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Laws of Liberia

Minerals and Mining Law (Title 23)

Made 2000-04-03 · Text as of 2026-10-01

Public law and official guidance, published as research. Not legal, tax or financial advice.

About this law

Language
English
Kind
Act
Organisation
European Union
Country
Liberia
Subjects
Energy, Environment, Land and soil, Mineral resources, Water
Keywords
pollution control, environmental impact assessment (EIA), protected area, access right, soil rehabilitation, freshwater pollution, water abstraction, water rights, groundwater, renewable energy, basic legislation, mining, exploration, minerals, deep sea bed, special fund, alternative dispute settlement, institution, inspection, offences/penalties, authorization/permit, governance
Categories
metals-base, metals-precious, minerals-critical

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Text

The law's own text, section by section, as held. Each section has its own link.

  1. Section 1 — 1 Title

    Section 1. 1 Title ""' ■ Section 1.2 Short Title I-

  2. Section 1.3 — Definlti.ons

    Section 1.3 Definlti.ons CHAPTER 2, OWNERSH,IP·QF MINERALS ..

  3. Section 2.1 — Prop"_rt;y.Rlghts in Minerals

    Section 2.1 Prop"_rt;y.Rlghts in Minerals Ii Section 2.2 Miner~ized Area • Section 2.3 Right of Ownership 11· 'I ' CHAPTER 3. ADMINISTRATION OF THE MINERALS AND MINING LAW

  4. Section 3 — 1 Administration

    Section 3. 1 Administration . ■ Section 3.2 Atlthority to lnve:stigate •

  5. Section 3.3 — Minister's Alrt.holity to Delegate

    Section 3.3 Minister's Alrt.holity to Delegate

  6. Section 3.4 — Establishment oJ Minerals Teehnlcal Committee

    Section 3.4 Establishment oJ Minerals Teehnlcal Committee Ii Section 3.5 Powers of Committee • -i CHAPTER 4. ELIGIBILITY FOR MINERAL, RIGHTS

  7. Section 4.1 — Mineral Rights Required

    Section 4.1 Mineral Rights Required ~ection 4.2 Persons Not Eligible for Mlneral Rights CHAPTER 5. RIGHT TO CONDUCT EXPLORATION i Section 5. 1 Reconnaissance License -i

  8. Section 5.2 — Prospecting 'License

    Section 5.2 Prospecting 'License

  9. Section 5.3 — Exploration License

    Section 5.3 Exploration License !I

  10. Section 5.4 — Exploration License Required

    Section 5.4 Exploration License Required I .- j I I COO® XVd' 9i,:ar L007./7.I/OI .&.v.v..a.anA '41022 1':."1·:',• · , . I'·, r• ... ·., I • • CHAPTER 6. RIGHT TO OPERATE MINES r"" .·.,. .:-· . . . ;'Y·-./::•(··'., :· ,, Secti~!)ftt·_Miningµ~nse Required section ·f;;2 Construction · ;•,_,:;,,·:::~- ,· • ·.J 1 •.• . • °' ;\-;::\ > '~ :: Section S.3 • Class C Minlng License {:;;':J, C,: '. • • Section Et4 Class B Mining License ·<"i/<':: . :· ,$.Section~.5 Class A Mining License . 1 ' .:·-. >: • • /J· Section 8.6 Mineral Oevelopm&ntAgreement

  11. Section 6.7

    Section 6.7 . Provisions Common to AA Mining licenses . ' •' ' ~ •/ ....' ~:•,•~., r; .•• CHAPTER 7. RIGHT TO OPERATE QUARRIES .... • • ~:·/·.':. , )" '·;•,··'• Section 7.1 Right to Operate Quarry ·':·:·. ~~ -~j ;' ,•_ : . Section 7.2 Eligibility . • ~ . -· •.·, ., :1; I • Section 17 .3 Grant of Quarry License ! ·' l·. ' ~ .· .• ·:·: CHAPTER 8. ENV\RONMENT AL PROTECTION ,. .•

  12. Section 8.1 — Protection of the Environment

    Section 8.1 Protection of the Environment Section B.2 Restoration of Site t.

  13. Section 8.3 — Environmental Safeguard [:,

    Section 8.3 Environmental Safeguard [:,:

  14. Section 8 — A Environmental Impact Assessment Study

    Section 8.A Environmental Impact Assessment Study Section'8.5 Environmental Management Program Sec.tion 8.6 Periodic Environ mental Assessment 1·- ,· J. ·" ... ,.-·'.,, :- CHAPTER 9. ~ROVISIONS COMMON TO ALL MlNIN~ LICENSES 1··, ',i ~ ~ , 1 ,. ' ~-: \, '

  15. Section 9 — 1 Development of National Mineral Resources

    Section 9. 1 Development of National Mineral Resources /_;{:(..,: .. ... ·.,,} I : _

  16. Section 9.2 — Existing Rights

    Section 9.2 Existing Rights

  17. Section 9.3 — Renewal

    Section 9.3 Renewal

  18. Section 9.4 — Period to Vacate

    Section 9.4 Period to Vacate f: ,.'' • ~

  19. Section 9.5 — Extent of Mining Licen~e

    Section 9.5 Extent of Mining Licen~e f'• Sectiorl 9.6 Boundaries to be Identified Sectiori 9.7 Modifications

  20. Section 9 — '. 8 Reporting

    Section 9'. 8 Reporting

  21. Section 9.9 — Termination of Mineral Rights

    Section 9.9 Termination of Mineral Rights ·--

  22. Section 9.10 — Government Right of Option to lnstailatiori when Class A Mining ·,

    Section 9.10 Government Right of Option to lnstailatiori when Class A Mining ·, License Terminates t··'..

  23. Section 9 — 11 Surrender of Mineral Rights

    Section 9. 11 Surrender of Mineral Rights

  24. Section 9.12 — Holdel'e Obligation to Government

    Section 9.12 Holdel'e Obligation to Government

  25. Section 9.13 — Extent of Surrender

    Section 9.13 Extent of Surrender

  26. Section 9.14 — Revocation of Mineral 'Ftights •

    Section 9.14 Revocation of Mineral 'Ftights • ••1: ,

  27. Section 9 — 15 Effectivenesa of Revocation

    Section 9. 15 Effectivenesa of Revocation . Section 9.16 Date of Termination of Mineral Rights • • .. Section 9.17 Assignment and Transfer of Mineral Rights Sectio~ ~.18 Assignment as Security '.___ ;; ii '. I j I I ·• ·:. - ... ~,.

  28. Section 9 — 19 Condition for Ttansfer

    Section 9 .19 Condition for Ttansfer . •.~

  29. Section 9.20 — t=orce Majeure

    Section 9.20 t=orce Majeure

  30. Section 9.21 — Force Ma~ure _Defined

    Section 9.21 Force Ma~ure _Defined ■ Section 9.22 Govemrnettt Ownership of Equity '. I·. .,...,. CHAPTER 10. PROTECTED ZONES

  31. Section 10.1 — Lands Not Subject to Mining Privileges

    Section 10.1 Lands Not Subject to Mining Privileges ■ CHAPTER 11. RIGHTS OF OWNERS OR OCCUPANTS OF LAND !I AFFECTED BY THIS LAW II ■ •• - Section 11. 1 Rights Governed by this Chapter

  32. Section 11.2 — Obligation to Observe this Law an_d R,eg1.1lations

    Section 11.2 Obligation to Observe this Law an_d R,eg1.1lations

  33. Section 11.3 — Supremacy of Gpvern_mt,n_fs_ Right

    Section 11.3 Supremacy of Gpvern_mt,n_fs_ Right .. .

  34. Section 11.4 — Rights of land Owners of Qccupjn~ of Land in Respect of

    Section 11.4 Rights of land Owners of Qccupjn~ of Land in Respect of Minetal Rights .·, . • • • • Ii Section 11.5 Procedure o.nJ~efusal of Land Owner to Grant Access to Land . for Exploration or Mining

  35. Section 11.6 — Specifi.cAuthorlzation Required

    Section 11.6 Specifi.cAuthorlzation Required II CHAPTER 12. PUBLIC USE OF CERTAIN INFRASTRUCTURE OWNED OR I CONSTRUCTED BY HOLDERS OR MINERAL RIGHTS -- •·

  36. Section 12.1 — Use of Infrastructure

    Section 12.1 Use of Infrastructure

  37. Section 12.2 — Pixed and Movable Assets

    Section 12.2 Pixed and Movable Assets CHAPTER 13. REGULATJON OF RADIOACTIVE MINERALS ,,

  38. Section 13.1 — Minister to Make Rules and Guidelines

    Section 13.1 Minister to Make Rules and Guidelines

  39. Section 13.2 — O.bll~ation to Disclose

    Section 13.2 O.bll~ation to Disclose II CHAPTER 14. EXPLORATION .A.ND DEVELOPMENT OF UNDERGROUND WATER$ AND GEOTHERMAL DEPOSITS II ; Section 14.1 Prospectlng/ExPloration and Mining Rights II Section 14.2. Exploration Licenses for Underground Waters or Geothermal ~~-

  40. Section 14.3 — Operation Permit

    Section 14.3 Operation Permit • Ill Section 14.4 Specific Condition .

