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Gécamines, Hongkong Excellen Mining Investment, JVA, 2018

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38 key clauses

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Arbitration and dispute resolution

Page 90 ( Art. 31. ), Page 91 ( Art. 31.2. ), Page 92 ( Art. 21.4. )

Assignment or transfer

Page 8 ( Definitions ), Page 85 ( Art. 27. ), Page 97 ( Art. 35.1. )

Audit mechanisms - financial obligations

Page 57 ( Art. 13.6. ), Page 59 ( Art. 13.7. )

Cancellation or termination

The contract is null and void if the conditions precedent are not complied with within the stipulated time limit.
Closure plan.
Early termination.
Consequences of the termination of the contract.

Page 26 ( Art. 3.4. ), Page 76 ( Art. 20.3. ), Page 78 ( Art. 21. ), Page 80 ( Art. 21.2., Art. 21.3. )

Confidentiality

Page 15 ( Definitions. ), Page 94 ( Art.33. )

Country

The Democratic Republic of the Congo (DRC).

Page 12 ( Definitions. )

Date - contract signature

December 3, 2018.

Page 1 ( Frontpage. )

Environmental impact assessment and management plan

Page 13 ( Definitions ), Page 35 ( Art. 8.6 ), Page 62 ( 15.2. (ix). ), Page 71 ( Art. 16.3.(vii).(b). ), Page 77 ( 77 )

Environmental protections

Waste management.
Attribution of liability in case of environmental damage.
Creation of a fund for the rehabilitation of the environment.

Page 70 ( Art. 16.2.(xi). ), Page 72 ( Art. 16.3.(x). ), Page 73 ( Art. 18. ), Page 74 ( Art. 18.4. )

Governing law

The governing law is the law of the Democratic Republic of the Congo.

Page 90 ( Art. 31.1. )

Hardship clause or force majeure

The total suspension of the works can be caused by a force majeure event.

Page 8 ( Definitions ), Page 43 ( Art. 9.6.1. (i) ), Page 74 ( Art. 19. )

Income tax: other

Cost of a possible tax adjustment to be borne by GECAMINES.

Page 46 ( Art. 10.3. )

Infrastructure

Electricity networks are still suffering shortages - assumption of such risk by the parties.

Page 75 ( Art. 19.2. )

Language

Page 100 ( Art. 35.8. )

Location

Kingamyambo & Kilamusembo areas.

Page 6 ( Preamble. )

Name and/or composition of the company created

Page 24 ( Art. 2.1. )

Name of company executing document

Kinga-Kila Mining, "La Societe".

Page 5 ( Presentation of the parties )

Name of field, block, deposit or site

Kingamyambo & Klamusembo.

Page 6 ( Preamble. )

Other - financial/fiscal

Payments.
Obligation to report and pay all taxes imposed by the applicable laws.
Financial guarantees.
Obligation to prepare financial plans.

Page 53 ( Art. 13. ), Page 63 ( Art. 14. ), Page 66 ( Art. 15.4., Art. 15.3. ), Page 71 ( Art. 16.3.(vii). ), Page 83 ( Art. 26. )

Other - general

Overview of the commitments of the parties.

Page 67 ( Art. 16. )

Other - miscellaneous

In the event of abandonment.

Page 34 ( Art. 8.5.4. )

Other - operational

Page 48 ( Art. 12. )

Physical security or protection of property

Page 90 ( Art. 30.1.1.(ii). )

Project title

In French: "L'exploitation commerciale et le partage de la production des gisements de Kingamyambo & Kilamusembo"
English translation: "Commercial exploitation and production sharing of the Kingamyambo & Kilamusembo deposits"

Page 1 ( Front page ), Page 6 ( Preamble )

Resource(s)

Copper & cobalt.
The available reserves are those defined in the mining code and related operating permits.
The exploitable reserves are... more

Page 6 ( Preamble. ), Page 16 ( Definitions. ), Page 20 ( Definitions., Definitions., Definitions. ), Page 33 ( Art. 8.4. ), Page 68 ( Art. 16.1. )

Restrictions on transactions with affiliated parties

Page 70 ( 16.2.(x)., 16.2.(ix). ), Page 86 ( Art. 27.2. )

Royalties

Page 45 ( Art. 10.2. ), Page 60 ( Art. 14. )

Service Agreement - Fee to developer or contractor

Page 89 ( Art. 29. )

State participation

Right of the parties (including the State) to access the project area and take samples for analysis.
Right to information.

Page 28 ( Art. 7. ), Page 72 ( Art. 17. )

Term

Page 10 ( Definitions., Definitions. ), Page 11 ( Definitions. ), Page 26 ( Art. 4. ), Page 39 ( Art. 9.3.2. )

Type of contract

Joint-venture agreement.

Page 7 ( Preamble )

Work and investment commitments

Page 36 ( Art. 9. ), Page 56 ( Art. 13.5. )

Metadata

Country

Congo, the Democratic Republic of the

Signature Year

2018

Resource

Cobalt | Copper

Type of Contract

Joint Venture Agreement

Open Contracting Identifier

ocds-591adf-1403194880

Disclosure Mode

Government

See Legislation in African Mining Legislation Atlas

Associated Documents

Gécamines, Hongkong Excellen Mining Investment, Amendment, 2019

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