QMM definition
Examples of QMM in a sentence
This Shareholders' Agreement sets forth the principal administrative and management rules of QMM SA including, in particular, rules governing the relations between the Shareholders for project financing, marketing of Minerals and transfers of shares.
QMM SA shall be exempt from corporate income tax during the first five years of active operation.
QMM SA shall assume the costs of expropriation and indemnification in accordance with terms to be agreed upon between QMM SA and the State.
The object of QMM SA will be to carry out all Project Activities.
QMM SA shall advise the State of all discoveries of mineral deposits other than those covered by this Agreement and/or for all other natural resources inside the Fort-Dauphin Exploration Perimeter or the Project Perimeter.
The measurement equipment installed, maintained and operated by QMM SA or its Affiliates for evaluating the quality and quantity of Minerals for Export in accordance with generally accepted mining industry practices, shall be subject to inspection by agents appointed for this purpose by the State.
In addition to the production of documents and reports required by applicable law and regulations, QMM SA shall provide the State and other departments mandated by it with all reports and documents necessary to monitor the implementation of the programme and to ensure the respect by QMM SA of its general obligations hereunder.
QMM SA shall own all patents, trademarks and rights to industrial and commercial property developed or acquired in the context of the Project, as recognised under applicable regulations, agreements and international accords.
QIT undertakes to conclude in good faith one or several long term Ilmenite Sales Contracts with QMM SA.
Once the Initial Investment Programme has been approved by the Shareholders, QMM SA may undertake additional feasibility studies for subsequent Investment Programmes within the Fort-Dauphin Mining Perimeter.