Deal #6276
Madagascar
Created at
2014-10-08
Last update
2020-01-23
Land area
Intended size
8 125 ha
Size under contract (leased or purchased area)
- [2018, current] 8125.0 ha
Comment on land area
The project consist of four exploration permits and one mining and exploitation permit covering a total area of approximately 81.25 square kilometres, which is approximately 8125 hectares.
Intention of investment
Intention of investment
- [2019, current] Mining
Comment on intention of investment
To build a coal-fired power station in Madagascar.
Nature of the deal
Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The project consist of four exploration permits and one mining and exploitation permit.
Negotiation status
Negotiation status
- [2018, current] Concluded (Contract signed)
Comment on negotiation status
In May 2018, Bushveld Minerals signed a 30-year concession agreement with the Madagascan government giving Bushveld subsidiary Lemur Holdings Ltd the right to build, own, operate and maintain an initial 60MW coal plant and build a 200km 138kV transmission line.
Implementation status
Implementation status
- [current] Startup phase (no production)
Comment on implementation status
The plant commissioning date is expected in 2021, subject to approvals and financial close on approximately US$200 million of funding.