Common use of GRANT OF MINING RIGHTS Clause in Contracts

GRANT OF MINING RIGHTS. (a) The Government hereby grants to the Company mining rights to ALL that piece of land described in the schedule hereto and more particularly delineated on the Plan attached and shown edged red (hereinafter called “the Lease Area”) together with mines, beds, seams veins, channels and strata of gold lying and being within and under the surface for a term of thirty (30) years from the date of this Agreement. Such term shall be renewable from time to time in accordance with the Minerals and Mining Law, 1986, PNDC. 153; (b) The Government hereby grants to the Company the exclusive rights to work, develop and produce gold in the Lease Area for the said term of thirty (30) years (including, the processing, storing and transportation of ore and materials together with the rights and powers reasonably incidental thereto) subject to the provisions of this Agreement;

GRANT OF MINING RIGHTS. (a) The Government hereby grants to the Company mining rights to ALL that piece of land described in the schedule hereto and more particularly delineated on the Plan attached and shown edged red (hereinafter called “the Lease Area”) together with mines, beds, seams seams, veins, channels and strata of gold lying and being within and under the surface for a term of thirty fifteen (3015) years from the date of this Agreement. Such term shall be renewable from time to time in accordance with the Minerals and Mining LawAct, 19862006, PNDC. 153; (Act 703). (b) The Government hereby grants to the Company the exclusive rights to work, develop and produce gold in the Lease Area for the said term of thirty (30) years (including, the processing, storing and transportation of ore and materials together with the rights and powers reasonably incidental thereto) subject to the provisions of this Agreement;fifteen

GRANT OF MINING RIGHTS. (a) The Government hereby grants to the Company mining rights to ALL that piece of land described in the schedule hereto and more particularly delineated on the Plan attached and shown edged red (hereinafter called “the Lease Area”) together with mines, beds, seams seams, veins, channels and strata of gold lying and being within and under the surface for a term of thirty fifteen (3015) years from the date of this Agreement. Such term shall be renewable from time to time in accordance with the Minerals and Mining LawAct, 19862006, PNDC. 153; (Act 703). (b) The Government hereby grants to the Company the exclusive rights to work, develop and produce gold in the Lease Area for the said term of thirty (30) years (including, the processing, storing and transportation of ore and materials together with the rights and powers reasonably incidental thereto) subject to the provisions of this Agreement;fifteen