  41. Section 14.5 — Perimeter of Prospecting/Exploration Pe-tmits

    Section 14.5 Perimeter of Prospecting/Exploration Pe-tmits II - -- !I fu . too~ YVd cc:TT LOOZ/Zl/Ol .a. ..... , . £ . - ~ ... vv, .1.v. J.1. rl\A 14)021 ' ,:~ •:-._'..., ... ' , •• , . -'C_HAP1£R ,t5: TR:AptNG.AND DEALIN(i ,1,N GPLD, DIAM_ONDS ANO OTHER ~ :· -~, • • • .; .'. • 1 ' ·' • :_;. ·,·· • \ . , ·,. ; f. '_--. . PRECIOUS MINERALS·. • • - , ' . 7 "/•i· •... , , .. v'· .\,;.· . ~ . ' •• ·-~·.-., .- •• ·.--·: ,. ·_~· _ . _•• • • .-.· •• • .•. _ • •. (, ;'.i/( ;},:· ::,,:S~#ri;:Js:.1,iJ":r."~~e.:inG~ld•an~i·o!a~nds Regulated· ::;: ·• ,'•:/:)l$~_ctfo'rr1l2,Eftgibi,l1ty'f()r'Brc>ker's License· •, • . :r:s~di6_t\':1f~;3'.'.Eligibiiity'.for~oealer's License . . . .... '. •. ·,:j ··, . • • . . . •, ::,'.:/ 1 :). <. \::\-}.S~t(gn;-:ts}t'Trade ~nd Oealership in Precibus Stones and Minerals ~·:\t' ::.~}i{;·i:.::~~1f1*t·Se4~.-nce. of.Transaction. ·.?<:,: <:- -',·-: •··:Se.ctiop=.1_5;~ • f.>e.rtortnanre Bond •. ,, ;'/;: .-:. :~\'.' .... : ;c :· ::''.: _, • ; • • : • •.·.• . ·. . . . i:,;:,x/\·.J·"_•::':.c8APtER\!fa~:_fNSPEc-r1oriAN.o sAFETY \{r~:/:·;_,.·:\t·:~~~io~\.6)-Safety Measures • :.· • . )., . . ·,;: 9 ~ctlo,ri:1ct2>-Qa.ngeran.d ~iderrts. , . -/ >: : :· .,.:· 'SecU<?,n·te:~· Report of Acclo~.nts· . . . '.;f :•d· ··: • ·: • . · 'S~ction. 16:4 Preservation of Ac;ctderit Scenes 5. ',: ·'.':'· ;: • ••·,,·:. S'eotlqr(h:tS -O'bligat~n to draw op woricplace RegLtlations ·::S~ctio0·1"6'.6 Appco.val of Regulations • • •\ :S~ctlon )Et 7 •Emergency .. · ·.s.ectid'll' 16.B , Outy of Contractor . Se'ctiono,16.9 •DeJault . •• -~·$ectlon 11f10'Ctiild Labor ?rohibhed : Section 16. 1t ·,,J$8 o(Exp loslves . . ; .· • . .. · .-.·)_.._,.,. •·_ ,, Se(:t,ion tG~.1 z·Application for :an Explosive Pernilt ·.·. ·,. ,, -·, •..• ,. '1 • • ··, -·· CHAPTE:Rt7, ;.FISCAL PROVISIONS 1 ! • , Section 17. t Fee~ for Mine and Qu~rry Licens~s , • , ' $action 17.2 Fees for Mineral Trading and Dealership :· ..... , . /Seotion:17.3'Surface Rentals • '..:\ ,:- '·· :,, S,ection.1.7.4.:Minera(~pyalties _ .. .,,·;: 1 <\'. _ ·.' 'Section :n~s tncorrie Taxes and Other Taxes • . · .· · , '. ,,. ·:, . • • (S~citior\''17.6 •Government's R;ghttO Receive Rotalthts; Ta~es and-Dividends in ,.. -:_·.'--.' • • • • ·,: .:. ,· · , .Kind:. • . .• . . . . . • . .•• : : ,., •.·•.:. ~von~1.7 Government's Ri.gt)tto Purchase Licen~s· Productibn \: ':·.,.. , 8 Incentive ' . • .Sectiort,17 .... . ..... . • • • I :. . ---·, _·.·.. • \:'.: '1 ••• .:· ··cHAPTER ,a.:· ~EAsuREs fORTHe PR0MoT10N 6F MtNlNG ACTMT1Es ·,_ ;,,- S(3CtiOn JBA ·. Scj~ntifio investigation S,ection-18'ii Minister's Notice .. •.-;'Se'ction, 1'fl3' Establishment C>f •Mineral Development Fund ...·..• : :·•· ~ctio.n teA. sou:rce offunding fofJne Mineral Development Fund ·•: ·•'.:.sect1o,nJ8.S Ad~inistratioh of tne Mineral nevelopment Fun~ • iv ■ f:7,~~- ., ·. . . i,:·.. · \·· i ·" 1~·- ... ' ., ,:-· :J<:-. . ' .. ·,. . . : '·:· :·, .v. cnnfiJI YVd cc:rr LOOi1i1101 141020 ~ , - . ~~ - . . . '~ . . . . , , ', .' :-_ ~ '.. :-;:/>:; AN ACT ADOPTING A NEW MINERALS AND MINING LAW·-- _-;,, :_<'l tt , .• ~ . , .• •. ~ , . ~ • '. . •• . • ., •• • ' ' ·,', , • ,.,",;.'.:·~·~:.;~;~~~)-~ .;• ·. -. . . . . . - ~ . .,.. .. .• !-~-; ~-:-.r; it is .Enacted.by ti,.e Senate and the House of R~p;i-.s.entatiyf#S_'o_f flte,. •- ,.. ':\l:,:J-1 {,> • .... 'II .( ·;.-·, :> . Republic of.~~t!rlttJn:Y1&latu~ ~mble<lt • : Sec;tion 1: .Chapter 5 and Chapter 6 of.Title 24;Volume lrQt the Ll_beriart. _\,•,;:-.--~ Code of L~'ie'S.of_.19~6:· chapter 6 of Tltle 14 of- th& Liberian Code of Laws R~vi~~ an~ alL ·//;.'-_'.~; _ Arnendatory ~ ~h.ereto_ ar~ hereby repealed~ and_ th~re. I~ h~~~.Y ena~ed ~n_. heg !t)er~o{-.: . _:. .: _;\-1i aNew:Mineral~;And·Mirung Law, Part:t·ofTitle 23of ttie Lil>enan•Code·of l,awsR~vi~~'-'·_:_;l:':.:;_· .... :: ,.''·:<:::.:·:· . . .:_ .. ·_ • ·. ···.·-·· _ ·- •• _ •• • ·- ·... ::_ . _:, •• .. , ·:-:.···_,/-:;\::;::it:.'. • • :_ • ·.-. \·::· _;_i\;)tt{t~I • ,· •:~ ~ ·_ PART.I.. MlNERALS AND MINING LAW - , .•:_,;> r.· ,;.. • CHAPtER 1. GfNE~L-PROVISIQNS ,: :{;:;:~~1 l ..,! I • -,:;~.

  42. Section 1 — •. 1. Till.e

    Section 1•. 1. Till.e ~· •Sect1oi1 12. Short-title .

  43. Section 1.3 — 0efinitiori af- Teftll$

    Section 1.3. 0efinitiori af- Teftll$ ,; _• • - :S~ction ·:1,): titi~. 'Tl)ii:A~t cirinstitutes Part l of Title 23 ~fthe U,beriap c~~:/\::t) of Lil~R~Yl:~a~ •. · :· __ : .. _i•- j" , -. .........· . • _. ,. • ·:'"/ ,··.s.;ctla~ 1.'2~ ShorfTitle .• This Act may be clted' -s the Minerals.and Mining :-;:/ Law.

