Bushveld Minerals Considers Splitting Off Tin Projects

Business Day report Bushveld Minerals (LSE:BMN) says it will not list on the JSE any time soon, but it is considering spinning out its tin prospects.

As quoted in the market news:

The company also owns tin deposits south of the town of Mokopane, where it is in a scoping phase too. The aim is to start production in two years, but Bushveld has to decide whether to spin out a separately listed, tin-focused company or to keep it in the group and put the profits towards the iron project, Mr Mojapelo said.

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