Arbitration and dispute resolution
GEOVIC Cameroon can first address to the Minister in charge of mine and geology through petition. The parties agree that...
Assignment or transfer
The Convention applies to GEOVIC Cameroon's assignees. The rights and obligations resulting from this Convention may be assigned, including by...
Cancellation or termination
The contract will be operative for 25 years, starting from the Commencement of Operations. The contract may be terminated for...
Confidentiality
The government acknowledges that all reports, results of analyses, logs, geophysical data, maps and any other information received from GEOVIC...
Corporate headquarters
Geovic Cameroon, Boulevard de la Republique de Cameroon Douala, Republic of Cameroon.
Environmental impact assessment and management plan
At the end of the convention, GEOVIC Cameroon shall be bound to implement and complete work pursuant to the Environmental...
Environmental monitoring
GEOVIC Cameroon shall dispose of all equipment and materials within any Mining site by the end of the convention.
Environmental protections
GEOVIC Cameroon undertakes to carry out operations in accordance with international technical and safety standards prevailing in the mining industry,...
Hardship clause or force majeure
Force majeure means all events beyond the control of a party and which prevent it from fulfilling its obligations, such...
Income tax: rate
GEOVIC shall pay an Ad Valorem Tax on the basis of the market value of the minerals in accordance with...
Infrastructure
GEOVIC Cameroon has the right to build and use its own roads and private railroad spurs, connecting the Plant Sites,...
Infrastructure - third party use
GEOVIC Cameroon shall undertake to build appropriate housing, medical, educational, sports and recreational facilities for its employees. At the request...
Local employment
When candidates are equally competent, GEOVIC shall give priority to Cameroon personnel, and provide training for such personnel. GEOVIC will...
Local procurement
GEOVIC Cameroon shall give priority to sourcing equipment and materials that are available in Cameroon, and services from businesses established...
Location
Details about the land and conditions on the lease are laid down in Annex IV, which is missing from this contract.
Parent company or affiliates outside of country
GEOVIC Ltd is the main shareholder of GEOVIC Cameroon.
Protections or benefits for employees, dependents, or others
GEOVIC and all Third Party Beneficiaries shall subscribe to any insurance coverage for mining activities in compliance with the Cameroon...
Signatories, company
The original document was initialled, signed and stamped by William Buckovic, President for Geovic Cameroon.
Signatories, State
The original document was initialled, signed and stamped by Jacques Yves Mbelle Ndob, Minister of Mines, Water and Power for the Republic of Cameroon.
Social/human rights monitoring
During the mining phase, GEOVIC Cameroon shall be subject to administrative monitoring and technical inspections relating to safety and standards,...
Stabilization
The government will not restrict GEOVIC Cameroon's internal business operation and management, including its freedom to hire, promote and fire...
Training
When candidates are equally competent, GEOVIC shall give priority to Cameroon personnel, and provide training for such personnel. GEOVIC will...
Year of issue of title/permit
Date of issuance of exploration permit is Jan 27, 1999.
Country
Cameroon
Signature Year
2002
Resource
Cobalt | Nickel
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-0274601496
Disclosure Mode
Other
See Legislation in African Mining Legislation Atlas
Geovic Cameroon S.A., Exploration Permit No. 67, Concession, 2002 (version ...
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