Bushveld Minerals settles share option dispute with AMCU

Date: Sep 25, 2018

Vanadium producer Bushveld Minerals PLC (LON:BMN) has settled the industrial action that was disrupting production in South Africa.

AMCU members at subsidiary Vametco will receive around R15,000 (£750) each with a second payment to follow after the December year-end.

Bushveld added the unprotected industrial action by the AMCU has been called off and workers have started returning to work.

Talks for new structure underway

The dispute related to a share option scheme for employees (ESOPS) and talks are underway for a new structure to be to be implemented from January 2019

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