Rand Refinery definition
Examples of Rand Refinery in a sentence
Such adjustment shall be deemed to have been accepted by the Depositor unless the Depositor notifies Rand Refinery, in writing, within 3 days of receipt of such notice of amendment of its objection to same in which event the Parties shall meet to reach agreement within 10 Business Days of the date of delivery of the objection notice.
According to the Mining Charter,” mining companies may offset the value of the level of beneficiation achieved by the company against a portion of its HDSA ownership requirements not exceeding 11 percent.” AGA owns 42.4% of Rand Refinery situated at Springs Town, near Johannesburg, which beneficiates gold for all of South Africa’s gold mines.
The written agreement entitled “Refining Agreement” concluded amongst Sibanye and Rand Refinery Proprietary Limited.
All payments by Rand Refinery to the Depositor shall be made into the Designated Account within two (2) Business Days after the price for the Payable Gold or Payable Silver has been finally determined in terms of this clause 15 read with clause 14.
If You choose to keep Your Krugerrand/s in custody, FNB has appointed Rand Refinery Limited, or such other party as FNB shall from time to time consider fit, as the Third Party Service Provider to provide the custody services in respect on Your Krugerrand/s.
After taking into account the process losses of the Ore treated at the Plant, Somilo shall pay Gounkoto for the gold and silver content based on the final precious metal receipt from Rand Refinery.
As soon as possible after delivery of the Cancellation Notice, the Material shall either (i) be returned to or collected by the Depositor, or (ii) dealt with by Rand Refinery in accordance with reasonable written instructions received from the Depositor, at the Depositor's cost.
The Depositor wishes to appoint Rand Refinery to perform certain work and provide certain services, as its agent, relating to the recovery of precious metals from the Material; which appointment Rand Refinery hereby accepts, on the terms and conditions contained in this Contract.
The Parties hereby undertake in favour of one another not to dispose of, or cause the disposition of, the Rand Refinery Shares for a period of 180 (one hundred and eighty) days commencing on the Signature Date ("Moratorium Period") other than in accordance with this clause 20.
Rand Refinery shall as soon as possible after the weighing, sampling and assay process will have been completed advise, by notice in writing, the Depositor of both weights with a Precious Metal Receipt Voucher as referred to in clause 12.