Kibali definition

Kibali means Kibali Goldmines s.p.r.l., the DRC incorporated joint venture company that is carrying out the Moto Gold Project and that is owned as to 70% by Moto and 30% by OKIMO;
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Kibali. Kibali Mining s.p.r.l, a company registered in the Democratic Republic of the Congo, previously known as Borgakim Mining SPRL, the company that shall carry on the Agreed Business;
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Examples of Kibali in a sentence

  • The Parties shall meet as soon as possible after the Signature Date to discuss and finalise the staffing requirements of Kibali, and shall give due consideration to the employment by Kibali of such employees of Moto who are currently seconded to Kibali.

  • In addition, upon five Business Days’ notice, the Company shall provide to any Party such specific financial information concerning the Company, Kibali and the Project to the extent reasonably required in connection with the accounting or tax filing obligations of any Party.

  • Following the Merger, the New Barrick Group will focus on the Tier One Gold Assets it will own, being ▇▇▇▇▇▇, Goldstrike, Kibali, Loulo-Gounkoto and Pueblo Viejo, as well as all other Strategic Assets.

  • Each Party must pay to the Company, to then be advanced by the Operator from the Company, directly or indirectly, to Kibali, the amounts payable by it pursuant to this clause 11.4 by the date or dates (the “Due Date”) specified by the Operator (which must be not less than five Business Days after the date of the notice), and each such amount will also constitute a “Called Sum” for the purposes of this Agreement.

  • For as long as the Company is only entitled to appoint three directors to the Kibali Board, two such directors shall be nominees of the Party that is the Operator or an Affiliate of the Operator (the “Operating Party”) and one such director shall be a nominee of the other Party (the “Non-Operating Party”).

  • The Parties acknowledge that the Kibali JVA does not currently contemplate Kibali being managed by an operator, but agree that they will propose through the Kibali Board that Kibali enter into the Operator Agreement or an agreement on substantially similar terms with the Operator to ensure that the Project will be developed in the most efficient manner.

  • The Gold product (under contract) has been extracted by a section of Kibali Consortium Members from Isiro Region - 150 Kilometers West of Ugandan/RDC Boarder.

  • AngloGold shall have the right to request that the Chief Financial Officer (“Directeur Financier”) of Kibali be removed if it considers it necessary (acting reasonably) and within a reasonable period of such request the Company shall procure that the Chief Financial Officer (“Directeur Financier”) is so removed.

  • Workers engaged in the Moto Gold Project have individual agreements with Borgakim Mining sprl, which are in process of being transferred into the name of Kibali; the union is not a signatory to the employment contracts.

  • The Operator shall be entitled to repay itself, upon submission of a monthly statement containing the breakdown of such costs, from the funds of Kibali in respect of the aggregate of all such Reimbursable Costs.