Class A Mining License Sample Clauses

Class A Mining License. Upon receipt of Notice from the CONCESSIONAIRE, the GOVERNMENT shall from time to time grant the CONCESSIONAIRE a Class A Mining License for each proposed Production Area, substantially in the form as attached hereto as Appendix E, subject to the following conditions: a. This Agreement shall have become effective in accordance with Article II. b. The CONCESSIONAIRE shall have completed an evaluation of the existing exploration data and submitted to the GOVERNMENT a detailed map and descriptive statements on the boundaries and size of the deposits from which Production will be carried out pursuant to Article VI, Section 2 below; and c. The CONCESSIONAIRE shall have completed a Feasibility Report describing a plan for the efficient and economic conduct of the Operations in the proposed Production Area, including a description of the proposed mining and processing methods, the design, costs and construction schedules for the proposed facilities and equipment and the marketing arrangements contemplated. The GOVERNMENT shall not withhold or unreasonably delay its approval of the Feasibility Report and shall grant its approval if the Feasibility Report, or any amendment made to it by the CONCESSIONAIRE, reasonably complies with the provisions of the Minerals and Mining Law and the provisions of this Agreement. The GOVERNMENT shall, in the event of any delay in or denial of approval of the Feasibility Report, promptly give to the CONCESSIONAIRE full details, in writing, of its reasons for withholding or delaying approval. If in the CONCESSIONAIRE's opinion, any such approval has been wrongfully withheld or unreasonably delayed, it may invoke the provisions of Article XXXI on arbitration.
Sample 1
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