OTHER MINERALS Sample Clauses
The "Other Minerals" clause defines the rights and limitations regarding minerals other than oil and gas that may be present on a leased property. Typically, this clause clarifies whether the lessee has the authority to explore for, extract, or profit from substances such as coal, gravel, or precious metals, or if those rights are reserved to the lessor or a third party. By specifying the scope of mineral rights, the clause prevents disputes over ownership and use of non-oil and gas minerals, ensuring clarity and avoiding overlapping claims.
OTHER MINERALS. 21.1 When any mineral (other than Petroleum and minerals necessary for the generation of nuclear energy) is discovered by Operator and THE PRESIDENT does not have a pre-existing policy for development and exploitation of such mineral by a non-Pakistani company, the Operator can elect within six (6) Months after the date on which Operator notifies the Director General Petroleum Concessions of such discovery, to develop and exploit such mineral subject to reaching an accord with the appropriate licensing authority as to the terms and conditions of an agreement governing the development and exploitation of such mineral.
21.2 Discovery of all minerals necessary for the generation of nuclear energy, including inter alia Uranium, Thorium, Zirconium, Niobium, Hafnium, Lithium and Vanadium shall be reported by Operator to the Pakistan Atomic Energy Commission and the Director General, Petroleum Concessions. The Working Interest Owners shall have no right to develop and exploit such nuclear minerals unless specific approval/ concurrence is given by the Pakistan Atomic Energy Commission for the development and exploitation of these nuclear minerals.
21.3 Minerals, other than those necessary for the generation of nuclear energy, produced in suspension or combination with Petroleum, shall belong to the Working Interest Owners, subject to payment of royalty if marketed. Royalty shall be at the rate specified by the appropriate authority.
21.4 The income derived from the minerals, produced in suspension or combination with Petroleum, shall be governed by Part II of the Fifth Schedule of the Income Tax Ordinance 2001 (No. XLIX of 2001) as amended from time to time.
21.5 The rights granted to the holder of a Petroleum right shall not in any way prejudice or affect any of the powers of THE PRESIDENT as provided for in the Rules.
OTHER MINERALS. The Payor shall pay the Royalty for each shipment of Other Minerals by delivery of a cheque or draft payable to Franco's account with a bank to be designated in writing by Franco.
OTHER MINERALS. 22.1 Contractor shall promptly report to the DGPC the Discovery of any potentially producible minerals. Contractor shall also promptly report to the Pakistan Atomic Energy Commission and the DGPC the Discovery of any minerals necessary for the generation of nuclear energy. Nothing in this Agreement entitles the Contractor to develop or exploit such minerals.
OTHER MINERALS. When any mineral (other than Petroleum and minerals necessary for the generation of nuclear energy) is discovered by Operator and THE PRESIDENT does not have a pre- existing policy for development and exploitation of such mineral by a non-Pakistani company, the Operator can elect within six (6) Months after the date on which Operator notifies the Director General Petroleum Concessions of such discovery, to develop and exploit such mineral subject to reaching an accord with the appropriate licencing authority as to the terms and conditions of an agreement governing the development and exploitation of such mineral.
OTHER MINERALS. The average monthly price for Minerals other than silver and copper shall be calculated by dividing the sum of all of the daily London Metal Exchange spot prices for the final refined product of such Minerals reported for the month by ▇▇▇▇▇’▇ Metals Week, by the number of days during that month for which such prices were reported.
OTHER MINERALS. When any mineral, other than Petroleum and minerals necessary for the generation of nuclear energy, is discovered by the Working Interest Owners and the President does not have a pre-existing policy for development and exploitation of such mineral by a non-Pakistani corporation, a Working Interest Owner shall have the right to elect within six (6) months after the date on which Operator notifies the Director General Petroleum Concessions of such discovery, to develop and exploit such mineral subject to reaching an accord after such election with the appropriate licensing authority as to the terms and conditions of an agreement governing the development and exploitation of such mineral. The minerals necessary for the generation of nuclear energy include, among others:
OTHER MINERALS. The PURCHASER shall in addition make a financial payment for the exploitation within the CONCESSION of any natural resource other than gypsum, exploitation being understood as that term as defined in item number 4.
1. If the materials are nonmetallic, their content in metric tons (MT) shall be converted into MT of gypsum (reference product) applying the following formula: E = A x PA / PI Where E : Equivalent weight in MT of product “A” in MT of reference product A : Additional weight of product “A” PA : Market price of additional product “A” PI : Market price of reference product “I” If the extracted minerals are metallic, the amount of the deferred biannual payment shall be set at that time by the PARTIES in accordance with the applicable conditions as a function of the corresponding market for those minerals. In the event of any dispute, recourse shall be made to the conflict-resolution mechanisms set forth in the present AGREEMENT.
1. Declaration of Compliance for Port Facility No. 031-2009-DCIP-APN – Code PBIP.
2. Port Security Certificate granted by the NPA.
3. ISO 9001-2008 Certificate granted by ABS Quality Evaluations.
4. Recognition of the Quality Certificate issued by the NPA.
5. License to Function as issued by the Sechura Provincial Municipality.
6. License issued by NPA No. 165-2015-APN/GG- Loading and Unloading Company.
7. Authorization for Concession of an Aquatic Area – Directoral Resolution No. 0451-2003/DCG (this area is currently controlled by the NPA).
8. Report No. 472-2003-SUNAT-3A1100 Extension of Primary Customs Zone.
OTHER MINERALS. Subject to the provisions of Clause 20, the Joint Venturers shall pay to the State in respect of all minerals other than diamonds produced or obtained from the areas the subject of this Agreement royalties at the rates from time to time prescribed under or pursuant to the Mining ▇▇▇ ▇▇▇▇ or the Mining ▇▇▇ ▇▇▇▇ as the case may be. Valuation and auditing procedures
OTHER MINERALS. Except for the limitation with respect to resource sustainability to Section 2.2 above, nothing in this Agreement restricts or encumbers the right of CalEnergy with respect to the development of Minerals Facilities in connection with the Existing Facilities or future Power Plants or the Zinc Recovery Project. El Paso and the Company expressly acknowledge that except as expressly provided in connection with the option provided with respect to a Combined Facility set forth in Section 2.2 above, neither El Paso nor the Company have any right or interest to participate in any Mineral Facilities or receive any payment with respect thereto. It is further expressly acknowledged that neither the Company nor El Paso has any right or interest to participate or receive any payment with respect to the Excluded Assets (as defined in the Purchase Agreement) and any expansions or modifications thereof.
OTHER MINERALS. The market value of payable minerals, other than copper, lead, zinc, gold and silver, that are mined and removed from the Property shall be established by using the average of market value indicators, comparable to those indicators described in clauses (1) through (3) above, for such other minerals for the month in which such other minerals are removed from the Property. . In the event that at the time of further processing or sale (as the case may be) any of the market indicators designated in clauses (1) through (4) above are no longer being published, are not in use in the market place, or are not representative of commercially justified prices, the parties in good faith shall select and establish new market indicators that are representative of commercially justified prices