GRZ definition
Examples of GRZ in a sentence
This confirmation is without prejudice to the rights of the Director of Mine Safety (acting on behalf of GRZ) to determine that mining practices not described (or reasonably inferred from the practices described) in the Approved Programme of Mining and Metal Treatment Operations constitute wasteful mining practices for the purposes of Section 81 of the Act.
Where KCM is required to submit any plans, proposals or other material for the approval of GRZ, the date of submission shall be deemed to be the date on which GRZ received the said plans, proposals or other materials.
If KCM accepts that the Modification is a Major Change it is deemed that notice has been given pursuant to Clause 26.1.3 on the date GRZ gave notice it considered the Modification to be a Major Change.
GRZ undertakes that during the Stability Period it shall ensure that VAT rebates and refunds are made within thirty (30) days of the submission by KCM of VAT returns.
If KCM assigns its entire interest in a Large Scale Mining Licence and its rights and obligations under this Agreement in accordance with Clause 0, then upon the assignee becoming party to this Agreement, KCM shall be discharged from any further liability in respect of any obligation which accrues after the date of that assignment, without prejudice to pre-existing rights accrued to GRZ against KCM and vice versa.
KCM shall promptly give notice to GRZ of alternative or revised plans for the Local Business Development Programme.
GRZ further acknowledges that the Final Environmental and Social Management Plan complies with Section 25(1)(d) of the Act in that GRZ considers that they conform to specifications and practices established by national standards for the management of the environment as it is affected by mining and metal treatment operations.
GRZ undertakes to permit, to the extent necessary, insurers resident in Zambia to assign their rights under any re-insurance contracts to which they are party to KCM or any lender to KCM.
In the event the Sole Expert determines that the draft statutory instrument or direction by the Director of Mines is unreasonable or so inconsistent, the draft statutory instrument or direction shall be withdrawn or amended to be consistent with the determination of the Sole Expert prior to issuance or implementation by GRZ.
The Parties further acknowledge the importance of improving the quality of goods and services supplied to KCM and, without prejudice to any other provision of this Agreement, to the extent that KCM wishes to source such goods or services from suppliers and contractors located outside Zambia, GRZ undertakes to consider in good faith all visa and other applications from such suppliers and contractors and their respective employees and their dependants made from time to time under applicable immigration law.