1 contents highveld steel and vanadium corporation limited registration number 1960 001900 06 incorporated in the republic of south africa share code hvl isin zae 000003422 a member anglo american plc group history 2 salient information 3 shareholders 4 notice to members 5 diary distributions directorate administration 6 chairman s review 7 value added statements 11 report independent auditors 12 compliance statement by company secretary annual financial index directors 13 income 20 balance sheets 21 cash flow 22 changes equity 23 notes 24 ten year 40 electrolyte tanks right cells below prototype redox battery 1957 minerals engineering colorado opened plant at witbank designed produce approximately million kilograms pentoxide annually november 1959 acquired two third august name was changed transvaal proprietary development established on 19 may investigate viability processing titaniferous magnetite