)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Bushveld Minerals
Bushveld Minerals (BMN) investor relations material
Bushveld Minerals has been delisted
Bushveld Minerals Status Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Status Update summary12 Nov, 2024
Operational performance and cost management
Q3 2024 vanadium production was 855 mtV, down 14.5% year-on-year; 9M 2024 production was 2,546 mtV, down 8.5% from 2023, both impacted by maintenance shutdowns and cash flow constraints.
Q3 group sales were 859 mtV, up 1.2% year-on-year; 9M 2024 sales were 2,492 mtV, down 15.4% from 2023.
Weighted average production cash cost for Q3 2024 was $27.50/kgV and for 9M 2024 was $27.80/kgV, both up year-on-year, influenced by lower production and a stronger Rand.
Vametco's Q3 2024 production was 485 mtV, with costs at $30.9/kgV, affected by maintenance shutdowns and cash flow issues.
Vanchem's Q3 2024 production was 370 mtV, with costs at $23.1/kgV; Vanchem sale completed in November 2024.
Financial and strategic actions
Cost-cutting measures, including workforce reductions at Vametco and head office, and asset disposals (Lemur and Vanchem) are underway, targeting $8–10 million annualized savings by end-2025.
Lemur disposal removed a $2.5 million liability to the Development Bank of South Africa.
Completion of the Vanchem sale means Vanchem is no longer part of the group; all conditions, including regulatory approval, have been met.
Vametco is now the core asset following these disposals.
Manual efforts reduced the Barren dam level by approximately two meters, reflecting a focus on safety and operational effectiveness.
Financial position and liquidity
Guidance for 2024 has been suspended due to working capital constraints.
Current funds are insufficient to sustain operations and meet immediate liabilities; active engagement with stakeholders is ongoing to address liquidity.
Liquidity issues have led to a controlled slowdown of production at Vametco, pending further funding.
Options to improve liquidity are being assessed with shareholders, lenders, and advisors, with updates to be provided when material developments occur.
Deferred consideration from the Vanchem sale will be received over three years, with a minimum of $5 million per year, paid quarterly.
What is the immediate plan to sustain operations?
What is the strategy for Vametco as core asset?
How does vanadium price uptick impact current plans?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Bushveld Minerals
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Bushveld Minerals Limited is a mining company with a focus on the production and development of vanadium and vanadium-related products. The company is involved in the exploration, extraction, processing, and sale of vanadium, a metal used primarily as an alloy to strengthen steel and titanium. Bushveld Minerals operates several projects and processing facilities, mainly in South Africa. Its activities include the mining of vanadium ore, as well as the manufacturing and selling of various grades of vanadium products for use in the steel, energy storage, and chemical sectors. The company is headquartered in Johannesburg, South Africa, and its shares are listed on the London Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage