MGMR definition
MGMR means the Ministry of Geology and Mineral Resources of PRC. "Operating Activities" means all proprietary activities of the JVC, including feasibility studies, ore dressing, prospecting, processing, construction of processing plants or other activities in relation to mining, transportation, smelting, or other activities in relation to Minerals conducted by or on behalf of the JVC. "Operating Area" or "Operating Areas" means the area or areas, each comprising a number of Exploration Areas, defined by geological, mineral and geographic restraints, in which the JVC decides to carry out any Operating Activities pursuant to an Operating Budget and Operating Procedures. "Operating Budget" means the budget prepared by Party B for each Operating Area estimated on the basis of RMB 2,000 per km2 on average, to be submitted to the JVC for implementation. "Operating Licenses" means all Business License, Exploration Licenses, Mining Licenses, approvals, permits and registrations that the JVC may need to operate in Contract Areas and/or Operating Areas. "Operating Procedures" means the procedures formulated by the Board of Directors for carrying out and maintaining Operating Activities. "Operating Schedule" means the schedule substantially in the form shown in Schedule "B" attached hereto and determined by the Board of Directors according to which Operating Activities are conducted and completed. "Option" means the exclusive right and option granted by Party A to Party B for the acquisition of any or all of Party A's interest in any Optional Project. "Optional Project" or "Optional Projects" means any existing mines owned wholly or partly by Party A within the Operating Areas. "Parties" means Party A and Party B as well as their successors and permitted assigns, and "Party" means either party. "Phase I" means the stage of prospecting and exploration and ends with completion of feasibility studies. "Phase II" means the stage of mining, development and production of mines discovered in Phase I. "PRC" means the People's Republic of China. "Products" means mineral products produced under mining rights or other rights. "Shareholders" means any individual or entity holding the shares of the JVC. (Initially Party A and Party B). "Share Interest" means a party's percentage of share interest in the JVC as adjusted from time to time. "Subsidiaries" means any individual, partnership, joint venture, companies or any other business entities controlled directly or indirectly by a Part...
Examples of MGMR in a sentence
The Selling Shareholder is not aware of any material nonpublic information about MGMR.