Examples of Minerals Act in a sentence
Otherwise the license may be revoked in accordance with Section 128 of the Minerals Act B.E. 2560.
All references to petroleum exploration and prospecting licences and to petroleum mining leases occurring in the Minerals Act shall on the coming into force of this Act be deemed to have been repealed.
The Working Interest Owner in each Tract shall calculate the royalty for that Tract: on the total amount of Production Allocation Substances produced from the Well, and at the rate under the Lease or pursuant to the Mines and Minerals Act, as the case may be, and shall pay or deliver to the Royalty Interest Owner in the Tract a royalty share of production based on the amount of Production Allocation Substances allocated to the Tract.
GOSL will keep confidential all information provided to it by LONDON MINING, whether before or after the date of this Agreement, and confirms that it shall not disclose such information to any third party without the prior written consent of LONDON MINING and in accordance with the Minerals Act.
The initial programme of mining operations shall be subject to the approval of the Director of Mines in accordance with Section 110(2) of the Mines and Minerals Act, and any amendment to the programme of mining operations shall be subject to the approval of the Minister of Mineral Resources in accordance with Section 113(2) of the Mines and Minerals Act.
Any reference in the Minerals Act to “large scale mining licenses” shall be construed to refer to and include the Mining Lease referred to herein, in so far as that reference in the Minerals Act is applicable to this Agreement.
Subject to Section 113(5), and Section 167 of the Minerals Act, LONDON MINING shall have the right to export all iron ore and associated minerals or mineral concentrates raised or obtained in the course of mining operations to any country other than countries to which the laws of the Republic of Sierra Leone prohibit such exports.
If at any time (i) aggregate Project Revenues exceed (ii) aggregate Project Costs plus a return allowance on Project Costs equal to the “return allowance rate” (as defined in the Oil Sands Allowed Costs (Ministerial) Regulation (excluding any amendments made after the date of this Agreement) made under the Mines and Minerals Act (Alberta) plus 2% per annum, the Project shall be considered to be in a “Net Revenue Position”.
Subject to the provisions of the Mines and Minerals Act the Government shall process any such application and grant any right to which the Company is entitled under that Act.
It is understood that the option to apply is no assurance of the grant of those licenses, as referred to above to LONDON MINING, which such application will be disposed of as provided in respective provisions of the Minerals Act, nor that the fiscal advantages contained in this Agreement shall automatically apply to iron ore mined from these additional areas.