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Gécamines, Highwind Properties Limited, Dezita Investments SARL, Metalkol, JVA, 2016

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Open Contracting ID ocds-591adf-7609261874
Date published on ResourceContracts June 11, 2020

Language French
Country Congo, the Democratic Republic of the See Legislation in African Mining Legislation Atlas

Government Entity generale des carrieres et des mines (f0d5456b-cf63-4b07-b25c-205671972d99)

Signature Date -
Document Type Company-State Contract

Type Of Contract Joint Venture Agreement
Resource Copper

Key Clauses

Arbitration and dispute resolution
Assignment or transfer
Cancellation or termination
Confidentiality
Country

View all Key Clauses

Company

Company Name Highwind Properties Limited
Jurisdiction of Incorporation -
OpenCorporates ID -

Company Address -
Company Number -
Corporate Grouping -

Registration Agency -
Participation Share -
Operator

Company Name Dezita Investments SARL
Jurisdiction of Incorporation -
OpenCorporates ID -

Company Address -
Company Number -
Corporate Grouping -

Registration Agency -
Participation Share -
Operator

Company Name Générale des Carrières et des Mines (GECAMINES)
Jurisdiction of Incorporation -
OpenCorporates ID -

Company Address -
Company Number -
Corporate Grouping -

Registration Agency -
Participation Share -
Operator

Associated Documents

Gécamines, SIMCO, Highwind Properties Limited, Pareas Limited, Interim Holdings Limited, Blue Narcissus Limited, Metalkol, JVA, 2010 (Main Contract)

Gécamines, Multree Limited, Metalkol, Royalties Sale and Purchase Agreement, 2017

Gécamines, SIMCO, Highwind Properties Limited, Pareas Limited, Interim Holdings Limited, Blue Narcissus Limited, Metalkol, Annex, 2010

CONCESSION / LICENSE AND PROJECT

Project Title -
Project Identifier -

License Name Metalkol
License Identifier -

Source

Source URL -
Disclosure Mode Government

20 Key Clauses

General
Environment
Fiscal
Legal Rules

General

Country

Democratic Republic of the Congo.

Page 8 ( Definitions. )

Date - contract signature

The main agreement was signed on April 5, 2016.

Page 3 ( Description of the parties )

Language

2 versions (English, French). If there is any contradiction, the French version shall prevail.

Page 27 ( Art. 14. ) , Page 39 ( Art. 6. of the share transfer agreement. ) , Page 47 ( Art. 8. of the transfer of mineral title agreement. ) , Page 59 ( Art. 7. of the termination agreement. )

Location

Page 3 ( Presentation of the parties. )

Name and/or composition of the company created

Page 4 ( Presentation of the parties. )

Name of field, block, deposit or site

Kolwezi area.

Page 7 ( Definitions )

Parent company or affiliates outside of country

Page 3 ( Presentation of the parties. )

Resource(s)

Copper and cobalt.

Page 7 ( Definitions. )

Term

May 2, 2016.

Page 6 ( Definitions. )

Type of contract

Joint-Venture, with a share transfer agreement, a transfer of mineral title agreement and a termination agreement.

Page 6 ( Definitions. )

Environment

Environmental impact assessment and management plan

Page 20 ( Art. 11.3.1.(vii) )

Fiscal

Other - financial/fiscal

Each party shall pay its own expenses related to the negotiation of contracts and preparation of the required documentation.

Page 21 ( Art. 12.3. p. 21 ) , Page 26 ( Art. 13.7. )

Restrictions on transactions with affiliated parties

Page 19 ( Art. 11.2.1(ii) ) , Page 20 ( Art. 11.3.1.(v) ) , Page 23 ( Art. 13.1.1. )

Royalties

Page 10 ( Art. 4.4. ) , Page 16 ( Art. 9. ) , Page 19 ( Art. 11.1.1.(iv) )

State participation

Right to access to information and documents.

Page 20 ( Art. 11.3.1.(ii) ) , ( Art. 11.3.1.(i) )

Legal Rules

Arbitration and dispute resolution

ICC arbitration seated in Paris. The period of mandatory amicable mediation prior to the recourse to arbitration is only 15 days. Waiver of any kind of immunity, including immunity from execution.

Page 27 ( Art. 16. ) , ( Arb. 16.1. ) , ( Arb. 16.2.1. ) , Page 28 ( Art. 16.2.3. ) , Page 39 ( Art. 8. of the share transfer agreement. ) , ( Art. 8.1. of the share transfer agreement. ) , Page 40 ( Art. 8.2.3. of the share transfer agreement. ) , Page 47 ( Art. 10 of the transfer of mineral title agreement. ) , ( Art. 10.1. of the transfer of mineral title agreement. ) , Page 48 ( Art. 10.2.1. of the transfer of mineral title agreement. ) , ( Article 10.2.3. of the transfer of mineral title agreement. ) , Page 59 ( Art. 9. of the termination agreement. ) , ( Art. 9.1. of the termination agreement. ) , Page 60 ( Art. 9.2.1. of the termination agreement. ) , ( Art. 9.2.3. of the termination agreement. )

Assignment or transfer

Page 9 ( Art. 3. ) , ( Art. 2. ) , Page 10 ( Art. 5. ) , ( Art. 4. ) , Page 13 ( Art. 7. ) , Page 17 ( Art. 10.3. ) , Page 18 ( Art. 10.4. ) , Page 23 ( Art. 13.1. ) , ( Art. 13.2. ) , Page 36 ( Art.1. of the share transfer agreement. ) , Page 37 ( Art. 2. of the share transfer agreement. ) , ( Art. 3. of the share transfer agreement. ) , Page 45 ( Art. 3. of the transfer of mineral title agreement. ) , ( Art. 1. of the transfer of mineral title agreement. ) , ( Art. 4. of the transfer of mineral title agreement. )

Cancellation or termination

Termination of the contract

Page 12 ( Art. 6. ) , Page 15 ( Art. 8. ) , Page 55 ( Art. 2. of the termination agreement. )

Confidentiality

Restitution of documents ( including electronical documents) containing confidential information. Categories excluded from the scope of the duty to confidentiality.

Page 16 ( Art. 9.3. ) , Page 24 ( Art. 13.3.3. ) , ( Art. 13.3. ) , Page 25 ( Art. 13.3.5. ) , Page 56 ( Art. 4.3. of the termination agreement. ) , ( Art. 4. of the termination agreement. ) , Page 57 ( Art. 4.5. of the termination agreement )

Governing law

The Congolese law shall govern the contract.

Page 27 ( Art. 15. ) , Page 39 ( Art. 7. of the share transfer agreement. ) , Page 47 ( Art. 9. of the transfer of mineral title agreement. ) , Page 59 ( Art. 8. of the termination agreement. )

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