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Gécamines, Hongkong Excellen Mining Investment, JVA, 2018
1
  • ocds-591adf-1403194880
  • June 10, 2020
  • French
  • Congo, the Democratic Republic of the See Legislation  in African Mining Legislation Atlas
  • generale des carrieres et des mines (f0d5456b-cf63-4b07-b25c-205671972d99)
  • December 03, 2018
  • Company-State Contract
Key Clauses
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Company
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Associated Documents
Gécamines, Hongkong Excellen Mining Investment, JVA, 2018 (Main Contract)
Gécamines, Hongkong Excellen Mining Investment, Amendment, 2019
CONCESSION / LICENSE AND PROJECT
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Source
38 Key Clauses
General
Country
The Democratic Republic of the Congo (DRC).
Page 12 ( Definitions. )
Date - contract signature
December 3, 2018.
Page 1 ( Frontpage. )
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 - general
Overview of the commitments of the parties.
Page 67 ( Art. 16. )
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 those referred to in the feasibility study. The guaranteed mineral reserves are 1,000,000 t of cobalt and 1,000,000 t of copper. The discovery of other minerals shall lead to a renegotiation of the contract in good faith.
Page 6 ( Preamble. ) , Page 16 ( Definitions. ) , Page 20 ( Definitions. ) , ( Definitions. ) , ( Definitions. ) , Page 33 ( Art. 8.4. ) , Page 68 ( Art. 16.1. )
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 )
Environment
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
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. )
Fiscal
Audit mechanisms - financial obligations
Page 57 ( Art. 13.6. ) , Page 59 ( Art. 13.7. )
Income tax: other
Cost of a possible tax adjustment to be borne by GECAMINES.
Page 46 ( Art. 10.3. )
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. )
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. )
Social
Local development agreement
Page 72 ( Art. 16.3.(viii). )
Local employment
No policy to assist in the reintegration into the labour market of illegal artisanal miners (who are dislodged from the project area).
Page 74 ( Art. 18.3. ) , Page 83 ( Art. 25.1.3. )
Local procurement
Page 89 ( Art. 29.1.1. )
Resettlement
Page 69 ( Art. 16.2.(viii) )
Social/human rights impact assessment and management plan
Page 35 ( Art. 8.6 )
Training
Page 83 ( Art. 25.1.2. )
Operations
Infrastructure
Electricity networks are still suffering shortages - assumption of such risk by the parties.
Page 75 ( Art. 19.2. )
Other - operational
Page 48 ( Art. 12. )
Physical security or protection of property
Page 90 ( Art. 30.1.1.(ii). )
Work and investment commitments
Page 36 ( Art. 9. ) , Page 56 ( Art. 13.5. )

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