Examples of SMCL in a sentence
SMCL analyses shall be performed at the discretion of the Division.
On March 1, 2012, an indirect wholly owned subsidiary of Orca, SMCL, closed a transaction whereby it acquired the right and option to a 70% interest in MSMCL, a Sudanese company incorporated to hold the Block 14 exploration license in the Republic of the Sudan.
Pursuant to a purchase agreement, an indirect wholly owned subsidiary of the Company, SMCL, acquired a 70% interest in MSMCL, a Sudanese company incorporated to hold the Block 14 exploration licenses in the Republic of the Sudan, in exchange for cash payments totalling USD $9.5 million.
The loan is secured on the bank account which is credited with gold sales, the shares in Shanta Mining Company Limited (SMCL) and a charge over the assets of SMCL.
The public water system must repeat the notice at least annually for as long as the SMCL is exceeded.
Under the agreement, SMCL has agreed to fund all exploration, development and construction costs to commercial production.
USEPA set a Secondary Maximum Contaminant Level (SMCL) for manganese.
Under the purchase agreement, SMCL paid the holder of the license a total of USD $9.5 million in three installments, in exchange for an increasing ownership interest in MSMCL, as follows: DatePaymentTotal ownership interestMarch 1, 2012USD $3.5 million35.0%September 30, 2013USD $3.0 million52.5%September 30, 2014USD $3.0 million70.0% Under the agreement, the Company must fund all exploration, development and construction costs to commercial production in accordance with the purchase agreement.
In April 2018, the Company entered in an earn in and joint venture exploration agreement with SMCL.
Sudanese operationsGhazal, SMCL, and MSMCL incur costs in multiple foreign currencies and, therefore, they are exposed to foreign exchange risks arising from these transactions.