  44. Section 1

    Section 1;.;3, Definiti.Dn;i. 'Af, used in the Minerals And Mining Ut.W, th.e • . :< ··<· ;: \~ ~ following terms or-phfases. shal_l h_ava the in~i-?ated mean,irig: . . . . ·. . . ... • .. . : •. . . . : . '.:j . ·,..• •. ·.-· . . ·... : .•. ,, ... ~ ... '". . :~.-! I:·, a. Additi~nal Area: shall ·rnea·n ~ny un~ncurnp~red •nd-~<:ljc>jnfrig:.4rea·beanng a;•" '\S'':·/ . geol99ical relationship: to the·o~lna:t ExJ?ror~tion Area;·•---• - ': • •• • : > •• - /-/.' • '.~\;'/~ b. ,i-°\ffili~te". ~h~l1 mean~ P~r$Ohth~t contrors, i~ COfltrdlled•bY otJ~.urid~('-;·r., ';>:}~ •oqmmon control with another Pers9n. _"Coittr.ol"'shan mea(J the posses·sj()tl' tiy.,. op& ee$6n of.the power to dir~ct or admioister;the affairs qf a.nqt,lief ·Persori:;',,~ . _, •·i · by'~l~tfof.thiit :ownership O,fo'iOre thal1fift)'._perceht (50%):ofthe st:i1i,re~pital.\:::>;,-.\ . ·or oU1ej"equityJn l:lUCh p~rson ocby virtu~ ~f any O~h·er rightor RoYJer:'~o-.dlrecf :, .·, .• ') and\adtrii)iiateflhe•itffaitl'. of such Person. . • • • '. • : • • -1 · ·:.< : -··: :_'i ::•-· /: \C··_, :: >.·· • - : > .- __ - .. _ - . . .- : , ·_ · ·;/·:· : ::,l _.c .• Blind.Trust': sh~U me;;in- .. ~Jtlist 1n·which th~ Setllorc0r the cn~atoc~ftl)'~trlist: ·\,- ,.,-~>; place$ his im,estn,Qnt. u~der !t}etontrol of ano~r i11cfepeiidenf)tii~t~ Jt( i~f<: i:;/,:,,/i orde'rlo avoid a conflict MTnteres t ._- • .-, • • • • . -/; • ,•.->.-.- • •. • . •. ' • ·.'. •. •. .- .. ··_ .·_ . . . . . . . _ . • ·: : >-t· :J <1. _~S~ildlng and lndustn~f Mlneravs:• sh_a!l mean ~arit~.:_basj!lt;'eJay; ~~l~rptt~._ :_ \.:> •·:-_;. '_ :_.: .f~lj:ispi,r., 9abp(o, 9r~~•te,_ gravel, gyRs.t.Jn\ latent~. h.r;o@~o~}'(rlJ~(~~Q~,\te, •·: ..• ,1 ITlclrble,' phosphate· rock-, sandstone; beact:rsa:mf. ~llate. ancMatc ~rt mined- .· .--1· 1 '•for use ln'U~riafor agrl~ltural, buildin~1-r'o~(l.:-~A~!uc,~6~ ~fi.~~ttn~(j...~.L--.-:::'.:-: •• l •• < i :; ;'. \,)}f';\) ~ ~ ·,. .... ~ ... ;.~) ··:- . •..!, ._-.:~ . .... ·.t, ':: :.:• .. ,·.' ..:-,;. ... :..'.,: ;\I{}'.'.,f',,;:!'.i}\~!,' ,f}" ;.<.-;, •· i . <; /,, / . . .. · •··:.<,;. :,.: '\;.+. t' ,e.·pufp&ie,sl-.and•irtcl~~~~ ;~UC.t(other'Ml.n~rats and· aggr~gates'of Minerals as the 0 .· .• ·. _·..•.• •. ' • • 'I?'.':' •.::·.;.:.: • , , • '1. :..:: ". ··:.,. ;,!,\•.'": ~ 'Mlotii£Etr:ibf,~n$;fs, Ml,ne:f&)::r:ie1i}Y 'may frt>m time to time. dfi!dare by notic~ " •)-"'_.~·:·: ·.. .-:>:; ,:,-;-:,_'.\";J..·;\-i::. ·,,, :,~"t~,t•~~~-'!!}~-~-:rfry~-~,/~~~tte_ ~f ~~-~~pub\~~,of U~e~a to be B~ilding and_ ..:?h~--; .•)·_:;~,_:\j?:>?/)ft· ' S!:~,-\:f>:·-: ·. ·:.-.:\=. ~ ._-:. ,, ·= • • ·,.-:- ,._·. • ... :· /. • •. :·::· • . .. ·,;_ •. ..jlttt~ ·.:; -=~:_ ~:_-,:·., -~r\;~;i>r:n· • , W~":-;$1:l&U. trniian tht) Natlonat rnvestment Commission: an·,A9ency of _;ft:,:· i)~;i}(<,;tiii~~rf~i~!l~~~i:ft,y ·Act' 6f, Lagisl(!ture 0!1 ;September. 19. ]979. .,.,;: ,~.·. ·,\ '.;_ :·,./,:~'!:.. -)'.;~;.-'. ~:~ ~,'~ :\:•, ,::,:,,,_f;~~~~\1,,~~:~:::~~~~~t,;~~:/;~::;t~•:1~~•~~•~;. •?"'\,'::-\.;~ •~• ~-.. , •: .. l • .•, • ••• ~ ,' • '- : .n •' •• • • , ' .:•~-~~~~,,.,~ ;•., '/ . ·:~-,.\~,:)f ftf~.t,:··~tdcirflffittt°~l:i-.:1balh~arf the~ Minerals Technical Committe~: - · ;'j,~ '. ' :. - '~-:-::~-·~;:,,vi·~··.;>1::~I~~,~;~)~~l;;·,?,{\;,\""~/·1,,\·•::j;~:·· •' '.. . .. : - • .'. I '· • • ~:-~:~,~~~~'•,1, ,· \~:,': •::; / i):,,·,{t:tJ~.i\'C.PJ)~Hat;i9i;r .~_~h~II mean U:,e. adju~nment· and. se~~.r:ne".'t.o( ·a }iispute. in .~ : ;·.t;;','.,< ·,·,. ·::_ ··" •• ..~··i.,:••:"•.: ·:,:,.-t'rfenQtf\';miri'ner.:sb as to avoid a civil trial. • •' · .• :·: ..,,.. • • • ·';;, -:·1<-/,. t:f!I}~liliitiltl~~*iu;~n~~-~~~•tlo~oilndidtiJ{~~:t~[;~!f~6.· -·• .•.!:j]! .""' ' :" ' 'L' ,, ~Q~?f!ment •han mean the Department of Minos )'1 thtn. tilt, Min <stry. . .. ; ,. ,. ,.:-•.i.:-·:·:_ • .-. •. ·,":tt.-.... _. .. •.-.~ .. ~'.~ _:,;:. ~, ~/ . ~ .·.:· .t:<t\::,~ .;.:_-:f ·/.:,:/X:c:: :,: ••• theity.p~:applle;(ifqr pursu~·n.rtp·t11.~provis}().1iSJ>(s~ction4.2 e>ftlii~'Lt!W, an·d • c• x;J'.{. ~--;. :- •<:-,·,,:.'.:.,. :.·· , •.. ,n.-t;;,: .Envu:onm~ntal. :·Comrn1ss10.1J ... $half mesa:., .a,n, aganey·:.,,o.f, ..Government 900~ XVd Lt:51 LOOZ/Zl/01 .._...,, .&.•• ... vv1 .1.V.l.f:t,I rt\A '41019 I. i q. "Exploration License" shaU mean-a license acquired pursuaot:to Secti(.')115:_3,p(::· ;/:{·.\ this Law. · .. • . • • . · . .··: ' '. · ,· ,·t i r. ·. 11 First Produc.~n-0.~te~ sh~II mean the date. the Ope~t~r is requirelt~·,. .: ·. commence Mining under this-Law. • • • • .. ' .• . ::· C ,: ·.-·::~·:i.<?·~-~ •.,.., .••,, 1 :.·::·: f s. · ;.Geothermal neposit" shaU meao ,a .deposit enclosed in the ~arth from Which •·: ·:\;{' .energy :can be extracted in thermal form. particularly by using subsurface hot. :i\:>ij ; ._~\t~ i t waters: and the steam contained within them. • " .. · •• , , •~:~:i "-Government" shall-mean Jhe _Government of .the Republic:ot Llberi,a- andall. /.. ::/ ~-:,~ • . •• • . •. . . ~.. I .' • '\:-'-),~ I branches, subdivisions, instrumentaUtie_s; authorities and agencies. thereof. ,' -_';_.:'-::}:J~; - j. • -~-~~i}~} '! u. "Holdert shall rriean the ·holde(of a Min~ral Right under thi$ Law, • ..J.'. v. "ICC" shall mean the tntetnational C~amp-Jr ofC.ommerce.c .. • • •• •; • • •-• • A•~ • Ii ' W. ''ICSlD" shall mean U'le International Centre foi Settlem~nt:oflmiestment • 'Disputes. • • •• • •• •• ' • •• • • i X, "Land~ shallmean anYJ~nd in the Repoblic including any creeks, streams .. • .riV,ers or. bodie$ ofwater (and tht,ir residue) contained on or within aH s.uch .• land:·:· • • • • I y_ "Landowner" shall mean a person who owns Land by legal title. ~ z. "law" shall mean this Act and the Regulations. •• • ., ._ '.' ...I, ~ aa. ~Industrial Operation" shall)nean Mining employing 1arge scale, heavy ,;juty.0-f ~:, .. .'; earthmoving equipment~ - • •• •• ••• ·.;· ~)< •• ;-. ' L. w cc. ~ ·MAo• hall mean th.. Mineral Appraisal Office within lh~ Minisl(jl, ' "Mihe" When Us~ as a ne>un, shall mean any place; ~xcavatjon ~r: ytorki0g.~t which Operations in'<oM('g Mining are conducted togethe, witha:11 buildings(' . • erecti~ns and o_therimP.rovements ~teci ori and· affixed tne.reto,:i11clu~i(i9-a-·:, ;. ·:':_j • • ,-: :. •( t1 A'. •• • -O~ilf'Y\: :-.. ':.< ;': f . ·..... • • •• . • • . • ..•• . • • • ··: . • ' C . •• .. • ·:•. ·"._,., :',::; . . • . •. . . . . . . . ; ·. .'. , .. , : ; : ~ -~· • . , ? : . • '· • dd .•. •· "Mirle"\•Jtien U$1:'d as a Verb I 'shall mean to intention·a1ty ·extract9r\\'IQ ¥lrteral~': :;:~,, ( ;': ! and includes any Operations directly or indirectly 1ncidental ther,eto,:, . :. • ·' ; • ,_)t: /\::: 1 > . . ·. . • • .. :-· •• •. .-. . ·_·_;.-·_:_\· ..• ··.__-' :.-;-.:·· ..: · .•• ~- !, _; i~_ ...,· ·~--~·,:,,.:.··.,.:·;_ ee. "Mineral" ·shall mean a naturally occurring ele~nt orco01poorid h.i:i.vJng·.:a'ri,e-'::_:, •.' ••,'.·: _: •~ I':" F•. orderty internal structure and characteristic cher.nt~i composl~Q.O. 6cy$tatJomi;:-' ·.-,, and physical properties, formed by or r;ubject to a g ~loglcat pr~.s:~ ·~·rid.;·· '. , :, : •- • including BUilding and Industrial Minerals;.butnot in-dudiogifo1cjroca'~qn~..,:' ._ ;···t •· . . - - •. •.. . •• • ! ~ 3 .