Settlement reached over Madagascar mining licence – Bushveld Minerals

June 14, 2016

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Aim-listed Bushveld Minerals’ subsidiary Lemur Resources has reached a settlement with a claimant Rahajasoamampionona Ramiaramanana over mining licence 4578 within Lemur’s Imaloto power project coal concession, in Madagascar. Under the terms of the settlement agreement signed between Lemur’s operating entity Coal Mining Madagascar and the claimant, the claimant undertook to give up all claims pertaining to the mining licence.

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