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Guernsey-registered Bushveld Minerals Ltd announced on 22 May that it has signed a 30-year concession agreement with the Madagascan government for its Imaloto integrated coal power project. The concession follows the signing of a power purchase agreement (PPA) with national utility Jiro sy Rano Malagasy (Jirama) for the project in November 2017. The plant is scheduled to begin operating by 2021.