Common use of Mining Act Clause in Contracts

Mining Act. The provisions of the Mining Act shall be applicable to this Agreement, except insofar as otherwise provided in this Agreement. Mineral Agreement between ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ of Suriname and Suriname Gold Company LLC Appendix belonging to letter no. 1816/13 ACT of September 10, 2013 containing permission to enter into a Mineral Agreement with Suriname Gold Company LLC concerning the area known as Merian, District of Sipaliwini. (Act Merian Gold Project). ▇▇▇▇ Having taken in consideration that – with a view to the development of the mineral potential of Suriname – it is necessary to give the Government of the Republic of Suriname permission to enter into an agreement with Suriname Gold Company LLC; Having heard the Council of State, after approval by the National Assembly, has passed the following act: 1. The Government of Suriname is given permission to enter into an agreement with Suriname Gold Company LLC, a legal person according to the law of the State of Delaware (United States of America), for the commercial exploitation of gold and associated metals in the area known as ‘Merian’ in the District of Sipaliwini, which agreement, including its appendices, is contained in the appendix belonging with the law. 2. The Minister of Natural Resources and the Minister of Finance are authorized to sign the agreement referred to in Paragraph 1 for and on behalf of the Republic of Suriname. 3. Any intended participation of the State of Suriname in any mining right will be effected through a company in which the State of has full control, which company will participate in accordance with the appendices of the agreement referred to in Article 1 Paragraph 1.

Appears in 1 contract

Sources: Mineral Agreement

Mining Act. The provisions of the Mining Act shall be applicable to this Agreement, except insofar as otherwise provided in this Agreement. Mineral Agreement between ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ The Republic of Suriname and Suriname Gold Company LLC 65 Appendix belonging to letter no. 1816/13 ACT of September 10, 2013 containing permission to enter into a Mineral Agreement with Suriname Gold Company LLC concerning the area known as Merian, District of Sipaliwini. (Act Merian Gold Project). ▇▇▇▇ Having taken in consideration that – with a view to the development of the mineral potential of Suriname – it is necessary to give the Government of the Republic of Suriname permission to enter into an agreement with Suriname Gold Company LLC; Having heard the Council of State, after approval by the National Assembly, has passed the following act: 1. The Government of Suriname is given permission to enter into an agreement with Suriname Gold Company LLC, a legal person according to the law of the State of Delaware (United States of America), for the commercial exploitation of gold and associated metals in the area known as ‘Merian’ in the District of Sipaliwini, which agreement, including its appendices, is contained in the appendix belonging with the law. 2. The Minister of Natural Resources and the Minister of Finance are authorized to sign the agreement referred to in Paragraph 1 for and on behalf of the Republic of Suriname. 3. Any intended participation of the State of Suriname in any mining right will be effected through a company in which the State of has full control, which company will participate in accordance with the appendices of the agreement referred to in Article 1 Paragraph 1.

Appears in 1 contract

Sources: Mineral Agreement (Newmont Mining Corp /De/)