~. ,:· 1,,. . • ,.ii.: ;i:·;·::/'; •• .. ·--·-· ·-------- .. , ,: . . :---~-- -~,'-, . .( --- -- . -- l.i.;,liJ~t.~~i ,~!;~t('~,i~r~.·•. itt.~~t~. . :,;:'.';•. ~),.':}·:!i~: r.;,~, l3n.•:~_~_:. iin,\a_:'gr~.· e_:'m:_·eri.·: ..... t,:.:~_Ote,: red.iht6-.,.:....·.. ::_. • . .·e:· ~ci'letmmenra,rid:. an. e11giti1ttA.Ppli,ca·nt ·1or a··crast'A Mlrrng' ', .• • tffdi~t/>;;;.•,•-i•,o<. 1 ·~:::''\~:s~~IJif~~#h1:~·.~ti,~rbifld\~~-:µpcin:'ttl1i~epubJ.~~~ ~:gn~by··.· •' • Iff~•'• ••. ••• ·~rt~:'l~\S~otJ::S:~6(~)·:at.1da·p~tP.ved·l> .•,theJ~resident:.oHhe :.• •.• 0 ~~fi t~1f l;1~,;~j~}fi~~~~d•."~~"~m;:~1&eti~Y:jf : 0 Jg , •p:,.,:v ,:,c;-:•:11ft.:,:f~Mlner:aliRi9ht~ shan:mean and·include a Reconnaissance License, a \{i~;·:.~2:D·•:.?\~~".!i"~~6$.~C~~Q. tf~ns•·.~an. Exploiation ·UCEtl'lse;• ·a Minln~{ li~nse. ot· a Qu~try r;lti~t8?'.·t:':::.('..~"~-if~~··: . ~-.:_.:-··:·✓.::··.· •• ••• ••• • •• .·.·.·.: •• ·'.·. •• • • .-:· •• ff?.•)?f/.::,:.,iJ1·,·1:,}'.Mini~,~~i.~~j ~-al.~,~~✓-e ,th,ff•i:r~a.nl~g pf.o\tid~O•in. $hapter ~- ..• ; . • 1'\i>'.:11~~~}h,t,:,.:•:~.J~.. ,.~.·/~- ~~/;Jt\tttr~~~-.~~1·;-:,,,. >• . ~-~~ . . · -l~·-· •.. -·.· . . ·.:-~ • .. •. . . ·-~ .. . . . ~ . • /k'i--11\:,:_';' Ji.'._· -·~Mi_tilst~~-:~alt\~'tiri 'tne:·Minis~f of _Laiit(S~:.•Ml~ &' Ehergy . o( th~ .Republic· ' • ::t~/{\')t,'. . and'. h:i,a orherjitJCCe$SOi"s in office o'r function>; •• • • • ..,.. • )?J{~</:::i:\\··.;::,:....- . /;::. _. ._.:":/\\.'_·:~:. -:f'L~>.\(·;•::.:::.:~. · . . ._,--.-.:-. - .. •. ·• ... : ._.:_.··:'.·'..'··•·... :_.:·.· _.: . :·:. -..:,>.<·:·_· -~·· ... ·_:-:.-:.··::--.: . . ·':-:.::-.·: . . ,. .. :'·);nsih:\.;·Rlc;.,t·Mrntstry'tshan mean the Ministry_of Lands;·:Mine~ &'En&rgy.·of'_th~_;J~'ep:ubt,c.· ,_\.,._:.,_,·'.,,.··:.~.-.•.·.~.·:,_:•.. -: . _.::;:.(/· .,. r 1'~ ( ( ., •' • ,, ..,-;;) ·;/· ·•:i"' :}{f).i ; \p~;' ,;~pe;ato~' sli~l~' mean ·.the holder ~r-a M,net~l- ~1~t,:eng~ige~\~.9.;~~ii~ns.- ~t~tit;ir:i!~~J4~ili~;~~!c~'~1 ·~·~•~QfQ~~~·, ,tpttpa!~;~~, i,'~;?,':_ •..-:-·, rr,.•. 11P.e~n;r-$ll(3:U:.~an.~ ind1viduat', par:tnership~· j~infV$Rttir~. asspc:)a.tl9R', :-~::,/'.:·'.,, /. ,:. : . . pofporilij~n,.:.coop,erative,.'\n,J$t,.estate, uri-il"!corpo'rated entity, government or , .. fa:ii~: Y<. ): . ·/?. :: ·slit., and·ahy;&~aljc,h,'. s~~iyision, inst!:tJriieT1ta_lify, authority. or ag_ent,y of any flif~i}~1I!{~~;f;1{~~~:;;!~,~~•u~~t•M;~iog::2t!\1':\, , r:··',, ':· ··, ?:: \tt:/./'Pros~e<;tiilg*-'$h~ll:meanE~for,t1pn-..cam~d-;o_ut.Pt1rsqaQHo an~Jn· :,:·.:· -<it", 1•, ••. accorC,aoce:wiUHhe' ~mis oHr Ptosp:eding:.Qcense;• . • ·, ." .. (·:'·•.:!, ·:,,· : ·4 " f' : I .,:I '•.: -.;. :,f~ • lU/1212007 15:49 FAX 141018 •• • , . •uu:. "Prospectihg License'' shall mean a licanse acquired pursuanno Chapt~tsfa: :. ; . ~ oft~~~Jaw. . , .·. . . ~}//?)/,] . . . . . •. . . • . . • . . ••• •· . • , ./ <··: VY;-'.. ''(,lu~" '~hall ~an sn open woncirtg for .ttndAlning or other- .~a6u~o,ot; , . <i:< :\\. t;.;;jf' /t):J:?t 1 • , ••.. • >_" • : :·_-:<'\\/\;{i;}}\ji . • .· : Bu_,1dt~:~~nd.ln~~~~a.nAinf!ra1s~ • _· ' •_. •• . _•.> •. ; , ww. -'Quarry Lfoer,s1i"sh·aIt.mean a 11ce·nse acquired pursuantfo Chapter7•.qfthis' .• ,.::,:·.: :>·,; • La~-: _.·· . •.. . . . . ·. • ... • >:\\\\ XX. • hRadioactlv~·Mlnerals.. shall l'J'lean Minerals; which contaln•t>y ~19bt at leasr . •_·.· .. •':\.,:::::,,: one·twentte.th· of one percent- (0:0005 or 1ao x :01l of urani1.1m-orttiodum~cir' ,:.: '•.. 'i•':?',.•-'· 't any combination of them alldinclude but are not limited: to:· 1} mon~_:t.ite $arid.</>:,' -/tj ! ar,d oth~r ore c.ontainlng.U,o,rium;-and;·.2);~rn:otite,·pitchtj_lehcte,~nd6thE!r6res._::.,,.;)/:;·l~': co·n~ini_ng uraniunt . : . • ·•· '. : . :. ·•· .· •• ••.·.-: :- . • • .: •• .. •.. •• •• .· :· • ::··:;:?~,:~_j_).: yy. '"Reconnaissance'' sh·anm~~m Expl6ratibrr.~i:ried· oufpursuaiitto a . · Reconnalssaoce:.Licens·e,: . . ·. ·- ·-· .. ' ••• • • ,_ • zz. "R~connalssan_ce License;, shall mean a license acquired pu~uant to Section .,..... ) : ·,-,·-• •• 5.1 of this Law:·. , . • • • • • • •• :. ., • :~ \\·:_·_\:~ aaa. ·;·Regulatfo·ns" $hall mean regulations promulgated pursl!ant to Chapter 21. • , .l . • •. . .~/- '\.) ., • r • .. • . . • . • . .- . . ;~ 11 . ·, .: ::-. s---~ bbb. •Republic'' ~hall mean the Republic of Liberia. .. CCC; "Small;;Scale QperatioJi'' shall rriean·a Mining Operation other thcll'l an' • '/,. ~:.::'.: •, .... Industrial Operation. :/·~.I ddd. NTerr'nination·: shall mean the. lapse of a MlnerarRl~ht tiythe expiry of.its term; • surr~nd~r by the Holder or' otherwise ·as provided t,y .this Law. • , . 11 s • ,·.'"., ,·: · ' ' : • • • ",'.>; ,,: fc_ci~kl~;~,!~~~I~~f,~1~.~~I~f -,__-__- __·____- <- ~ -'.' _.:~: :-,: f\,)\~\,~::::~?~~-~~gtf9~::tfh\:·f,r,o~ -~ig~-lti- rn- Mto~rals~ Min~11;1ts ·?" ~~ ·surfa~ ?f the .. •. ;, ,:"::,9~l!ln<;t,,o.~(lft~~,~tj•t'P.1?!5H~~1_f;,,r~~. ~earns, ~ti,rcoQ~s-, temto~a1·.wa_te~:~11d . _ , :.- ~ntijr~nlii1-:sn.e)tof-Ube:i1a· ~te·the p'roperty of the Republic atjd. an~h1ng pertain mg to their .:,:',;:; :··J~~f~~~~g1:Q~v¥J~pmeryt:,)Ain,ng, a·nd- exp~rt ~hal_l be governed.by this law. • . • _. '. _ • ·:i.::(\:i){)\/_\i~\~;{}:[\,~,:~:/_::,\>~--\ .; ____·. ·.: ',', : ·•·-··.· .-,:.-~-----: .: . . ,: :. ';·.·. :,.,_: .· ;_•· ·-. . •·:.- ,_··.·•;..,;_,;·_.:;\\:'::'.~::;/j't•:?;:-_~::~-secncsh~2~:::,,,Mlnerahied Ara.a~; :·C_.oqs;1~t~.t't-witti -~hd•~ub~ tq Qh~p~r 10 of: •-· i __ ;:: :~ip::;,·:-tHfa::Uawi':the±.~r'fster( '• a: ·\declare-· a ' area irt .~....ich _(•ioerafs ·hays:'been d' ', cover~ to be •. . J?r1{'.;:~fu,&,(fie:~1rfid'.~liif~~d¥riay:,cif~slany unail;~t~iM1~ia1·--~igh~·th~re~'fobe7~rded '• ' ,:;;;'-::::.,.r/i,,:•• -·_.>··,/,,J,.:'·::-'Sectlo, 2.3 • . • h :of Owne. h1 ;· l1oh;l1;t_rs .of Mineral.Haghts·shall,acqu_lre :f]/t::,~t~~t)t:½if:~ff.jj~,~:\,~:~im!:_~-~~~r-a_l$:JhetJ>d!a~.b.t•·M~.nj~~:-~u~u:~~•-:to:~hit.•~aif,.·.• .• ·_·_ • •• ;>fi)')9.',A~1'.ES\3> ,AO~INISTRA1]0N OF THE-MINERALS: AND Ml_Nlt,;iG LAW . ;j;1::~:~;;;;i:!/f?:C:'.-[}i>~f,:::'.i~~~bri'~:·jj~dfn(nistra,tion: ', .Subject··.to.· --~nd···i·ri ·ke;p1n~:•.w1~-~·~•;P.·~~~i~ibns .•~f ••.• ;f#i{~/tp:~,~~~?tlii'~':;Mio,~r·,,h,tll_;\b:~t te.sptmsi,blifto:$88 that-this 1:-awi<a~d-thEfRegulatio_ris,. shaU -· . i;-\tfe :"~'.~~~:A~itlp_!~1~f.~lit,;as:;_t~t~f~l~Vf;!.Jh:~irp4r?<:?$es and promote the-·po_~cles··.seffe>rtl:i .her~in:. ~;/:,(t-!~::~)...:fr_:}<:":~:·;/:-.-:~·:>!i·:·.··: <;/ ,.-·. -: :·: :-..... /. . . . ~_.~, _)\: . \~-..~·~:- . \ . ·:·/-. :. . :.~:>>::). . .: :;·i...... ::.'::;...... ·.··/. 4 .... - : . • •• • ~ • . • • • .- • • - . •• • / -... - : • : • : • • • •• . . . •• • • . • .. ,.·,~ •·•:, >',:.··,_,. ••'.' ,_, . : .,Sectton . 3;2, Ayffio'i:jr(-.-to ln!v".estiga,t~., Jl).eM1nast~r.sh;,ill be clot.he.~ with the . ,f'.<:F;!QQiMr•tyJc,:,q,::ir.)ljµ~:s~; iny~~#gati,tiri!~s: (n~¥:'~e:·n¥~ryi ~ppropriate and iri -keeping ',' ' \?;)i:Wt~!i':th·e ta'NS:otq~eritt:.-.l~,'O.rd~r_t1t~nsiJr~t!lo.tflplia:n.