A day after halting trading in its shares on the LSE owing to liquidity constraints, integrated vanadium producer Bushveld Minerals has placed its principal operating subsidiary Bushveld Vametco Holdings (VBH), along with Bushveld Vametco Alloys and Bushveld Minerals SA – its South African entities – in business rescue. A business rescue proceeding affords the South African entities protection from legal action while their future is assessed and potential plans to rescue the business are implemented.
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