Business Scope. 2.1 The JV Company's core objective shall be to engage in commercially profitable exploration and mining within the JV Area. The JV Company's business scope shall include the exploration, mining, processing, refining and selling of copper, gold and other related metal and mineral products. 2.2 In addition to the permits that the Chinese Party must transfer to the JV Company in accordance with Article 7.2, the JV Company may also acquire or apply for additional exploration and mining permits around the perimeter area of the JV Area.
Appears in 2 contracts
Sources: Preliminary Joint Venture Agreement (Magnus International Resources, Inc.), Preliminary Joint Venture Agreement (Magnus International Resources, Inc.)