Arbitration and dispute resolution
Disputes between the parties which cannot be settled through good faith and best endeavors or through negotiation and mediation shall...
Audit mechanisms - financial obligations
Paladin (Africa) shall permit the government to inspect its books of account and records relative to operations under this contract...
Confidentiality
The government shall in relation to any confidential information:
(a) use such confidential information only for the purpose for which...
Environmental impact assessment and management plan
Paladin (Africa) shall comply with:
(a) the generally applicable environmental laws of Malawi including, Section 24 of the Environmental Management...
Environmental monitoring
Paladin (Africa) shall assist the government with:
(a) the provision of an office and the purchase of equipment for monitoring...
Environmental protections
Paladin (Africa) shall maintain an environmental performance bond, equivalent to the specified amount in the bankable feasibility study for undertaking...
Income tax: exemptions
In calculating net profit for the purpose of calculating income tax, Paladin (Africa) is allowed to immediately depreciate the full...
Income tax: other
The consideration for the 15% equity in Paladin (Africa) to the government is the advance payment by Paladin (Africa) of:...
Income tax: rate
The Taxation Act imposes a corporate tax rate of 30% on the net profit of mining companies.
Infrastructure
The government shall at its sole cost upgrade the unsealed road from Karonga to the Mwesia River and then from...
Infrastructure - third party use
Where a road constructed by Paladin (Africa) within the contract area for its own use is subsequently required for public...
Local development agreement
Paladin (Africa) shall:
(a) pay for 2 qualified Malawi doctors to come to Australia and be trained in the health...
Local employment
Paladin (Africa) shall employ and train Malawi citizens for the operations, development and extraction of yellowcake in accordance with the...
Local procurement
Paladin (Africa) shall annually invite the registration of legitimate established businesses in Malawi by reasonably effective means which would ensure...
Location
The location of the project is identified in the map in Attachment "A"
Other - financial/fiscal
For the stability period Paladin (Africa) is exempted from paying tax (both import duty and import value added tax) on...
Resettlement
The government shall at the request of Paladin (Africa) permanently remove any person occupying any unauthorized structure in the mining...
Restrictions on transactions with affiliated parties
Paladin (Africa) may market and export all mine product and shall have sole control and management of sale of the...
Royalties
Paladin (Africa) will pay the following royalty:
1.5% for years 1 to 3 following commencement of the sale of yellowcake; and
3%...
Stabilization
If during the stability period there is a change in law that has the consequence of creating a more favorable...
State agency, national company or ministry executing the document
Ministry of Energy, Mines and Natural Resources; Ministry of Finance
State participation
On the grant of the mining license the government shall be entitled to 15% percent of the issued capital of...
Term
The life of the mine will be the life of the proposed mining operation on the tenement as proposed in...
Training
Paladin (Africa) shall establish training programs prior to the production commencement date and shall implement such programs on an as...
Water use
The government and Paladin (Africa) shall agree upon the amounts (and qualities) of Paladin (Africa)'s annual and maximum daily water...
Work and investment commitments
Paladin (Africa) shall, subject to the terms of the Mines Act, the tenement and
this contract, implement the approved program...
Country
Malawi
Signature Year
2007
Resource
Uranium (U3O8)
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-4270474629
Disclosure Mode
EITI
See Legislation in African Mining Legislation Atlas
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