~·wtth'this,Law. by.all· Persons, • · -• :g;~; )'.._'.,~:.i\}i_ ·:.-\ -~' '-: •'ri:,~(·.i;M~~l- ter .: .'. ~~~-' .i(r ·:· ;-'.:.: at~>th~-~inist~r-~~y.:der~gate a'rly_· ·_ ''• / ;~:~-'. _;p~~{f~(!r,e.tr~·~·P,~rrJ:i.in1:'~t t!1~ : . w:~':,~Pt~~in~--:~!>tf.P~t-~:h;l:a_1:t~}t@8i;al~tlp0~(-) .";-". ·: r;'.~A.;_1:j,~_r,r~.f\~~r.J1:1J~.. ,~~p,UJY_.M!_1_1l$1~"i5-.. ~~l~tan,t M.,~.1,~~~.:,t;llf.!,~~W~J,t'l.i:t,=-C?.tf:\E!tP,~~!l:!-i; .,. . _. . ;M.,:,:\· :::~t1.rnmens~rate·witfHh~1r-r:espect1ve functional re!SpQns1bil1t)es anq:-ln·,ke_eP,iriff with·· _the laws f:}}}}t~\:I~t:tl~i)<:,• ;:}i/•;~?:F::<·f,:·-:,:' ·. :, •',: i"': >/: ..•...,. :,: .'; :,:;_ ., ' :' • ;}:,;\.<~::.:';.,~~ >:>:-. -·._· .. _- ·s~·dfoa'..a.11t ·.-Establi~hment of: Mioerals,re·chnlC.11,Cgmtnlttee: th~re is . ;_: ;,:-:~}b~~_by,:~_stabllshi!!cfaJ,,1_inerala Techriical-Com·m1ttee comp()$$d of the fdtlOwll'}g: . _. ;~~:.·~~ h·~-::.S/{t'::i?.}\ {".\ .-~).... ·~ ., .~ ....· ·! •• ·.: .. : :.; .... - , . :- <· . . .. ~ S{,r:rvittt:;_-M1~,~~fot~~s,J,.Ai,ies;,~-Energy-{Ohalrmah}; (]t!.\~~~~Mlrit~trt ~f@~li~~?): .'. •• \. ;.... •. .- .. . . . .. _ ~.: ::ri/ ·, , !ll1S\_j1'..()f:Fio,an:Qe_i::,':~'- .,'. ·: : . : · : ·. • ·/ :·.:.'.Y,: .. r"lS'UJ... dfP.ll:lri,ning,_& ,f2conomic·Affairs; ;,• ,(~:\,}1:f:'tJi~J°atidqal'Jnve.sfuienfCcimml~sion• .• . . ',,::·. P:r ; '·1~'~'.i:·•1:n••1.;;.,.,., o·f.,.._ .. b;.;., ;.;...- :·.• ·:'- • · ~/- .·, ' • • · 1 t,~:1','\Y.«·~•,::tP;:,,~ ...~.:1· -~Cl.'-"'!fl_:j.'lt':' ·. • -~ . , '• ,·~ ·-~-.-J,_.-. ,,,. • ':•,,•','."., .' r :'·i, •· :· -;.J,_he[Ciutibit,'ofEconomtc·Advisots fo the; President of Liberia; .-6, .. ' '· ✓,:, •• ,·\,'• SOO~ XVd sr:ar LOOGIGt/Ot -~ 1Ull~l~UU7 15:48 FAX '4J 017 '/, •• -"·,,) ,, a.The P:res.ident of Liberia may from time to time designate su~h oth~ri::":: .• •·{i Persons not-more than thr~e (3), who shaUnot be_ c,fficials of Goveml!lenU9 serve.~~"?·:__ :~ ,member oftt\e Mlnetal T~nical Committee. - • • • . - • . ' • •. /' • :-·-':: • ,:\/\1 . - .. . , ,. -.; ·:· .· -....•. - •• - - •. . . - .• • . ·. . -_. ~ :-· . : - -.:.- ._ --_: ·.. .-: '..--_/"~r the. Committee: The Minerals Te~i}bical Comffii~:~,~.:/-:;~~~~ •II ••. •· • •. ::S~ctl~n 3:. s.:P~~-r (of .herel:>y, 81J'lf)tlW8f~dur,<l~rth~ch~irfuans~jp pf the:,M._lnister b:t :n~_otiateand cpn~u4Q;;~ :~1:;g)~;.::::~ ·_agreements'witti~'pt,ncahts rof ClassAMinhig Licen$es. • • • ' • • • -,- • • · ·_• ;:-· ·;·<?'.~J . . _ ··<:::.. -•.: :' ·::,, . • "<: • : :"'. ~ CHAPTER4.· .ELIGTBl~ITY FOR.Ml~ERAL RIGHT~·· . _ ·. . •.. ·. ••.·-.··//) II . S~ctjon 4. L Minercpl Rights R~uire_d. N9 Pe~9n.stlal1 ~nd,u~·i:x,µlpratict~;.-,,~~~;M:: Mif}ing or O~rations .except in a<iQrdan.:ce w.itn,tha ~frj~~l f\i~ht~r~vlsi~ •un9er. th~~: \: ,:{'J;:; Law. -<· . • • · · · ·::<;:/; •• §ectlo~ 4.2. -l;>~r,ons'ot~,iri~:vldAAi~ '.Ncit'"E1lgiR1a for Mineral Rights •. Tn~_:· •.. following Persons 9_rl_nc:lividy;a!s. Sha,l··h~Vbee~gi~le tobe Holder-s of Minin51 U~ns~s-~· •• •• . a. ·:. _;n in.dl~idual Who-.i~\~s~·than -~ighteen (16) years old; •• • ,;,. . . ,. , ••• 1 II ~- 'J.· ••·'. a~ ~e~ol).6r-'indivictual who has ~n ~dju99ed iniol\le~t or, t,ankri:J~l.°--.:'.X< • _:d·uring the,:prtcir seven. (7) years under.the laws~fLlf:!eria._ or_p(:any{;~:-:/:;;(\ . .- . other coLJntcy. except under a plan.of reqrganiza.tion ·ap.pr.oved; b~,,tfle / >, /J 11- • ' .. _c,(>u~;otube·na;,or of such other country and ·peririit'ted by_:tne laW5,:i_:/:·..c; • of Uberi~, and with respect to which such •Person or individual •1sjrf-. ·: .. ,,, .. • . ~ompl_iance.; .. • • • • • •• ''·· 1 _:.-,i; c. a Pe~o~' or an\ndfvidual ·who is not lawfully qualified to conduct • : .. ; ■; busin_~-~~ i1;1 th~ -~epu~lic; • -_.· 1 . ·.• . ' .• . · .•. . .• '·. ' .·.·. ..• :: ,; ;.:·:}:,'.;_:.! d. an individural .who ha$ been convicted .of a felq.hy in Liperia: o.rwtiq :,;c,_·.-.,;: i has been convictea~elseYe'here of, or bas pleaded no/o contendere to•·./:·.:, II .a crime: tl'iifefem~nt$ :of which wouid constitute~ felpny ·,n L1b~tja:;_' ·:, ·._, >) ,, ■ e. a Person whose applic.;ltlori does not~et the requirements of this ::· •• •!. ' ·Law; •• • · · · • • • • • ,·:· . ·.··:. . ' ,. , ..... II .- . f. pf .the Presiden~ of Uberia,_ the Vice President ~per:(~,-8r)'l n:ieffiberjbr: .:;/d _the Na.tio,:l~l-,Legislature. Justice~ ot the _Supr!!~f().l.lrt ~M ~.lldg,si;,:'.::<·.'•i oL subordinate courts of r~n;t._ Cabillal~in~~iJi-;·_t'-Aanliging_:,\: .i.·}:"::-:t~- ! _~irecto~ of _P:ul5lic C9rporqtio11 d~ri~ th~i'r t~nu~ it:i;c;,ffl~;:·-~~~~t/::f ';.: •• 1.n th~ event that any of the foregamg Pe_rso_ns. was. alre.af;iy a Hotderot -• ; , ) a M\neral Rlghtplior to assuming_th& Ju.nctions of the:offjce. ttiijli?uch •• : II .Person may either.dispose of ~uch Min~~l R1g1'ltor-Pl;:tce:Su~h. •• • ·• ! Milletal Rigt:ifin a am,d Trµst • • . _ • •· • • • :- i • / • · •If ;· •w., ·------·-··•·---·--- ....... '. ~ : - • ~~iil~li!!ilrll(i~t;ii~:J;~,~~1~~£1fu~\§$1l2 . •-• . ..· .· . ?;}~\t/,\\/~:{.k1,(/tf,~' ,• -· p~lb;i,c:1~~,t;·i4:1fliryQ Wcen.se·:·(1-rah lndividual Who' is· not :~ :/~:,::/.t.:'i•t!'::/;:f1:,f;:f:·~/\{iijr(ci' ... i;q(~it:tEin,athr cir~: f',erson ~Elt is l~ally o~· 'beneficl~l!y , • ;;-it:"; tf. '/ 6 i:.:~:- '}f~;,}-:t:i~~n~eg}mQ::~ntrc;,ll~· ent\rely- by' iridiv.idtfa_is· Who· •r~ ·nor c\tit~t'~s of- ·_ :ii: <1t}-fJ:·i~tI?\:_:t::.}};~o/~:~~\:'/i ,·:· --. :_. _--_ • ·_:_ -.• -· - - " --__ •. -_ _..• .'.: •• -· ·/:::/'·":\ ~;~-:./::_' •~:. ).\ '. • \ :wf$.resP~ to a Cras~. B ~ining _License~ ( 1). an lndlvid1,1a1 ~o is_ not .. i:· ·,<),~;:\·-' :/ ·, ., •. } >: t1i'.:eitizelj- of Lib·ena un_fesa legally permitted· •to be a· re&ldent ofLiberia ,• 4 : ,:::, :~}::Jsf'::2r~:J ef;?:l;.-.i{i}Y?',ofoioisjek, ~ployment itf ·Liberlafor: (2-): a: Persor:i: otfrer than• an,.. • i\1if;~W~f)j,l/:~fi0;:~f~!~11;;~~:t~d~tt~,r~~1ft~;,i:J:~di~ ,._,.\ /·:'.'."'"\<· :;c::-·,, ;_·.-: ·•,:._:: .;~1:1.l#l;F.>er'Son or are ent,ttled tc> recew:~-Sf l~~st $1XW p~re:ent (6() ¼) of ,v:::1. ,pp1:1qi#(b'.tW6Y'.:!i'h\Ellgibte·AppUcatil:for'i(i'iy: Mlneral·Rtg ht:'thafconforn'is, to:·the •. • •,•,_ . .••. {'."J1i~µf~~-r.i~:¥i(:f~r:trifh1;th~:;t.a'#r:or: liftl;l~ f,tegpl~tic,ns; .-,hail \jrahf:: sue.p P~rso-h a· • • • • :.:n: \('~f.t~~,~~~~jtj~.t)csn¥';fpt~!¥•r-~~t ~.jtieQ for. su~~·tr;, th~. foUowlngJirms. 13.nd }};'~i::)~:'.?:s::'./\ ·t.;;\r' ·,, ·:}?-·);_:,t :i: ( ·": '·'..i;"J(: _.· ·. : :·:. :· .• , • • : "( •; \!{ ( i~. that thl ffla• ihall-no131ie~~t~!!~ to ~ ••lkl Mlne«1I Right• . •··•:,:'•' ,', ·: ;:;';.) :;;\{:·\,';: •;/c;i;,, , . ,.t~t~if:Holder:of aRec6nnaiuance License shall not engage.in - ~ , ;.. : - _ , • . , . _ . . _ ·ldnllinl(for:sirlkir,g of .pits· . · • • ,,._ - · , : : ·.. .,~- i'. '." - •. _. · •- -· · ::.:\\);~·. :':•;\}l)~)'.i;-';,\/:P\•:;t:\~::\;,_.~-.. ;:···_ ::--~:·:: ·_:_:· ! ' . . . : • ·.- •, .·.' •• • • . . . • ·. F-~: • ·:.":?>,,f.[-' .:',_·::.,·~: •e;' } •• ::ilffafi:i~o'.·p0r.h~Jeti•ortof.the ·Recorinaissan'ce" of tl)e ··area. granted. the r.c~\: ~ :~/{,_-; i}·,,.·f'· :,._:--,,,' .' 