Arbitration and dispute resolution
Any dispute between the Government and AMLIB United Minerals Inc in relation to this contract, its validity, interpretation, termination, enforceability...
Audit mechanisms - financial obligations
AMLIB United Minerals Inc should have its books of account audited within 3 months or within the period approved by...
Confidentiality
All information exchanged between the parties under this contract will be considered and treated as confidential information. The parties agree...
Environmental impact assessment and management plan
The parties recognize that operations could result in pollution, contamination and other environmental damage to land, water and the atmosphere....
Environmental monitoring
AMLIB United Minerals Inc should take reasonable preventive and restorative measures to limit pollution, contamination or damage to streams, water...
Governing law
This contract should be interpreted in accordance with generally accepted principles of international law applicable to investments by nationals of...
Income tax: rate
AMLIB United Minerals Inc is liable to pay taxes on its net taxable income, which includes capital gains. The rte...
Infrastructure
AMLIB United Minerals Inc has the right ti acquire, construct and operate infrastructure required for its operations. It also has...
Local development agreement
AMLIB United Minerals Inc should consult with the government to mutually establish plans to achieve the objective of carrying out...
Local employment
AMLIB United Minerals Inc should employ and give preference to employing qualified Liberian citizens for skilled technical, administrative and managerial...
Local procurement
AMLIB United Minerals Inc should give preference to local goods and services that are equal in quality, terms, delivery, service,...
Other - financial/fiscal
Within 180 days after the expiration of the final term of the exploration license, AMLIB United Minerals Inc should...
Renewal or extension of term
AMLIB United Minerals Inc has the right to extend the term of this contract for 25 additional years and not...
Royalties
AMLIB United Minerals Inc should pay the government a royalty from the sale of minerals from the production area at...
State agency, national company or ministry executing the document
Minister of lands, mines & energy, Minister of finance, and the Chairman of the National Investment Commission.
State participation
The government will receive a 10% equity interest in AMLIB United Minerals Inc's operations without dilution.
Term
The term of this contract commences on the effective date and ends 25 years from such a date unless terminated sooner as per this contract.
Water use
AMLIB United Minerals Inc and its associates are entitled to use and provide water in accordance with law regulating such...
Work and investment commitments
AMLIB United Minerals Inc agrees that in each contract year of the initial term of the license, it will incur...
Country
Liberia
Signature Year
2002
Resource
Gold
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-7392828771
Disclosure Mode
Other
See Legislation in African Mining Legislation Atlas
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