PRESTEA MINING AREA definition

PRESTEA MINING AREA means the area shown on Exhibits A, B and C to Schedule C and marked as "Prestea Mining Area"; "SHAREHOLDERS' AGREEMENT" means the shareholders' agreement to be entered into on the Option Closing Date among BGL, GMWU, the Investors, the Trust and the Government in respect of their relations as shareholders of PGR and the operation of PGR's business, substantially in the form attached as Schedule G; "SGMC" means The State Gold Mining Corporation Limited; "TRUST" means the independent non-profit-making body to be established by BGL for the benefit of the residents of the Bogoso -- Prestea area whose income shall be applied (following repayment of the indebtedness to be incurred in favour of BGL) to undertake work programs directed to infrastructure and alternative employment and whose affairs shall be administered by a board consisting of one BGL representative, one GMWU representative, one Government representative and three community representatives acceptable to BGL. SECTION 2 SCOPE AND UNDERSTANDINGS 2.1 In order to persuade BGL to enter into this Agreement, PGR has represented to BGL and GSR that, subject to: (a) being provided with funds to be used to repay advances made by its employees; (b) being provided with additional funds to be used to pay employee salary arrears for April and May 2001; (c) being provided with working capital; (d) restructuring its share ownership; and (e) rationalizing its management and work force, which PGR undertakes to use its best efforts to accomplish within five (5) months of the Closing Date. it expects to be able to increase its production and reduce its cash costs so as to become profitable on a gross profit basis within six months of the last in time of such actions occurring or being taken.
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PRESTEA MINING AREA means the area shown on Schedule A and marked as "Prestea Mining Area";
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PRESTEA MINING AREA means the area shown on Exhibits A, B and C to Schedule C and marked as "Prestea Mining Area";
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Related to PRESTEA MINING AREA

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “▇▇▇ ▇▇▇▇▇‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • mining areas means the areas delineated and coloured red on the Plan marked “A” initialled by or on behalf of the parties hereto for the purposes of identification;

  • Dining area means a public room or area in which meals are regularly served.

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Planning area means a planning area or a development area or a local planning area or a regional development plan area, by whatever name called, or any other area specified as such by the appropriate Government or any competent authority and includes any area designated by the appropriate Government or the competent authority to be a planning area for future planned development, under the law relating to Town and Country Planning for the time being in force and as revised from time to time;