DOWNSTREAM PROCESSING. (1) Having regard to the Territory's intention to have established downstream processing within the Northern Territory, the Company shall in accordance with this clause, unless otherwise agreed in writing by the Minister, investigate downstream processing of zinc, lead and silver within the Northern Territory. (2) The Company shall within 7 years of the date of this Agreement and every 5 years thereafter provide to the Minister, unless otherwise agreed in writing, a written report setting out the technical and economic feasibility of downstream processing of zinc, lead and silver. (3) The Company shall use its best endeavours to encourage and support downstream processing of zinc, lead and silver within the Northern Territory if it is technically feasible and commercially sound. (4) Nothing in this clause shall oblige the Company to disclose its own confidential information or any information the disclosure of which will or may be in breach of any obligation (whether statutory or otherwise) and which in either event will or may render the Company liable to a fine, penalty, forfeiture or detriment of any kind. (5) Nothing in this clause shall oblige the Company to process or sell the Ore or Concentrate on other than commercial terms acceptable to it or impinge upon or restrict in any way the rights of the Company to enter into and comply with contracts for the sale of zinc, lead and silver in any form.
Appears in 7 contracts
Samples: McArthur River Project Agreement, McArthur River Project Agreement, McArthur River Project Agreement