'HoJct'edfraY,-:;.ppJy'fo(ari'f;xploratlon'_Ucerisa-with~respect·tO a_ll or •.•. .-, ~ ~::..:~. ·-f~::.:~ R.Jr' .--~. - ., • • . . ·.: ·,:;,.,;J :··1,>:,; ::·•<';,1/:i.:"-: ~<\:.-·:~ :./ -> P<>• uun. 9. _'.!11#:. _i;;~n_r1a1~an~ ·are-a ~.o gran~; .. • • - • • ....... \ \~ ,, : , . . . . f ~.. • .. • l/{>:>,?J\;-;;?\>,/_·:_\_,._·,_.:,\.,:_._.'/;._:>-. _-._._ ·._· . . ,_ _-.:,.;i._:.··:·\:-,.···\•·.:. .- --.---·- -:· i_::,; /::•'-1_~_. "~/-f·<~ ~;k -~ .:/>}mtit·th.$;Minlster'sh'iiil·irai'it;ahd ,-twarc:i~tb~ Expl6ration· License . ·-----·-·---· ·---···-···" 600~ YV,,-J fll,: RT I 007 /7T /OT 1011212007 15:48 FAX ! . . ·. . ; . . . . ;< requJre~ots, o_t tbi~ Law aAd· lhe Regulations' incl!,!ding_tJ;i~)~~ymehft.:::::. :J;':,,,t i;:crIJ}'.Lt<:-1I .. , _ ofall"~ele.vantfees;. • , :·. • • • • . . • •·•.'. \f'\tf};~;]i/,__ }J/.'\:. J:~\ , I 0 ·. ~- 0 : • ·, th~t_tJu{E~Jo r~ti9h·Lleenseso grantedshail be in4;0i)~'1f\lty;~ih{}\g;/{1i;.}Jij . ·• • : .·'>: .r{, ,· p.;p~tlcan~~iREfcorloais'sai:me• Jl'ports,. fiodi119~ an0:p~f,n$jJ~cfWJ-t~!/. ::{;1t:!fi:Y k<\ .- . •\~:·,::·,;:~?·:·;,::~~Jti1i:'~r:<~/;<·:·::•;,_• .. :·: < ,, ..... _,: •: ·•·· ·::.::?;/,};t;:~~(:.t:\\:{f:1-:((f\~ !" - h.· l!l.tt the "1l~erals folm? the course of a Reco~nais.sao~:~~~ei-~-i~;~-/~·.\.:{i.\. -~ , • ri,ay:be disposed of subJect only .to the decfaraQon of sucfi1Mf0er:aJi/"::!~~- _,·,, 1, l ..,.=;· 1 . · fi-m dSO ·t ·,:t" · .u· 1· t 11e,.. 11nser; · ,. . .••, , : . • • • • .• • ·' '.'.'' ,;:: '\·-• ,:,: ,:,.· h, :; ,i' ··::: ,,,~;.,;'):L1;,.·;'. .. •,.,, .. ,,·i ·" • :·_'.:'.'' ·<,,-·' •. - • -. 1 ' ·_1 ' · , , ; , · .~. . .. . - ,~-~:'. :::.' •.~('{:;~~~::\.:~:{J.~:~f~·-::~·1,: . 1 .., L :, ::.,_· tha(:thelMin'i~ier ~hall grant.~nd 1S$Ue a .Reconnaiss,lij~iili:i~~.)brj;.:/,•-:7;': :!/\'; " II I , . :!1·~~-~um,;~n-~·.of.slx {6).rt)OJ)ths, rene~ble:onca . .••-. .{S) rno~ths .. prp~1de_d ~at the. Holder shall ha"'.e rnet all· of tl\!?. :-::;,,•;•.\;//:;(-~ i:c/~~Y-;,--:.> ;,.; _. ;,.; ---..~1.·\~•- ·o.ti!IQ°ati,ohs/urider: this Law anc;f. the Reg~lations. >:_:'.•<.~·"<j:/~:~·:>.>:•,,>. ~:'.~<, ....; :.:,... , • :.: .::..:?.~.':::\i\1.(:,~~:-,_-·~:.'\...-~-. ' ' . >,- S~o~ S:2. ··Pto~ciinri li~Mse, • A Pers.on who is an Eli9ib_!e:Aefp1.~n(f~r;:,::,~::X a Cl~ss 8 fv1ii1jngJ;:!~ll~ ova,:c1ass c; Mining License may apply .fo~ 1fProspt,etjrigt{: ,/'\' ;,'/ - -., "·.°. ·Ucens.~o\fer1;~n:area'~e>o:e·'s'~cifi~dlnthia.app!ication.·TheJ~'1ini~t~rahall.g,r.anfft\ij}i:/:,:L··",:1' ..:•:;. -,;J•:· ,_•-_·.~: ,···: -;-:· > '.:.'· • .-.. --~..... :' :• fo(;i~~~f!Jt\~ft~f/:i.'-/· ··:._,:'.·_::··':·,,,//\·'.._~"./:-•~·'.IC'.~·.::.-,._~•-.~;.'.:,_;• ·::L Pr-;,spectlng Llc11ns-e to s~·c~_E!ig_ible Appli91nt(s)if th~,~ppllcation co.nfofT!lS:to.,t,ne.~}?-:/:;'.';~ .• :/ .·; •. : I requii~men~,s~tJorth·in·~i'i l,aW.··orln the Regulations, subject~ thefollo~ng.teflT$i~~d\: ,\·i,i'{;: : cond_itions::.: / . ._:,·.:·:· . .• .. . • .- . _'-:_.:·~::y}\<::\'./i> I - . a,;, . • .. • ·, tt,~(:the.a~ea shall .not already be sup)eC! to a vatiQMin~ral R.i!)oe".,. /:\: :·. : '. i':.:': granted to anCJth&r Person·- _; > .· .: • , • I •, ' t· • • .·. • • • • ·· • ' • , • :.· • · •• >'; · · /." .•• '··, . • , "<· • • ' •·' •'•'I • • ·,.~ ,. ·- : :. • '' thit tp~.~ ~115!~- granted under·this Prospecting_ Li,cen5t:!. shall. not./, : , ,·. ;:.· ::.. I • b, 'I. ~: .• '·:"·; ··_,exc~.e~i:ii~ij:e,hundred'(100.}:acres; .· •. . • - ,.'. .,' · • _ - •,:;:.(( :- :. ' • 1· • •• . • • · . . • ~. .; • •. • • ' - • •••• '. . : }": •• I • •.- • t, ' ' tha'r the Holder of the prospecting license $hell have the exclu~jv~•:. ,',; ':. :., '.'. / ... , ·.• • -_: ;:.~ ·:rl@t:d.tJrlng:{tsterm fo cond~ctPros.pecijng ovacJhegranJ~d are~·-aQ'd?;~_:t.t' :,;· •.·. , , .·.·.·to-apply: f9r:~ :Class':a or,Cl~ss C Mining~Ll~n.si3i Witha respe~(f?·a'oY:i~\'/\.'>?· \:: I ·:· .-:. _·partof.th,l:(granted area; :.·,:·. ·~- ·.~-~;~~- • ~ •• •• • ' •• • ' :- • ••• • • - . ,,:.:'.',,.j:~.~--.;· .. ',.' ,.,d ..•_· - that the Holder shall fit~ and.submit to·the Minister a.proposed work .:·.-1 . : '· I ,.,_:-.,, p1~n'for:prosre,ct111g,. • . .·- .• ,_· .. • ~ ' I ·e: . . thatth~ Minist..-. upon-receipt of1he Prospecting Plan and _applieq~qn,. shail grant to the t:iolder tha Prosp~lng l..lcer'\$e, : . " . . •• ,- :prQvld~Jhat saidftolder shall have paid all relevant fees and met all ·., · I . requirem~rits in compliance with this law and the Rogulatlo-ns; I•• ·-•• .•·'' . ·:,~ . '.' ~ .,, • , • , f. that th~- Prosp~ctiog License grajlted· herein to prospect shall n9t be I · •lnterp~~- as:the right,tc conduct comrneroiat mining:·· Howe,vefj a _,'.; .... ,_ Holdefof a 'Prospecting License shall have the rlghtto dispos~ o( · • ·_.,'.· ,. I ,. 9 I I 11 f. -- :. . ,::.tit):t":ftf j~ft\ ,•. < .. ·.·. · ·1 .• ' .:'./··, :.-_.;- :.': :,-'. :·' ··: -'. ·Minera1~·1extr;fct'ed: rn:the course of Prospecting subject.only to --:r:. >'i·'· l -< .'.': .. : ,-; . ;· '. .... :_: ,:':: ::::·. dttOlaratioih:>fsuch Mineral finds lo the.Minister, • •• ' / ''.:.. •, ,: . \' '~;: •.~,~;• ..>_,::,:~~_-,:.~>:·; .:"."~, ~ -;,, .,'/: :{.~.,. /,'~ :, ,.·.>:::·: .. .,:, • ~ ,' , .. •~ •. :.~>···~>-: ~: ;- ,;: <: ·,l/\;,,,::·-:{;i~/g;,.\/;~:ihfi~:t,tiijr_f.f!~-~ter: ( ,. -: ' •• ',... ,~::aotttQiized ,to..gn.nt:ttf~e ·Holder-~.. Prospa~nQ, .. . , . , trr·, ,,._,!t ., •.,..,_ .. ,'>;.~1' I ~,•• ,~ 1b;: '· ·-' ·t-cA~' •• , ~ • :.1l.l f I '"6) ~~ ''Ji ·~i·bl ., . . . ' ~. fr. ,.;.+l,,.·.., • '·· ,, ,, ~' • > ~ , . ; ',,..,_.;,~;.:,·.,:.-/':.,•:r\-;'il'',;,:•'.:i~f:.ti.~i;i,,&:;,_f!J ·~~~r:l-~-llJ... 5. X-r\' •,U!','l•~•S, re, ewa · ' 0 ~ ,~t.a,.,u_, U!Clr • :','~ ;,,:·. ] ?-. ::: .;;,::;:: 'l !.f:.)•,':f:i;.~t~\:-\'.:••if~et.'°' 1~t~~;(6_t"mon\11s' pf:ovt.ded)h.!t the ,HQlder meet,a.:its. obllg atiqiis .• • • :_ ::::~ ·~ _'. : , ~.-·. • -·:,.·,;.(·-,,c,-,,·:'.·.,1,;,,",'·0:Under-th1$Lawandthec-Reg1,1lat10ns, . . •. _· • · •..... t:·; /:~..-.-.•~ <,;qf;,,(i-;:,f::.~Aff~?:::,.:y.\::.,.:;,~~ ·:: · : •· •·· : ·>...-. • ·!. • •• · . · • . . . : . ;_ ·: _. • .... .. •• •• . • -; ,.~,---~ ·:.. ; ·.: , .:·,..:;_'·.;·~_.:,)'-~. -~.. ~'::.<'~·..::C:~i6n•S'4tf1·•Effilor;.pon:J}.i~. ,The, Minister·;· upp~ r~ipf.of ~n •· : --. ,. '·. ~: ·• : :_.,_•.,,.,;apf,liea®,o,:frotft•~~t~e~q..W"1!l is ~n Eligibfe .Al)pli~nt for, a·.-~la" A Mi'nh:1g:,Li90nse ~s . -.~ '.'/: : :! ,-:;,--;~_'f:if;\<f~!9~1.~:gf~!~J(1i:~~~~~fil~i9f ~i,'!•:½~f1J~l:t$1~ 9r,Q.(,u9h.Pe~a~: an,:E)cplpr.~ti~n·•L!?l"ls~: for ,:::\,::./~~t . . ; k_:.~~;;j,\•~~e:ta~~~~p'pU~:Mtf9r,Jl>:r.oy.)(!~d:~~,;m1r1~ralrf,9Ns:N1~~J)O.t.be1ng:·gHll)t~ to;ar,i.other.person:··· ·,.·· . :·:,.)?;1! t:•,t?'~T~~~:1,~1~;r,d7,•1'~:,anH7~di~';';, : • •.: '. ·••·• •.· • • ·•.•.·•.• · ·,.· . .·• •. .. . •·., • <fi:1~;-~ :( :.. ,-:. ::.' '_ ··:- •.·.,- .<. :/' ·a•:>;. }hat tht~! ~ea $hthall npot al~MdY !:le· subject~ a valid Mineral Right . ,• .,\: c.·..•.. _... , ... ·,·.·\,-.:···.•·•,"~•-i1tan'-""~vano er erson.· :,·: .. , .... , , ._.:,' .' ;,. ::~,·,;,~;·f. ..-",· . .~ ,.,l'.·t,:-1 ,\·:.,;,. ,~:.:· .. ~ •. ;,-··~ , •• ·, .;., -r, -· .