Examples of Mining Concession in a sentence
EMEM 5% investment in NCCMLAlong with the issuance of the Mining Concession, Ncondezi’s local subsidiary NCCML also concluded an Addendum to Mine Framework Agreement (“MFA”) with Mozambican Ministry of Mineral Resources and Energy.
On March 26, 2009, the Company amended its Mining Concession Transfer Agreement ("Concession Transfer Agreement") with Amazonas on its Bongara claim block in northern Peru.
The agreement reached between BAT, its subsidiaries and Nedeel LLC, was for $50,000 in cash and a 1% royalty (which may be sold for US$1m up to the date of 730 days after the grant of a Mining Concession on either or both of the tenements).
This Mining Concession is in turn surrounded by an Exploration Concession, signed in 2006, covering an area of 549km2.
The Exploration Company shall be responsible for payment of mining duties owing on the Mining Concession, including principal amount, late payment charges and inflationary adjustments, from January 1,2004.