V: SCZ) has acquired the exclusive five-year mining right
from Mexico-based mining corporation Grupo Mexico to explore, develop and mine the silver-zinc-lead-gold vein structure in Membrillo, the company said.
As consideration for the exclusive mining right
, Grupo Mexico will receive an annual fee of USD 60,000 from the company and has been granted a 3% net smelter returns royalty on any mineralised material from the Membrillo Vein that is mined and milled or otherwise treated for the eventual sale of the contained metal.
4% undivided share of the mining right
for the Sishen mine to Kumbas subsidiary, Sishen Iron Ore Company (Pty) Ltd ("SIOC") following the completion of an internal appeal process, as prescribed by section 96 of the Minerals and Petroleum Resources Development Act.
South Africa's Department of Mineral Resources (DMR) and Ivanhoe Mines jointly announced in early November the finalization of the mining right
for the development and operation of the Ivanhoe's Platreef mining project on the Northern Limb of the Bushveld Complex.
While talking about the acquisition of mining right
overseas, he said CSC aims to improve cost structure instead of getting involved in financial investments.
International Resource News-September 19, 2011--First Uranium Corporation receives notice of mining right
withdrawal(C)1994-2011 ENPublishing - http://www.
L), terminated the long-term deal under which it sold ore to ArcelorMittal at a discount after the steelmaker failed to convert its mining right
in the Sishen mine stake.
As part of the terms of the acquisition deal, the Sylvania subsidiary Hacra will be transferring the mining right
to HW Iron Ltd, an arm of Ironveld, now.
has received approval of the Mining Right
for the Amulsar gold project.
The only remaining material conditions are the approval of the Minister of Mineral Resources to the cession of the mining right
with regard to Finsch, and registration of the ceded mining right
in the South African Mineral and Petroleum Titles Registration Office.
With the Mining Right
secured and having already received National Environmental Management Act authorisation, the project now only needs to obtain the Integrated Water Use Licence and the Waste Licence before development work can be launched.
Sibanye Gold and Harmony Gold have entered into an agreement for the exchange and sale of certain mining right
portions of Sibanye's Beatrix operation and Harmony's Joel operation in the Southern Free State, South Africa.