Sir Mick Davis’ Vision Blue Resources (VBR) has made its second strategic investment in battery materials, this time into vanadium mining and processing company Ferro-Alloy Resources Ltd (FAR).
VBR, which was launched in February this year, has led an investment of as much as $12.6 million in FAR, which is listed on the main market of the Stock Exchange in London and is developing the Balasausqandiq vanadium project in the Kyzylordinskaya oblast of southern Kazakhstan.
Other co-investors in FAR include Tony Trahar, former chief executive officer of Anglo American and a former director of Highveld Steel & Vanadium, which was at one point the world’s largest vanadium producer.
Together, the co-investors will make an initial investment of as much as $3.1 million in two stages, which will allow FAR to complete the expansion of its existing processing facilities as well as funding the completion of the Balausa project feasibility study.
FAR is already in production, processing purchased vanadium-containing secondary materials to produce vanadium in the form of ammonium metavanadate (AMV). The company is currently installing…
Other co-investors in FAR include Tony Trahar, former chief executive officer of Anglo American and a former director of Highveld Steel & Vanadium, which was at one point the world’s largest vanadium producer.
Together, the co-investors will make an initial investment of as much as $3.1 million in two stages, which will allow FAR to complete the expansion of its existing processing facilities as well as funding the completion of the Balausa project feasibility study.
FAR is already in production, processing purchased vanadium-containing secondary materials to produce vanadium in the form of ammonium metavanadate (AMV). The company is currently installing…
www.ferroalloynet.com
