EGSMA definition

EGSMA means the Egyptian Geological Survey and Mining Authority.
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EGSMA has applied for a concession for the Exploration, Mining and Treatment of Gold and associated minerals, and the marketing of the products from within and through the Areas referred to in Article II, and described in Annexes "A" and "B" which are attached hereto; and
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Examples of EGSMA in a sentence

  • Title to fixed and movable assets shall be transferred from CRESSET to EGSMA gradually as their costs are recovered by CRESSET in accordance with the provisions of Article VII.

  • Items (excluding cars not to be used in operations) set out in Article XI (a) imported by EGSMA'S and CRESSET'S and Operating Company's contractors and sub-contractors for the aforesaid operations, in order to be installed or used permanently or consumed, shall meet the conditions for exemption set forth in Article XI(a) after being duly certified by an EGSMA representative to be used for conducting operations pursuant to this Agreement.

  • It is expressly understood and agreed between CRESSET and EGSMA that the Operating Company shall in due time file an application for extending the tax exemption period for another equal period.

  • Three (3) successive extensions) to the initial Exploration period of one (I) year each shall be granted to CRESSET at its option upon thirty (30) days prior written notice to EGSMA and subject only to its having fulfilled its obligations hereunder for the preceding period(s).

  • The Arabic version of this Agreement shall, before the courts of the A.R.E. be referred to in construing or interpreting this Agreement, provided however, that in any arbitration pursuant to Article XXIV here above between EGSMA and CRESSET, the English and Arabic versions shall both be referred to as having equal force in construing or interpreting the Agreement.

  • In this event the purchaser of such items shall pay all applicable customs duties and other ancillary taxes and charges according to the condition and value of such items and the tariff applicable on the date of sale, unless such items have already been sold to an Affiliated Company of CRESSET if any, or EGSMA having the same exemption, or unless title to such items (excluding cars not used in operations), has passed to EGSMA.

  • Said royalty shall be unrecoverable and shall be paid by the Operating Company on behalf of CRESSET and EGSMA.

  • In the-event that CRESSET shall have elected to extend the exploration period! as hereinafter provided, another letter of guaranty covering CRESSET minimum yearly exploration costs obligation for such extension period shall be furnished to EGSMA at the time of its notice of extension.

  • The operating company shall entirely and solely be responsible in law towards third parties for any damage caused by Operating company's operations and shall indemnify the Government EGSMA and/or CRESSET, against all damages for which they may be held liable on account of any such operations.

  • This Agreement shall be binding upon the parties hereto upon issuance of the law from the competent authorities of the A.R.E. authorising Minister of Industry and Mineral Resources to sign said Agreement and giving this Agreement full force and effect of law notwithstanding any countervailing government enactment, and the Agreement is signed by the Government, EGSMA and CRESSET.