Exploitation Permit definition

Exploitation Permit. Administrative Title for hydrocarbons, granted for a 20 years period renewable, for the purpose of exercising production activities.
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Exploitation Permit the exploitation permits (“Permis d’Exploitation”) entitling Kibali to exploit and mine for Metals in, on and under the Area as set out in Annex 3 to the Kibali JVA;
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Exploitation Permit upon granting of the permit: USD 250.000 per concession; • Renewal of the Exploitation of Permit: upon renewal of the permit: USD125.000 per concession; • Bonus of production: upon production of the first Barrel: USD1.000.000; • Bonus of production of the tenth millionth Barrel: at production of the tenth millionth Barrel: USD5.000.000.
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Examples of Exploitation Permit in a sentence

  • At Balogo, an Exploitation Permit was granted to Netiana Mining Company on January 23, 2017 and is valid for four years with five-year renewal periods afterwards.

  • The holder of a Tailings Exploitation Permit is entitled to compensation if the right of way over the Perimeter of the Holder of an Exploitation Permit or Small-scale Mining Exploitation Permit causes him grave damage which translates into an additional burden on his mining activity.

  • The Company received notification in January 2018 that the Minister of Energy and Mines ("MEM") of the Dominican Republic has approved GoldQuest's Exploitation Permit Application.

  • The Application has been sent to the President for ratification, which is required prior to receiving the final Exploitation Permit.

  • The Exploitation Permit would give the Company the rights to the property for 75 years, with a Tax Stability Agreement that freezes the tax treatment for the project for a minimum of 25 years which is protected under the current Mining Law.

  • After receipt of the Exploitation Permit the Company will be required to complete an Environment Assessment and receive an Environmental License from the Ministry of Environment prior to the start of construction activities.

  • The Youga Gold Mine property consists of one Exploitation Permit (Youga), and two Exploration Permits (Songo and Zerbogo II).

  • Sundance and Cam Iron seek various remedies in these proceedings, including an order of specific performance to compel Cameroon to issue a presidential decree to formalise and give full effect to the Mbalam Exploitation Permit.

  • The Balogo satellite deposit, and forming part of the Youga Gold Mine, comprises of two contiguous Exploration Permits (Balogo and Dabinyan III), covering a total area of 360 km2 and one Exploitation Permit (Netiana) covering an area of 2km2.

  • The Youga Exploitation Permit covers an area of 29 km2 and was granted to Burkina Mining Company S.A. (“BMC”) on April 8, 2003 and is valid for twenty years with five-year renewal periods thereafter.

Related to Exploitation Permit

  • Occupation Permit means a temporary or permanent occupation permit issued by the Building Authority in relation to the Development or any part or parts thereof;

  • Construction permit is defined in Section 4.

  • PAL permit means the major NSR permit, the minor NSR permit, or the State operating permit under a pro- gram that is approved into the State Implementation Plan, or the title V permit issued by the Administrator that establishes a PAL for a major sta- tionary source or a GHG-only source.

  • Title V Permit means an operating permit under Title V of the Act.

  • Development Permit means a document authorizing a development issued pursuant to this Land Use Bylaw;

  • Operating Permit means a permit issued pursuant to section 10 of this local law. The term “Operating Permit” shall also include an Operating Permit which is renewed, amended or extended pursuant to any provision of this local law.

  • General permit means a Permit which covers multiple dischargers of a point source category within a designated geographical area, in lieu of individual Permits being issued to each discharger.

  • Planning Permission means any permission, consent or approval given under the Planning Acts;

  • Generation Licence means an electricity generation licence granted or treated as granted pursuant to section 6(1)(a) of the EA 1989 that authorises a person to generate electricity;

  • Single event permit means a permit issued in accordance with Chapter 9, Part 3, Single Event Permit.

  • Final permit means the version of a permit issued by the Department that has completed all review procedures required by Chapter 14, and for a Class I permit, Chapter 13.

  • Non-permitted Foreign Holder As defined in Section 3.03(f).

  • Applicable Permit means the Kansas Water Pollution Control and National Pollution Discharge Elimination System Stormwater Runoff from Construction Activities General Permit or a project specific stormwater permit issued to KDOT.

  • Non-Permitted Holder The meaning specified in Section 2.11(b).

  • Sub-License means the sub-licensing of any space in the Station Development Assets and Project Utilities in the Station Development Project, by the Station Facility Manager to any licensee, in accordance with the Station Facility Management Agreement;

  • FCC License means any authorization, license or permit issued by the FCC, together with any extensions or renewals thereof.

  • Temporary Occupation Permit means a Temporary Occupation Permit issued under the Building Control Act (Cap. 29);

  • NPDES Permit means any permit or equivalent document or requirements issued by the Administrator, or, where appropriated by the Director, after enactment of the Federal Clean Water Act to regulate the discharge of pollutants pursuant to Section 402 of the Federal Act.

  • Individual permit means a permit issued to a named permittee under section 22a-430 of the General Statutes.

  • Licensed IP Rights means, collectively, the Licensed Patent Rights and the Licensed Know-How Rights.

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Restricted Geographic Area is defined as all countries, territories, parishes, municipalities and states in which Company is doing business or is selling its products at the time of termination of Employee’s employment with Company, including but not limited to every parish and municipality in the state of Louisiana. Employee acknowledges that this geographic scope is reasonable given Employee's position with Company, the international scope of Company's business; and the fact that Employee could compete with Company from anywhere Company does business.

  • Parking Permit means a permit issued by the Council to residents allowing the parking of a vehicle in a residents parking bay on the highway within the area of the Council but not including a disabled person’s “purple badge” issued pursuant to Section 21 of the Chronically Sick and Disabled Persons Act 1970

  • Company IP Rights means all Intellectual Property owned, licensed, or controlled by the Company or its Subsidiaries that is necessary for or used in the operation of the business of the Company and its Subsidiaries as presently conducted.

  • Pre-Existing Intellectual Property Rights means any Intellectual Property Rights vested in or licensed to the Client or the Contractor prior to or independently of the performance by the Client of the Contractor of their obligations under this Contract.

  • Site License means for each product, the term “Site License” shall mean the license established upon acquisition of the applicable number of copies of such product and payment of the applicable license fees as set forth in the Statement of Work.