Examples of Ministry of Mines in a sentence
The Company is required to have a bond in place in an amount determined by the Ministry of Mines to provide for the costs of reclamation of the site disturbances.
The international parity price is the daily price of gasoline and diesel oil of the respective month in Colombian pesos, indexed to the United States of America Gulf market, calculated in accordance with Resolution 18 0522 of 2010 and the Producer Price reference defined by the Ministry of Mines and Energy.
The recoverable value of these assets was determined based on its fair value with disposal costs with value hierarchy 3, which corresponds to discounted cash flows based on the hydrocarbon production curves and rates regulated by the Ministry of Mines and Energy and the Energy and Gas Regulating Commission - CREG.
In accordance with Decree 1068 of 2015, the Ministry of Mines and Energy calculates semi- annually and settles Ecopetrol’s net position to be stabilized for each fuel by the Fuel Price Stabilization Fund (FEPC, for its acronym in Spanish).
Because of the business nature, the Company has a direct relationship with ANH, an entity which operates under the Ministry of Mines and Energy rules, of which objective is to manage the oil and gas reserves and resources owned by the Colombian Nation.
On December 17, 2018, the Niger Ministry of Mines extended the Exploration Permits for Adrar Emoles 3 and 4 for a further 2 years to January 29, 2021.
The concessions were granted by the Venezuelan Ministry of Mines and Basic Industries (“MIBAM”) or by Corporacion Venezolana de Guayana (“CVG”), maturing in 20 to 25 years from initial grant date, with some concessions extendable for two additional subsequent periods of 10 years each.
On January 17, 2013, the Niger Ministry of Mines approved the Company’s renewal of both Exploration Permits, subject to the relinquishment of 50% of the surface area as per the requirements of the Niger Mining Code.
On December 17, 2018, the Niger Ministry of Mines extended the Exploration Permits for Tin Negoran 1, 2, 3 and 4 for a further 2 years to January 29, 2021.
On January 29, 2016, the Republic of Niger Ministry of Mines approved GAFC’s renewal of Adrar Emoles 3 and 4 Exploration Permits, subject to the relinquishment of a further 50% of the remaining surface area as per the requirements of the Niger Mining Code for a period of three years commencing the date of renewal.