OTHER MINERALS. 21.1 When any mineral (other than Petroleum and minerals necessary for the generation of nuclear energy) is discovered by Operator and THE PRESIDENT does not have a pre- existing policy for development and exploitation of such mineral by a non-Pakistani company, the Operator can elect within six (6) Months after the date on which Operator notifies the Director General Petroleum Concessions of such discovery, to develop and exploit such mineral subject to reaching an accord with the appropriate licencing authority as to the terms and conditions of an agreement governing the development and exploitation of such mineral.
OTHER MINERALS. The Payor shall pay the Royalty for each shipment of Other Minerals by delivery of a cheque or draft payable to Franco's account with a bank to be designated in writing by Franco.
OTHER MINERALS. 22.1 Contractor shall promptly report to the DGPC the Discovery of any potentially producible minerals. Contractor shall also promptly report to the Pakistan Atomic Energy Commission and the DGPC the Discovery of any minerals necessary for the generation of nuclear energy. Nothing in this Agreement entitles the Contractor to develop or exploit such minerals.
OTHER MINERALS. The average monthly price for Minerals other than silver and copper shall be calculated by dividing the sum of all of the daily spot prices for the final refined product of such Minerals reported for the month by Pxxxx’x Metals Week, by the number of days during that month for which such prices were reported.
OTHER MINERALS. For each shipment of Other Minerals by delivery of a check or draft payable to Grantee's account with a bank to be designated in writing by Grantee.
OTHER MINERALS. The Payor shall pay the Production Royalty for each shipment of Other Minerals by delivery of a check or draft payable to Grantee's account with a bank to be designated in writing by Grantee.
OTHER MINERALS. The PURCHASER shall in addition make a financial payment for the exploitation within the CONCESSION of any natural resource other than gypsum, exploitation being understood as that term as defined in item number 4.1. If the materials are nonmetallic, their content in metric tons (MT) shall be converted into MT of gypsum (reference product) applying the following formula: E = A x PA / PI Where E : Equivalent weight in MT of product “A” in MT of reference product A : Additional weight of product “A” PA : Market price of additional product “A” PI : Market price of reference product “I” If the extracted minerals are metallic, the amount of the deferred biannual payment shall be set at that time by the PARTIES in accordance with the applicable conditions as a function of the corresponding market for those minerals. In the event of any dispute, recourse shall be made to the conflict-resolution mechanisms set forth in the present AGREEMENT. ANNEX B LICENSES, AUTHORIZATIONS AND PERMITS FOR PUERTO BAYOVAR
OTHER MINERALS. Except for the limitation with respect to resource sustainability to Section 2.2 above, nothing in this Agreement restricts or encumbers the right of CalEnergy with respect to the development of Minerals Facilities in connection with the Existing Facilities or future Power Plants or the Zinc Recovery Project. El Paso and the Company expressly acknowledge that except as expressly provided in connection with the option provided with respect to a Combined Facility set forth in Section 2.2 above, neither El Paso nor the Company have any right or interest to participate in any Mineral Facilities or receive any payment with respect thereto. It is further expressly acknowledged that neither the Company nor El Paso has any right or interest to participate or receive any payment with respect to the Excluded Assets (as defined in the Purchase Agreement) and any expansions or modifications thereof.
OTHER MINERALS. Subsection 1.1(d); Other Personal Property: Subsection 1.2(c) Other Security Documents: Section 3.2; Participations: 18.1
OTHER MINERALS. 9.1 The Contractor shall promptly report to the Government Representative the presence of potentially commercial accumulations of minerals, including Crude Oil and Natural Gas other than CBM Gas which are not associated with CBM but are encountered and recognized by the Contractor while conducting CBM Operations within the Contract Area. Such minerals, Crude Oil and Natural Gas shall remain the property of Mongolia.
