NATIONAL INTEREST MINERALS Sample Clauses

NATIONAL INTEREST MINERALS. National Interest Minerals are those minerals which, by their nature, are strategic to a nation’s economic and political well-being. They are usually not only used for economic purposes but also for ensuring the stability of the nation state too. A typical example of a mineral being considered one of “National Interest” is coal. At the onset of its exploitation, the Colonial Government and the newly independent Government in the early sixties employed coal as the sole source of power that moved the railways system, powered the cement factories and generated electricity at the Oji River.14 Its use was of prime national importance to the nation as it moved the wheels of the two dominant areas of the economy then, to wit, transportation and power. It was therefore apposite to consider the mineral to be of national interest and categorized as such.
Sample 1
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Related to NATIONAL INTEREST MINERALS

  • Financial Interest A person has a financial interest if the person has, directly or indirectly, through business, investment, or family:

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  • Payable Interest Except as required and provided for by the Florida Local Government Prompt Payment Act, City shall not be liable for interest for any reason, whether as prejudgment interest or for any other purpose, and in furtherance thereof Contractor waives, rejects, disclaims and surrenders any and all entitlement it has or may have to receive interest in connection with a dispute or claim based on or related to this Agreement.

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