Mining Development Contract definition
Examples of Mining Development Contract in a sentence
The Mining Development Contract (MDC) provides a mechanism for the transfer of ownership of LMC assets (works and facilities) to the State.
However, under Mining Development Contract, and Construction and Installation Contract, the Performance Guarantees shall become effective prior the Commencement Date of the Works.
Developers will be expected to provide specific inputs to the process which are either based on its own plans and projections or on its commitments under the Mining Development Contract, the Development Forum, or an approved Environmental Impact Statement.
For convenience of specific implementation, the Owner and the Contractor(s) will, on the basis of such General Contract, sign the following individual Definitive Contracts: • Engineering Contract • Equipment & Material Supply Contract • Mining Development Contract • Construction and Installation Contract The above Definitive Contracts, once signed, shall be construed as integral and inseparable parts of this Contract.
The Lihirian community’s equity interest in LGL was negotiated as part of the Mining Development Contract in 1995 and financed by the EIB Loan to realize benefit flows for Lihirians from dividends.
Discussed in Appendix I Mining Development Contract State of PNG, March 17, 1995 Discussion in Appendix I Loan Agreements; Export Finance and Insurance Corporation Agreement, Multilateral Investment Guarantee Agency, Mining Industry Consultants Agreement.