We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

LAND TENURE AND MINERAL RIGHTS Sample Clauses

LAND TENURE AND MINERAL RIGHTSDetails of Exploration Rights or “
LAND TENURE AND MINERAL RIGHTSDetails of the tenements held by MCC are shown in Tables 7.1 to 7.4. All of the tenements are Exploration Licences and are in good standing. Exploration licences (EL’s) provide a right to explore the area. Prior to any development of the project, Mining Leases (ML’s) need to be granted. This process can take several years and requires negotiation with government departments and environmental authorities. The region is also subject to the Aboriginal Heritage Act and requires a Native Title agreement to be negotiated with the traditional Aboriginal owners of the land. Within the tenement areas are existing small mining leases held by other parties involved in the production of river sand, gravel and aggregate. Miscellaneous Licences also surround the rail, power and gas infrastructure that crosses the CLIO tenements. Agreements need to be reached with the owners of these various licences prior to the conversion of the EL’s to ML’s. Title Exploration Licence No E47/1233 Owner Cape Xxxxxxx Iron Ore Ltd Mine/Project Name n/a Mine Method n/a Permit Capacity n/a Permit Area 25 blocks Permit Depth n/a Valid Date . . . . . . . . . . . . . . . . . . . . November, 17th 2005 - November 16th 2010 Issue Date November, 28th 2002 Issuer Department of Industry and Resources, Western Australian Government Title Exploration Licence No E47/1248 Owner Cape Xxxxxxx Iron Ore Ltd Mine/Project Name n/a Mine Method n/a Permit Capacity n/a Permit Area 4 blocks Permit Depth n/a Valid Date . . . . . . . . . . . . . . . . . . . . January, 23rd 2006 - January 22nd 2011 Issue Date January, 23rd 2003 Issuer Department of Industry and Resources, Western Australian Government Title Exploration Licence No E47/1271-I Owner Cape Xxxxxxx Iron Ore Ltd Mine/Project Name n/a Mine Method n/a Permit Capacity n/a Permit Area 20 blocks Permit Depth n/a Valid Date . . . . . . . . . . . . . . . . . . . . September, 6th 2006 - September 5th 2011 Issue Date July, 11th 2003 Issuer Department of Industry and Resources, Western Australian Government Title Exploration Licence No E47/1462 Owner Cape Xxxxxxx Iron Ore Ltd Mine/Project Name n/a Mine Method n/a Permit Capacity n/a Permit Area 70 blocks Permit Depth n/a Valid Date . . . . . . . . . . . . . . . . . . . . March, 24th 2006 - March 23rd 2011 Issue Date October, 28th 2004 Issuer Department of Industry and Resources, Western Australian Government M-MC provides this information for reference only and recommends that land titles and ownership rights be rev...

Related to LAND TENURE AND MINERAL RIGHTS

  • Mineral Rights It is agreed and understood that all rights under the soil, including but not limited to water, gas, oil, and mineral rights shall be transferred by the Seller to the Buyer at Closing.

  • Water Rights Water rights and/or water shares used in connection with the Property;

  • General Rights The management of the Employer’s operations and the direction of the working forces, including the hiring, firing, promotion and demotion of employees, is vested exclusively in the Employer except as may be otherwise specifically provided in this Agreement.

  • MINES The Contractor represents and warrants that neither it, its parent entities (if any), nor any of the Contractor’s subsidiaries or affiliated entities (if any) is engaged in the sale or manufacture of anti-personnel mines or components utilized in the manufacture of anti-personnel mines.

  • Minerals The seller’s share of minerals (if any) will NOT transfer with the surface at closing.

  • Operatorship Purchaser acknowledges that Vendor is unable to assign to Purchaser operatorship of the Assets, if any, operated by Vendor and in respect of which Vendor does not have a 100% interest. Vendor shall, however, use reasonable best efforts to assist Purchaser in its attempts to obtain operatorship.

  • Title to Properties; Leases Except as indicated on Schedule 7.3 hereto, the Borrower and its Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.

  • Leaseholds If the Mortgage Loan is secured by a long-term residential lease, (1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor's consent and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the termination thereof upon the lessee's default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice;

  • Third-Party Agreements and Rights The Executive hereby confirms that the Executive is not bound by the terms of any agreement with any previous employer or other party which restricts in any way the Executive’s use or disclosure of information or the Executive’s engagement in any business. The Executive represents to the Company that the Executive’s execution of this Agreement, the Executive’s employment with the Company and the performance of the Executive’s proposed duties for the Company will not violate any obligations the Executive may have to any such previous employer or other party. In the Executive’s work for the Company, the Executive will not disclose or make use of any information in violation of any agreements with or rights of any such previous employer or other party, and the Executive will not bring to the premises of the Company any copies or other tangible embodiments of non-public information belonging to or obtained from any such previous employment or other party.

  • Groundwater Any water, except capillary moisture, beneath the land surface or beneath the bed of any stream, lake, reservoir or other body of surface water within the boundaries of this state, whatever may be the geologic formation or structure in which such water stands, flows, percolates, or otherwise moves.