• ~'-·'° .,; ,· ':._.. : . . • • : , .. ~- '// <):'.·::· :_ /) .~-\'~··r},;~·.t}i::thst\Gov~rri~nt afi4 -~$. Eligible ~pUcarit,sM.11,;iia~·,ec;;~~u4ed' 'a'n ,. • r,:;::·:·_:: ,·, ..,:·._:- • . •,. f~- ._:., ·:· ',i~~t.th~;lnWal-,t~;~:-.~~;~ ·~1~~~u~~:;i:1te~;~·-;~.ti~l~•,be ~"~ mo~ .than' f_'...-~;·._·:·.:·.'\- :... • ., ~ . ,· . . : .tnree (3) Y.~"-~nd·1tn,ay~_eqn,~~Jtifa ~jngle-two. (i}:year term <;1, ! :. /;;;;,/:.;-. \ ;:. -:.. ~ ,_;_, \.: ,.· .•• -,t.;::;,:·-.~p~ri ~h~·wrttie~ :B:P:t>,!l~!i~fl. of a• :!i9lde~.W:\i.a.· ·r~~-~fi?lfil!i)~: it~ _work an~ • lI';':>'•• ,,',rlr>r-:._.'.::~- "' ; ..,,., • .!-',,<· ·.•. -•:·._.1: ·:_.expeo~:hb.:tre·ol:1hg~U9r.is..und~r. the proposed expioraffon· pr~gtam an~ ' • ; '·~- "" •. '·' • ;,,lt~.,;.i ••~ th" . Law d th R J ti ' . •.__.L;_\ i):.;1:;-:.::': -~;,,:·'.:: :: .. •·. > ;_, z.;i~'".'~l-l•erwt~com~RN-".V''."' _,a. . an e- egua or.1s: . . • . .•.' i:\,:,/~11,~1~(:-:·..~,~;.::.~~:•.:·'{~'\.,;··;·-,~-;:~... ,r::;.,:.\, ;~.t_:·~<L•:,~--~J•·:.'~:. -~ ~--.:·.... ~-· .. ,1 .•.,. ·.: •.• •• --r: ·.. . • ·... \\-,\3:,~. :;,,i//,\·,:':-:~/ ~?: ·: -~_:, l·~·.';~t ()f~fd~~M,ha ~.k?,,,a1Jon,Uce.:n~ H~lder,de>.f:S. not choose _t9 k~ep :)';~/'~ . f~?:'i?f:;:\ '. .:. ::· :•;, .i):_ ::_:!ll~J)rt~iP.!'rti9.~'Qf•_tfie:~~•- h_e':h~ ~Jo.red. f!]r~~m,l,:ig p_OJl)?f~S,. ~e t\~.f·:·.:;}:}tt) i\:l-::.,.·/ \ • ;,; •.~r~r~on,.;.U~~-~.:.~~~u· •~~o!""!uth~nMy.- ~~~~t•t ~e}:?.L':.:?J its :, :,,. \:, ' ~; t'• .,,.. ',,·•.'_':·).:·'•- \.'/ ,·,;r. .. i:n;i, -r.Un e.:,a,,.wr Q""1W,~use. an'+' e 1m.,....r ,QU,l~H'Wl~~haw, ..... ~.,4-... a LU ?-· \:?;~:-:·.\'\;\:; :·t·~-\~(··~:,,; r : ·d'!ff~ent schedult;.1n.ke.,P.ing•'M.tt:{5i:3:(f)~-lt1e{.-.. •-~- .: . •. ·: ,. .• .. ' .: ~ v , .... .,., -'-VV I .l.V • L.f I t"t\A 141015 •• -- I I I I ,_ I ■: I· I ■ •- ■ ,,_ -' ' _ that-wh~r• marginal Oeptislt$ are discover~ Within an Exptoratiot(: . : i; - .• Area bi.It Exploitation th~roof must be postp<;,ned·, the Minister, upoii -. ,: - app(jcation by the Operator and upon recommeodatJon- of tf'le : • _.- •: _ . - -. 1 • Departtnantof Mines, shall grant the ap,pHcaticSn for,po:Stp'onement:6f.-:- : ~· : : 'I Explo~tlon for -reasonal;lle period -un~I eci?nomic an<i teohoologr~I_: •-·_:·-: -·.• 1 condmons prove more favorabt.e fQr the Development of suet,. . - : •• / 1 11- •marginal. D~postts. - -- , • - • . ·, 1. ·_;, ..... '. 11. .'·.·. -~- - II , •. ,1 •'·' ,\. ;~:-i:2s:(1:{-;};\:::::: ·< .i:·•.rii_:<. . ,.. , .·, _. __ . .1 . . ·:' .. .. . /.,; __• ",s. -: : (/, ;,;-:,.>: :,,~\>~,.:: i-"<ih~t:~~·(;h~·a_r'.iq~~yt@r.bo!d~r· ,qt ai:, . E;ploratlon::Liceh$e ,shall have the 1,, "T', '. • '"' _,,.,,._.- i·, ••• , ~iit'"'l't-· -;,;j- •• ·\jc •• f. -1L' • , ·•..,.,· ··;,..,J.·,. - " d I • t". ,.. , .f ~_.'.'ry / '· • /.,.\.i./t}". ,'.), ;.>/?' 1t'~'!'., ._:, P'·,~•~P~~!.,?/a: f'J!ll~.~r"'. ~-~~,ac.L.~ ·}'\ ,-ie course o s1:1ct1 . !·,~_//. ·_{: -:-':· :.1<',-.~)./~:,.,:/'i:· "'1.~~~.~~bf914er~ ~0":tt$$in·-ittt1vlfy .and, ijSSays. s1,1b~ only lo·th e . i:"t1:<,e'f.\·':::.-:~~:~;·:,;t":'~':~•;:::-.1~\ftlecjirF:ilti~it,:cif:sut;tf M1netaf·fiqdi{ to thR·Minis'fry·: ·, ·, C/~~':,:-,l~~~~:~l;?tt;},:~t/'i~t)::,/·~t? ?"-')\;><::)i.:~~-.-· ·.'::·t··, .·_:-<'::· _. ~_ ,-.·;_:: _.'/_ -} .: ., . , ..- :_,_·: · , •. '.. ,-,;,'::;..., ~-~I;:, :.;:;?if:\:.;.' ''.flt~~r::·:ihat:fu'e:ixnl~hiti~q.~~a ''f1' . ' tlfaJl"be. contigu~s an~ shaU not',exceed . : • 1~ • i~:t;,{f::,; ~ ~~ ~ J1·.:",/~}}'::;;;:/</~:·,~~;:;;-;·,9~~}J'!9':1~·a.orJ.,\: ',QqQJ 1:qu_a·re )dJometers. : .• ;_ I; I " )'l ._,. tl' ~" r~l,t;,. ",~,.1•f~ ~·"'I.., 1 " '' ~. ,:,,, I• ' • - • • ~<~>~,J,1~'f\,'i"~~-'•{\\::;::,~;:;;{\•'::,_\t•:i~l~\~~;,\,.j~:-'tl,,;. '~•.•~, I:-,, ••;, , • •,, • ••• • • •. •• '' • . , (/~-;r> / ~,::;'l};t, \ ~- ,i~{/,:, •~tti~f:tt:i.t;Holg_~,. •h~!' :'ha've'. tfle ri~bt ~ add ,t9 ,~· Sxploration Area any ;,:IJ,,tY •·:,~. ,i ·.,·•;:::·>.:; :~ ·..,,:. :·"t· ,uneneimibs".9d,at~a1;· that'have-g~ologica~ r~ationsbip to .adjoining 1;};.·;t-\,}?iNt1r"::~-t,.{.1/.;:;.:;.;i/:,;1:,-:e.~lotJtlori-:tir.·;producik,1':l-Area$..: .This addltfonal :'1rea ·shall not··... • .. · f Ifllf)/li\l l ~jit?:;::~f:,::;]J:::::ra;:~;:1:~te4:i ~>J'<=~io"··•ffon: !ii1iti••:~f ··tirsuanf.to:21Jice.n ··e<·· .ovid~tor-ln.thisdiiiptar·• or as·ina •• 1 ~~;tl1j,j~lffl;t;&V:?~;~•t¥~ta;; , . ~~ • • •••• • • • •• y ,'t!'fr/C~A.8l~R'.6~\!'-1lfi~iRIGHT'TO OPERATE ~1NE$/·:· ··.• · .. , .... ··.·.. ·. · . . . . · ·. .• .• :~~·;.:~.<<',~·~·-,·:;,} ;: . .:. ;,· ~~tior;"_s:;,3; ~IQss 9l~jnin_g Lieer-ise ~ Ai)Y. P$i'.80n- ~-a is an Eliglbte.. n~:-::')~F?Pl!~f.l~'f<;ip1.:Cla55. C·-M1nfng·L1cens~ ma,y apply-for, and the Mrn1sfer st)all grant, a. t\/;:.\-~l~~\,9,1.:lil~,!~~{.½~~n~; ~ve,r,a_. Pr~QctiQ.n·_-A,:ea· "~t._s.~~j~ .Mlm~ral Right·gr~nted .~o-_a ;,·· -~:{. '.-~:~n."1!itf:.i;,d:~erso,n~~$ti,bJee.t to,jbtt-followfng..te-m:is. 8A'd ·~ond1tions: · . .• ·• • ~·'.:1.._;·--c,t.·.t:'.\',~ >.':i'•~·. )/ ;: .,;/·:_.-.... :i,'. < ;-: · •:.-_·, ~· ...;:',· - .-·:-.. ,_-: . ,' <-~--;, .. ,., .• .-: ··:. '. :_ • • : • ; .• . !{r.-: '}":_':':tit):.· \\'. :._\ :a·.. :.;." :: :- Jn'af· th~ !:illld~rr o~ -~fol~$~ .C M.11:-.;ln•g. LI~ri.$$. ~b~U.: have :the exclusive l-:: ,\-\"(f. :(,:. . · ;\:.~ /:i }r.:. .'-, :l'lg_ht.:t~}vtih~;in .tt\~'."PrdoVetlor(A(wrco9ere'.d,~y U:,~.Mil\ing,Li~nse. :: .',,,;;',',r','•'-·,i_~~,.~.\~.~'.,.-,t 1 •J~1,~·~.:1_'··~, •. ',".:·..,-·1,~/ ~ '· :·-~ tr' '.': _.•· , : , : 1, \,.;,_~1.,·.•.',,t~,.-.,-.->_.::", ,,: ·, • • ' r r ·_.; /.'·,:::i-:.i-{}] ~-. \' t:- ~f\f\' 'th~ttt;tel~riti·.ola'_·c.1~ss·:~-'Mfnl~9:.Ll~n~~:~h9;1n:1~ for (,)l:'e,(1 )'yeltr, • , ''.>'.;i-: •~--~ /if,.t. ;~1 ;,;.,-· t :_ ':j-.,.f,,':, ·re.r:iewabl1 fo(fiirthe-r tef'.rns.·qf_~he yea(eaoh-.1f the· Hold~r ~tnn~t .• • };:.·,~·,U/tfr;~;;,::_.:.,;'•;;·tt:~..": ·-.-ait ,of'.itsJ>qlig_~~-O(l.,: und~H:hi_$:L.aw·ahd~tti~ ~eg~latiom,, and'js-in :. • ·: !/:. i?_:,~J:i-'.:~1:c'.' \,\'.\'.,:t ',:/_· .:·. complian~ 'with. ..th~,p,rovi$ion• Of.the M_ln,n:g y_~ense. . .• • ,J ,•;. ! • I ..I~ •\ ~:•.,!-: •1~• .,' '' • •:: '• j ; • • • • • ; • I', • I • : • • • • , • ~< • ' ! • '• • • '• • • • •• ~• • • :,:,\"-';-~_~·;:-:;·:,,:· .\.:~. ,lli13.(tf\e..~.iie Qf th~f Production Area cowred by a ·Class C Mltling ·., ·:.c:'_.: .• • ....· t:'·)t;:~:;- ;-'.<~r{::;-:.-::\ '-.f,; ;~ L!~nstsh~II be rtqimor-e··than tweoty~five (2$lacres. '· ·:. • ~-,_o:;_-......~.r::··:-;;:·-~-:'.f>~:.'..;~·,;":>:·:_,:,::,;•_;_·~i::··:/· ·:··'~ -~·:.,.,: . . ·:.: -:, .• . . •. • • .--_.,:-:-\ .' ·>:·· :.. •· •. •-'. -./ : . . \ ,:':·, >:. : . 'd;·. •,·, :' •·th~p:,~.Person may· hbld .up to fout-14) Cfa$,S C Mimrig Ui:enses at •. • TTn Im XVd os:aJ LOOZ/Zl/Ol @014 ~· • •• . ' : : • · •..... , 1·. · ( . . :, .• ·t·;·, \ tfj~lti~ld~·rs·of 8Ta~~·.c M.iningUcenses·~y.:uponnoti~;;tc{~~d: : )::·;\; . •\wifu. tfie,:approya(ot the Mioiste(, cooductMil:dng ·qn ~ cooper:3~~ " •· • <'::'~ · . _ . ':ba$iS:.iniordei)o:sh~re :costs and s.hall not thereby be de;e)'iledJt,'· >.:· ~;;-: \ .•.• • , ·consti~:a"single'enterptise so long as the u&pa~'ideh~w.P·. :' Y.:.