New Order Mining Right definition

New Order Mining Right means the mining right into which it is intended that the Old Order Mining Right will be converted in terms of clause 4.1.4;
New Order Mining Right means the Notarial Mining Lease in respect of the Steenkampskraal Project which was converted to a Converted Mining Right on June 2, 2010, and which 20-year right is contained within Portion 1 of the
New Order Mining Right means the mining right into which it is intended that the Old Order Mining Rights will be converted in terms of clause 3.1.2;

Examples of New Order Mining Right in a sentence

  • Burnstone Property Granting of the New Order Mining Right by the Department of Minerals and Energy (“DME”) on October 28, 2008 to the Company’s wholly owned subsidiary, Southgold Exploration (Pty) Ltd (“Southgold”), authorizing Southgold to mine for gold, silver and aggregate in the Burnstone Project area.

  • This mineral right does not relate to the application lodged for the New Order Mining Right applied for by Eersteling Gold Mine.

  • Pre-development expenses for the Burnstone project were expensed until October 28, 2008 when the New Order Mining Right was received.

  • Burnstone PropertyGranting of the New Order Mining Right by the Department of Minerals and Energy (“DME”) on October 28, 2008 to the Company’s wholly owned subsidiary, Southgold Exploration (Pty) Ltd (“Southgold”), authorizing Southgold to mine for gold, silver and aggregate in the Burnstone Project area.

  • The allocation of the Purchase Consideration to be recommended by theSeller to the DME in respect of the Effective Value Determination shall be 40% (forty percent) in respect of the New Order Mining Right and the New Order Prospecting Right and 60% (sixty percent) in respect of the remaining Business Assets.

  • The Kalgold Mining Right, which encompassed 615ha, was successfully converted, executed, and registered as a New Order Mining Right on 24 February 2015 as MR12/2015 under Mining Right Protocol 574/2008.


More Definitions of New Order Mining Right

New Order Mining Right means the new order mining right which the Company has applied for in terms of the Conversion Application;
New Order Mining Right means, individually or collectively as the context may require, the mining right or mining rights, as contemplated in the MPRDA, to be acquired by –

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