Production started in January at Atlantic's Windimurra mine in Western Australia. Ferrovanadium supply from the mine is expected to account for more than a tenth of world supply, helping turn the corner in a sector dominated by China, South Africa and Russia.
Midwest Vanadium, a unit of Atlantic Limited (ASX:ATI), is marketing a $335 million bond sale to garner development funds for the Windimurra vanadium mine in Western Australia.
While China, Russia and South Africa all have significant vanadium resources that are currently in production Australia is poised to become a world leader and other vanadium deposits including those in Peru, Australia, Colorado and Utah, all have commercial potential.
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