Mineral Development Agreement definition

Mineral Development Agreement means an agreement entered into between the Government and an eligible Applicant for a Class A Mining License that shall be effective and binding upon the Republic when signed by the Persons described in Section 6.6(a) and approved by the President of the Republic of Liberia.
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Examples of Mineral Development Agreement in a sentence

  • Seller warrants that the Net Revenue Interest stated on Exhibit A of any undeveloped acreage under the UMU Mineral Development Agreement or other agreement of any kind in which BIYA has development rights, but is not subject to a lease is accurate, and that all burdens on production of any kind are outlined in Exhibit A.

  • Article III of the PSA entitled Assignment of Mineral Development Agreement, Earned Leases and Rights is hereby deleted in its entirety and shall be given no effect.

  • The reconnaissance survey was undertaken in 1987 by the Geological Survey of Canada in conjunction with the New Brunswick Department of Natural Resources and Energy (Mineral Resources Division) under the Canada – New Brunswick Mineral Development Agreement (1984 - 1989).

  • The Parties acknowledge that the assets and facilities described below have been destroyed or wasted to a large extent prior to the date of the Mineral Development Agreement.

  • The reconnaissance survey was originally undertaken in 1984 by the Geological Survey of Canada in conjunction with the Saskatchewan Department of Energy and Mines under the Canada - Saskatchewan Mineral Development Agreement (1984 – 1989).

  • Seller warrants that the Net Revenue Interest stated on Exhibit C of any undeveloped acreage under the UMU Mineral Development Agreement or other agreement of any kind in which the Company has development rights, but is not subject to a lease is accurate, and that all burdens on production of any kind are outlined in Exhibit C.

  • However, both Parties agree that, upon signing the Mineral Development Agreement, they will take all necessary steps and fully cooperate to protect the assets from further deterioration from the date of signing of the Mineral Development Agreement until the date on which the Class A Mining License is granted to the CONCESSIONAIRE.