Arbitration and dispute resolution
Any dispute or controversy not solved by mutual agreement within 60 days shall be settled by arbitration initiated by either...
Audit mechanisms - financial obligations
KBC is to provide audited financial statements annually in accordance with International Finance Reporting Standards, together with production statistics in...
Confidentiality
Parties are obliged to comply with all principles and regulations of the Afghanistan Extractive Industry Transparency Initiative.
Environmental impact assessment and management plan
KBC will provide, along with the exploration plan, an environmental action plan detailing how it will minimize environmental disturbance and...
Environmental protections
KBC shall spend a minimum of US$ 50,000 during the contract for the enhancement of the environment for the community in the neighboring area of the mine.
Infrastructure
KBC shall perform at its sole expense all necessary construction during the term of the agreement, including infrastructure such as...
Local development agreement
KBC shall execute the social programs submitted in accordance with the proposal presented at the time the bid for exploration...
Local employment
Afghan nationals shall be employed to the extent practible in all classifications of employment. KBC shall also develop a training...
Local procurement
KBC may procure its equipment and machinery within Afghanistan or outside the country.
Name of field, block, deposit or site
Western Garmak Coal Occurrence at Dar-e-Souf District of Samangan Province
Other - financial/fiscal
A financial guarantee in the amount of US$ 100,000 shall be provided by KBC to the Government of Afghanistan as...
Other - miscellaneous
KBC shall take all appropriate risk management measures as outlined in the approved plan to prevent damage to the rights...
Parent company or affiliates outside of country
Khoshak Brothers Company, with offices in the city of Kabul, Afghanistan, at Chendawol, Jafaria Mosque Street, Sarai Haji Dedar,...
Resettlement
If necessary, the Social Development Plan will outline the 'Resettlement Action Plan'.
Royalties
Royalties due to the Ministry shall correspond to 1211 Afs (one thousand two hundred and eleven Afs) per ton of...
State agency, national company or ministry executing the document
The Ministry of Mines of the Government of the Islamic Republic of Afghanistan
Term
The contract shall be valid for a period of 10 years counted as from the date of its execution. KBC...
Type of contract
Concession. Right to explore for coal mineralization and the right to mine the economic portions of the deposit, including...
Water use
The Ministry of Mines will grant rights to subsurface water, and facilitate the use of surface water, as may be necessary for this Contract.
Work and investment commitments
KBC is obliged to provide a detailed investment plan to the Ministry of Mines for the exploration phase of the...
Country
Afghanistan
Signature Year
2012
Resource
Coal
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-3433899670
Disclosure Mode
Government
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