Mining Property Clause Samples
The Mining Property clause defines the specific land or mineral rights that are subject to the agreement. It typically details the location, boundaries, and legal description of the property, and may include references to maps, surveys, or official records to clearly identify the area involved. This clause ensures that all parties have a clear understanding of which property is covered by the contract, thereby preventing disputes over ownership or the scope of rights granted.
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Mining Property. Polymet intends, through the execution of the Option Agreement and subsequent exercise of the option contained therein, to acquire 100% of the Mining Concession, including, with no additional cost whatsoever, all rights existing over superficial lands, water rights and any other right that is necessary for the development of projects in the Mining Concessions, that are directly or indirectly owned by the Proprietor.
Mining Property. The Loan Parties own or have an interest in all Real Property (whether owned or leased) as necessary for the mining operations and related operations and activities of the Loan Parties as currently conducted.
Mining Property. (a) The Vendor is the legal and beneficial owner of a 100% undivided interest in Prospecting Licence Renewal No. 2810/2004 known as "Tabora".
(b) Atlas Africa is the legal and beneficial owner of a 100% undivided interest in Prospecting Licence No. 3117/2005 known as "Morogoro".
(c) The Vendor is the sole partner of a joint venture with Atlas Africa concerning all developments on and to the Morogoro property.
(d) Atlas Africa is the legal and beneficial owner of a 100% undivided interest in Prospecting Licence No. 3118/2005 known as "KM 7".
(e) The Vendor is the sole partner of a joint venture with Atlas Africa concerning all developments on and to the KM 7 property.
(f) Save and except as described in this Agreement, there are no other agreements, adverse interests or options to acquire or purchase the Licences or any portion thereof. No person has any proprietary or possessory interest in the Licences. Other than the 3% royalty held by the government of Tanzania, no person is entitled to any royalty or other payment in the nature of rent or royalty on any minerals, metals or concentrates or any other such products removed or produced from the Licences.
(g) The Tabora Licence is accurately described in Schedule "A" and is free and clear of all Encumbrances (as defined below) subject only to the permitted Encumbrances described in Schedule "A". The Tabora Licence has been properly registered in the applicable Tanzanian land registry office. The Tabora Licence has been properly staked, tagged, located and recorded in accordance with the applicable Tanzania mining laws.
(h) A complete copy of the Atlas Africa Agreements are attached hereto as Schedules "C" and "D".
(i) The Morogoro Licence and KM 7 Licence are accurately described in Schedule "B" and will be free and clear of all Encumbrances on the Second Closing Date, subject only to the permitted Encumbrances described in Schedule "B". The Morogoro Licence and KM 7 Licence have been properly registered in the applicable Tanzanian land registry office. The Morogoro Licence and KM 7 Licence have been properly staked, tagged, located and recorded in accordance with the applicable Tanzania mining laws.
(j) There are no outstanding work orders or actions required or reasonably anticipated to be required to be taken in respect of the rehabilitation or restoration of the property covered by the Licences or relating to environmental matters in respect of the Licences including without limitation, waste disposal a...
Mining Property. With respect to the mining properties held by the Companies, the Companies have good and merchantable title to the fee interests in, or a valid leasehold interest in the leases in, or valid claims (patented or unpatented) in, the mineral properties or interests, including royalty interests and other legal or beneficial interests in minerals.
Mining Property. With respect to the mining properties held by Seller, Seller has good and merchantable title to the fee interests in, or a valid leasehold interest in the leases in, or valid claims (patented or unpatented) in, the mineral properties or interests, including royalty interests and other legal or beneficial interests in minerals, subject to minor defects in title which do not, individually or in the aggregate, cause a material adverse impact on the use, development and/or operation as a mine and enjoyment of the property and the operation of a mine on such property.
Mining Property. The Borrower owns or has an interest in all Real Property (whether owned or leased) as necessary for the mining operations and related operations and activities of the Borrower as currently conducted. Neither Borrower nor any of its Affiliates will directly or indirectly enter into any transaction with Hallador or any of its Affiliates (other than the Loan Parties) with respect to any Real Property (whether owned or leased) which is used or useful in the mining operations and related operations and activities of the Borrower, except as may be entered into after the Closing Date and for transactions that are consistent with the Borrower’s ordinary course of business and that are undertaken upon fair and reasonable terms fully disclosed to the Administrative Agent and no less favorable than would be obtained in a comparable arms-length transaction with a non-Affiliate.
Mining Property. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Moruna states that the party which he is representing, LOS POTRILLOS, is owner of the exploitation concessions that are indicated below, hereinafter referred to as "Mining Property", which together form "Proyecto ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇"; whose state is that which is indicated; all located in the community of Tierra Amarilla, Copiapo, Region III of Atacama; and, whose titles are registered in the Conservator of Mining, Copiapo, as indicated as follows: