Lemur advances Madagascar coal asset

Aim-listed Bushveld Minerals subsidiary Lemur Resources' Imaloto coal asset in Madagascar is at an advanced development stage, being fully explored and ready to start mining, subject to environmental approvals, says Lemur Resources CEO Prince Nyati, who reiterates that all effort and development activities remain focused on making the project bankable. "We have not started operations [at the coal mine] as we are in the process of completing a social- and environmental-impact assessment (SEIA). Notwithstanding this, we have strictly aligned our SEIA process with the International Finance Corporation standards," he tells Mining Weekly.