ERGO MINING definition

ERGO MINING means Ergo Mining (Proprietary) Limited, a company jointly controlled by CROWN and ERGO URANIUM;
ERGO MINING means Ergo Mining (Proprietary) Limited (and shall be deemed to include its successors in title or permitted assigns), the authorised share capital whereof is R1 000,00 (one thousand rand) divided into 1 000 (one thousand) ordinary par value shares of R1,00 (one rand) each and the issued share capital whereof:- 1.1.22.1 was as at the EFFECTIVE DATE and is as at the SIGNATURE DATE, R300,00 (three hundred rand) divided into 300 (three hundred) ordinary par value shares of R1,00 (one rand) each, the registered and/or beneficial owners whereof were and are as at such dates as follows:- • DRD SA as nominee for CROWN - 150 (one hundred and fifty) shares; and • MinTails Gold and Uranium Limited of Mauritius as nominee for ERGO URANIUM - 150 (one hundred and fifty) shares; 1.1.22.2 as at the CLOSING DATE will be R600,00 (six hundred rand) divided into 600 (six hundred) ordinary par value shares of R1,00 (one rand) each, the registered and/or beneficial owners whereof will be as follows:- • CROWN - 300 (three hundred) shares; and • ERGO URANIUM - 300 (three hundred) shares;
ERGO MINING. ASSETS” shall mean the piping and related mining equipment of the ERGO OPERATIONS as more fully set forth in a schedule thereof annexed hereto and marked “G”;

Examples of ERGO MINING in a sentence

  • The costs of drafting and drawing the ERGO URANIUM SALE AGREEMENT and all costs incidental thereto, shall be borne and paid by ERGO MINING.

  • Delivery shall take place at the Brakpan/Withok Tailings Facility and notwithstanding anything to the contrary, ownership in and to such tailings as well as the economic benefits to be derived therefrom, shall pass to ERGO MINING on such delivery.

  • The ELSBURG JV and ERGO MINING shall jointly and severally be obliged to maintain the ERPM ASSETS in good working order and condition and uon the termination of the MINING USER CONTRACT for whatever reason, to return the same to ERPM, fair wear and tear excepted and save where ownership has passed to third parties, including the ELSBURG JV or ERGO MINING, as the case may be.

  • In no way derogating from the aforegoing, ERGO URANIUM shall have the right to connect the ERGO MINING RESOURCE, the PAMODZI RESOURCE and the ORPHAN DUMPS (with the requisite pipelines and power cables) to the BRAKPAN CIL 2 PLANT and to what is generally known and described as the “ ” using, to the extent necessary, the line rights and SERVITUDES of ERGO MINING, and shall have access to such line rights and SERVITUDES.

  • Notwithstanding anything to the contrary, ERGO MINING shall retrospectively with effect from the 23 November 2007, be responsible for the environmental management, environmental rehabilitation, health and safety and related costs in relation to the BRAKPAN PLANTS notwithstanding that the obligation in respect thereof shall have arisen prior to the 23 November 2007.

  • In no way derogating from the aforegoing, CROWN shall have the right to connect its plant and the CROWN RESOURCE (with the requisite pipelines and power cables) to what is generally known and described as the “ ” using, to the extent required, the line rights and SERVITUDES of ERGO MINING, and shall have access to such line rights and SERVITUDES.

  • The ERGO MINING ASSETS and the ERPM ASSETS shall, however, remain the exclusive property of ERGO MINING and ERPM respectively save and except in relation to any of such assets which may have been sold to and acquired by the ELSBURG JV pursuant to any of the ANCILLARY AGREEMENTS .

  • As witnesses:- For: Elsburg Gold Mining Joint Venture /s/ D Pretorius /s/ DAW van der ▇▇▇▇ - directror - duly authorised signatories - Thus done and signed by ERGO MINING at Johannesburg on this the 15 th day of August 2008, in the presence of the undersigned witnesses.

  • URANIUM SALE AGREEMENT shall be founded upon the veracity of the WARRANTIES which shall be deemed an integral part hereof by ERGO URANIUM in favour of ERGO MINING.


More Definitions of ERGO MINING

ERGO MINING means Ergo Mining (Proprietary) Limited (and shall be deemed to include its successors in title or permitted assigns), the authorised share capital whereof is R1 000,00 (one thousand rand) divided into 1 000 (one thousand) ordinary par value shares of R1 ,00 (one rand) each and the issued share capital whereof:- 1.1.25.1 was as at the EFFECTIVE DATE and is as at the SIGNATURE DATE , R300,00 (three hundred rand) divided into 300 (three hundred) ordinary par value shares of R1,00 (one rand) each and the registered and/or beneficial owners whereof were and are as at such dates as follows:- • • • • DRD SA as nominee for CROWN - 150 (one hundred and fifty) shares; and • MinTails Gold and Uraniu m Li mi ▇▇▇ of Mauritius as nominee for ERGO URANIUM - 150 (one hundred and fifty) shares; 1.1.25.2 as at the CLOSING DATE will be R600,00 (six hundred rand) divided into 600 (six hundred) ordinary par value shares of R1,00 (one rand) each, the registered and/or beneficial owners whereof will be as follows:- • • • • CROWN - 300 (three hundred) shares; and • • • • - 300 (three hundred) shares;
ERGO MINING. RESOURCE” shall collectively mean the “Benoni ” and the “ ” as more fully defined in clauses 1.1.4 (as read

Related to ERGO MINING

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