Petrex definition

Petrex means Petrex (Proprietary) Limited, a private company with limited liability duly incorporated in accordance with the company laws of the Republic of South Africa with registration number 1989/006124/07, formerly Petra Mining, Exploration and Granite (Proprietary) Limited, previously Petra Granite (Proprietary) Limited, having its registered office at 00 Xxxxxxx Xxxxxx, Xxxxxxxx, 0000, Xxxxx Xxxxxx;
Sample 1

Examples of Petrex in a sentence

  • As a result, the Company acquired 100% of the Petrex mining properties and related assets beneficially owned by Petrex (Proprietary) Limited (“Petrex”) in South Africa which EAGC had purchased on October 24, 2002.

  • Concurrent with the closing of the Petrex acquisition, EAGC closed the sale of 47,023,500 special warrants at a price of Cdn.$1.40 per special warrant for gross proceeds of approximately $42 million.

  • Petrex is a private South African holding company that owns all of the issued and outstanding shares of three active subsidiaries involved in the mining and extraction of gold on the East Rand Basin in Gauteng Province, South Africa.

  • The objective of this agreement is to improve the economics of the Petrex Mines and increase production by investing in underground development work to access higher grade ore, and to qualify Bema SA as a Black Economic Empowerment Company (“BEE”) under South African laws.

  • Bema has not provided a guarantee of repayment with respect to the Petrex loan facility.

  • In order to complete the $66.7 million acquisition of Petrex, EAGC arranged a $35 million loan facility and a working capital facility equal to the rand equivalent of $5 million at draw down from a syndicate of banks led by Standard Bank London Limited (“SBL”).

  • As a result, the Petrex project loan facility and the Petrex working capital facility have been classified as current liabilities.

  • On October 9, 2006, the Company’s 100% owned subsidiary Bema Gold SA (Pty) Limited (“Bema SA”), owner/operator of the Petrex Mines, signed a Sale of Shares and Claims Agreement with Pamodzi Resources (Pty) Limited (“Pamodzi”), a South African Black Empowerment group.

  • The objective of this agreement is: to improve the economics of the Petrex Mines and increase production by investing in underground development work to access higher grade ore, and to qualify Bema SA as a Black Economic Empowerment Company (“BEE”) under South African laws.

  • In the fourth quarter of 2003, the Company wrote down the carrying value of its Petrex Mines by $51.6 million under U.S. GAAP.

Related to Petrex

  • Pioneer or the "Company" means Pioneer Natural Resources Company and its subsidiaries.

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • Acquisition Sub shall have the meaning set forth in the Preamble.

  • BTCo means Bankers Trust Company, in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise.

  • TEC means the Technical Evaluation Committee, constituted for the purpose of evaluating the Proposals received.

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  • Wagon means any Rollingstock designed to carry any load other than passengers;

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • CCI means Charter Communications, Inc., a Delaware corporation, and any successor Person thereto.

  • WCA means the Workers Compensation Act (British Columbia) and the regulations thereunder.

  • IMC means the symbol used to designate instrument meteorological conditions;

  • ESMP means an environmental and social management plan (including any pest management plan), acceptable to the Association and consistent with the ESMF, adopted for the purposes of a Micro-project, and giving details of the magnitude of the environmental impacts, as well as the specific actions, measures and policies designed to facilitate the achievement of the objective of the ESMF under the Micro-project, including the budget and cost estimates, and sources of funding, along with the institutional and procedural measures needed to implement such actions, measures and policies, as such ESMP may be amended form time to time with the prior written agreement of the Association.

  • biofuels means liquid or gaseous fuel for transport produced from biomass;

  • SPI means the information categories listed at Tex. Bus. & Com. Code § 521.002(a)(2).

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • RFB means this Request for Bids and any addenda hereto.

  • WPI means the wholesale price index for various commodities as published by the Ministry of Commerce and Industry, GOI and shall include any index which substitutes the WPI, and any reference to WPI shall, unless the context otherwise requires, be construed as a reference to the WPI published for the period ending with the preceding month.

  • BMR means the EU Benchmarks Regulation (Regulation (EU) 2016/1011). "Non-Approval Event" means, in respect of the Benchmark:

  • BCI means the Bureau of Criminal Identification, and is the designated state agency of the Division of Criminal Investigation and Technical Services Division, within the Department of Public Safety, responsible to maintain criminal records in the State of Utah.

  • Summit means the Summit of the Heads of State or Government of SADC established by Article 9 of this Treaty;

  • PubCo has the meaning set forth in the Preamble.