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Orion to cover Bushveld's convertible loan in full

AIM-listed vanadium producer Bushveld Minerals has tweaked its funding arrangement with Orion Mine Finance, with the investment firm agreeing to cover the entirety of a US$35 million convertible loan.

Staff reporter
Aerial view of Bushveld's Vametco 8km northeast of Brits in the North West Province, South Africa.mine,

Aerial view of Bushveld's Vametco 8km northeast of Brits in the North West Province, South Africa.mine,

Under an initial agreement, struck at the end of September, Orion was to contribute US$10-20 million, with investors making up the balance of the loan. The facility will be used to refurbish Bushveld's...

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