron-ore and tin miner Bushveld Minerals' debut on the AIM market is scheduled for Monday, January 26th.
South African iron-ore and tin miner Bushveld Minerals' debut on the AIM market is scheduled for Monday, January 26th.
The company, which has raised £5.7m through the issue of shares at 20p a share, will have an initial stock market capitalisation of around £57m.
The funds raised will go towards drilling costs to further explore its Bushveld Iron Ore asset, which comprises two licences covering 7,000 hectares: the Mokopane vanadiferous titanomagnetite (VTM) project and the Mokopane tin project.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The asset has a JORC (Joint Ore Reserves Commmittee - an Australasian industry body) compliant open-castable resource in excess of 600m tonnes from a 4.5 kilometre (km) strike length.
The company's Nominated Adviser rates the shares as a "speculative buy" at present, with the expectation that as the project is "de-risked" - i.e. the company gathers more data about the resource and how much it will cost to dig it up - the value of the company will "increase rapidly".
The broker says that the Mokopane iron ore deposit is located "within a prolific mining district which boasts extensive infrastructure, a rare thing for a junior iron ore explorer."
"There is plenty of upside in the iron story, with only approximately 4 km of a
known 12 km strike length being drilled and defined as a resource. The titanium
content, inherent in the iron ore is also a possible metal credit although
metallurgical test work is required to confirm this," the broker added.
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”