Lemur concludes concession agreement for Imaloto power project

Aim-listed Bushveld Minerals’ coal and energy subsidiary Lemur Holdings has executed a 30-year concession agreement with the Madagascar government for the development, construction, operation and maintenance of the Imaloto integrated thermal coal and power project. The concession comes on the back of a full coal mine exploitation licence, which is only one of three currently held by developers in Madagascar, and follows the signing of a 30-year binding power offtake agreement with the Madagascar State-owned utility Jirama.