(?\t1 . ..... :·:r> ~·~~h H~~de~:}: ~~l[l~~-i~e~: .•. • • ·. • . •• .. · . . ·: •. : .:1\:·\/) : 11 ·, > / • .• '~ • •. thal:the;tfQlder.of a: CIJ;1ss C>Minlng LicellS(I shal~ cond1.:1et Ml~ir;ig •~ >/..,·': ·. :> :· ' •• .• '/: ~redo,:ninantty;<1a;~i$ffl3ll..Scala O~f~tion; ·and the Mintster.,m,ay;; //: \r ·.: ·p1Jr$uantto'th)s-t.a\Y and Regul~ubns,·pen_a~~-anyHolderof~:. ,. <>:,/ ·i<;,l~~:;C::~l~li~e that is notpredo".liria~.tl~\eng~~ i~.a-~mall:9c~!e'?}~~,~ .• Oper,atfql'k'·,·,· .... , , <.t:'.'. .:g•.<.. \ •.•• 'thaittie MiniwlshaU pr~ll)U)ga\Et. Re,gu}~tll)n~gov~ming'. th~~u-~w:}iI) · +, . · .. · ;.·,..bJ)~lriing:CClairos.of Holder~:ofJ!,lass_C)\'1initjg .tiC6:i'l~Js;··'.. ·./. , ~-:·-'· ' ~ , ., i, •. ,. • . , • • r • ·,.·ttt1 ,'_ ,~,.,.. :_,:,__ : ; ; , .·. , . ; ' .• ;Se'1fQn 13:4:, .Cla~s·BMining l,icetise< Any Pel$0n'lthpla.an EliQi,ble ' .... '/('':) •AP.P!lcarltWfJfCla~ kl MJryiryg ~icens.e may apply for a ClaS$ B,Mtriln9)..J~n~ ovEi~ .a'n, -;;; • .. 'j • area·.notsup~:to1.aK,i,1neral·-R1ght granted to aoother ~e.~ol'l; onJl"_\e same terms an~ .0:,: :<.":;·; con~lti'an~ Js::a° Cfas.s :c t.;1ining 1Jcense :with. tt)e folloWing &x£!iptlonsr and tµbjeet ·to th~ •~/;: \'. • •. toltQWing•fu.rttlef teidlJ, and conditions:. • • • •• • - • · ·' : ··: •• , ':;·/ /:• ~: ;\·: .. ·,•·: :' . . ; .· . . . ~ ..'. ,'.'.., ·• • • . . . . • : -: . :•· ' -<a: : •. . th~tthe..iajtfai .term oh~ Cla~s a· Mining Ucense:shalfbe five (5)Jeara/ i<•· . .. . . ,' :'·> .,. ·. . ' ,....·· af:'C:tany ret1ewaJ~ thereof shall be to(re>t lli?reJhtin five csryears: ·,. ;:; •. ·:,· : :: ·, ea~h; . : •• ·.•.·· -.., ' . ~· .· :: ' b; • • tt\•t tbe! H9lder of a Cl~ss 8 Mining Ucen~ 'may conduct Mlnlng.•·if ,, ' 0 • • • ,a·n lndustri&~ Op~ration; . • • ·. :· :,, •. ; ! c. '. •: t~aiu~:~-/~;~i1~):Hgld$~$ Qf Class 8:Min~ng;Li~nsesm~~,/~~~ri;/, . ) ..• • no~l:ce to -~e Minl$ter-,J(){Jn. a Copperattve l(? ~n.g~~ MJtling• hl cit~ei\ •..:~,: i tp ,Mare C<>s~ cif: equ}pm!n1. orJnfr~$~~c.tu~tt a_nd ~hall n_9ttl~~rtt~~)f9§/ ,)! 1 deem~d]9' CCln&till.Jte ~. single enterpnse .so long .as the.:s.e:i:>aratEf." • . •·. ··,, identity of.eacfi.-t;!9ld~fis ~infal~ed;' ,. : • •• • • •,·. ·.: • ·/ .. ''. ~ t;I. that a Holder of a Class B Miriing.Ucense· shal)subiTi~t El J)i'~µdlbri.•. :•.· :: plan -to. the Ministry prior t9· c~mm!)nclng ~~nJ~_;J~?iff ~~~~~~%{~5i' :· - each.caJ.en. . d,ry~r ~h·e·r~,~.e.r) ao~'~e. ·M....in•~tli.r.··.•·Jna.··t.~~~1~~.;~¥1.V~.:r.tf:.•.F·.•~: Hotder to amend the:produ.ctioo plal:) ln:ant."'1lnr\f!! ne~~~~~)}, •• ·, that l_t cohfom,is to _the-standar~e seff~l'th he~in/)1.htFU.l~:~lhe'f_;:;.;/~tirL· i.'; ·rijqwre,ll'.lents 9t-.th1a. Law. • .: · ;-. \c'•.~ ••• ' • ' • / ( .·.-. . . _. ,· • ~. 1· ~-· : . ...'. . • •• )3 ·- ------- . -·· . . ... ·, . .. , ... ' .., . ' _, ' YVil IS: RT L007./7.T /OT I'°. .,, :: I.;•_;::- '1 ""1'.~ • • . f •. ! • 11·. , .. I_ • :: .• •~-e~~iii~-6~~:-M)neraf·Oev~l9p~e~{Agr~ernent. As set forth in -~~c~iOn$.5.3 and .. ~.5. tjrthJ_~·:.~~Wi/~~-:,9!i§i~J••A:pp~ica.nt~sbr11 ,~;Ay~- i::~r)~Oded ~ a~ M.i?era·1 ·oevei'~~~en~. : ;:_, : ; ' • I· .~re,~~D!,'pr~9,.~,r,,,~§'t~.~~~~::9oy~_n;,~i;1~ J~ .~r'P6f to ~tv~~ithe~~.ll1,fs);Pl<3~!~9~\ ·--~ •_ -UcenseJ>r:a~1~~i.tt!1.M7,:iin~··L1~n~;,_TJI~ .~trqWY,19: ter.ms $1li:W·!J>PIY., ~ ,tfle:- t-11ner~tY - • ••• I oev~!!~i,~1?Jf •• •• i~Joe~nf~~~shall·~~e:aooh;~~9;n\ ". : "_·-{<( _:; .. tha~e~ubj{c·fl~rsua~ftcfli'~nns:whe~;·(1).signed.byilie M,l~ister·of •. I ••. ••.: " • ~r\i:ls-;:;,Mlnes- &:,En~r;gy~ ..~--M,nlster .o{'Flnance and_the-Chairman'~f • --. • , :tha,N~lionaLlnvestmt»:r:tf:c;;orru:nissi,on, .or by their.successors in office . ; . •• . .· :::,:,•. :->·~r.¥iicrlofr,ot,·~rfof:-~J9r~o!~9;J2}att~t~ topy·.ttle Ministet9f>. •.. •·· \ _•. 1: • .•;: _;.,:\ ~.. tJU§ti~Pf-.b~ hJS'Pt h_er ~':'9~~c 1n offi.pe or-function; and (3,) • l· . . . <::·}/}.·.::r~itt?1/~tt~?r;7~~9~?t:t>~ ~l~ria•. :·_·._••·_. _·_ •.•••••• ·• •• , .• .· I _.·'. ->~ ·.b/);:•\~~~~cp~t may~~r~.t~. anJtb~~qu~by;'.~errris:~ffr.)!l~in ~e .. _. • . • •·, ·/' -'- .·' .. -' _a~.r:~•m~llt rel~qngJ(? any m.~tters:teft to the d1screlior.ary authority of·_ •· . , :,-- >:.-. ·",th.e Mfn~stt;r, in~Lu9ih~; matters th·at are, or ~ould be·, a subject ofthe . I :,: ,., :::,- :;(,( ( :, ::~~-~1~,~i~n5:r • ••••• ,. , .• •. __ : ·. ·. ' • ___ • _ __ .· 1· 11· . . . . '· . • : ·: i ~-'· '~/Q_o\ie~tnentfoay agfe'(!.lO~nd bebou~d tfterrns,that set forth ciRd. ,,, :· . ;'/JiX'th6 ~scaj ap~ tax _pl:)lig'ati~ns ·of'the,ottier·patty, but-for, no· period ••. • · ? '• • -:-. toiig:erlfian·,'twe'nty~five.. (25}: y·f)ars. _and:.subjf:lqt to pe_riodrc review of . ·, _.U)Q~e~term,s ·eveey_fiv.&·(~fy~ars;!J'l' order, to consider any modifications I .: . _ : <· ·;, ; ;ot;t~~~~~trns th~~AueJ9_~u~otia1 cn~n9ea in :circumsfa.n.~ •• - '.. ,.__ -.,. ~\JnOgitne pr,~d_tng ~e. (5} _years,-._the_parties agr~·arewarranted ; .. : . and. • • 1· . :··-_.:-'·'~:::_ ...:_ ••.. •!.-.:,-:>"\.;. . . ··::. '.-·:_· .......~.:• . ·': . . _. _ _,•····,_ •-_· •d-... •• ' Govecnmenf A'µJY• lilgt~, t.01111d •bi!! .t)ounct: byterms gLJariante~ing the : . .:· : ·.• ... right qf:ttie/oUlijf party.:to bia.Jree from· currency ofo~r exchange 1: • • .•• •.. _· . , •• • 0 . ·.·:>- ' ... /: ·~e.nttots'Wfth.'r~~p~ctto·ti1e proce~s ·ot eiport ~~,e~.10.repat,riate ... •. . . •-, 'earning~, ao~ .tt;,·exch!!,ng,e i;:uir~ncy in Ubena at fair market.rates of I ·r'. 1 .• · e>cc;it,_ange, ·.cons\$ienfwitn Acls·establist,ing_ the-Central Bank of ;' ,' • • •Llberta·a,oo.Regulaticins pursuiint ttiereto. - •, . '!. .. ~ . • . .. . •• -.-. •• .. • \ ' ' . • a • · ~- .• · :•>Rig)1f ~r~nt;a td -~•ftY.to ;_Minera1.:oevei~pment Agree~ent to I :cornmei\~ rv\inlng or:lo OQtf:t)n a Claass. A Mining License for the ,plJrp0Sa-~.hall be':$uspenC,ed ·uptit such other_ party ·has fulfilled its I . _:, •. ~-•·· '. ,·opligat10,t1$<~ set for}ti"ll'.)'Se~ti()l:is,6:5(bl(c)~'l<i (dl,.~l'l<f-~.3(d)~e~O)- . ,, and.tk)pf.th1s ~and the.M1neri:1l•OeVefop~nt "gr~mentshall • • ' . ''·· : • termin~~_ifsiJch•qther Party .ha~ not.fulfilled its.obligation~as • I ,· . . < ) . · 7ciescdtie~tab'6ve:by "r, bt!:foi:e the end of the ii:tltial or··any extended • .- . - • ;term of the; ExJ)!orat.io.n l:;iqense, oi such• other period. as itmay be ••• •• ., • _r,equirecfby tJ,js Law. • • • • I 1. - ! . ::- ·_.' .:·.;. •'•-:>·_a ( I· I. • ·'· I .. . .. " -~·---·-----·-· YVd zs:ar LOOZ / ZT / OT <'TOlm ,. 10112/2007 15:45 FAX 141012 'II..• 1:. ,· ,•.· ~ -I "1,, ... ,· I: ' -· I., i;{ i· -1· 1:: •. I ',· I:: ,. : ; '' 1~· _;_ :- ·:r• .... ',•.· I I YVd cs:01 LOOG / Gl / 01 @011 XVd t£:6l LOOZ/Zl/Ol _....,.....,., -'-Y•'tV rn.A (4]010 ~l I~ • • •. . , if e£\li~li•9i$, Spuno~1iei to.~• ldelllified, tlokfers qt:l,!in~ral J<i9"'5 ou,.,, than ~econri~ance.~i'cense'.shalfma:rktheir reSpectivebo~ndariesin a@rdance with, •. 1~~:;:*1~1;~;~\~r~t1'F~ir~ ~-.: J: .. ~•0~reatot~ su~~~d •. ::~i II .. ·. ·•· .·>... ,. :SeotfQ'rl:9~7;' ,.Modifibali!;m. ,A Mine:,:al ~Jght!Tl;ly b~;modifie~UQ;_io,clu~.~ _ . ••.. , \>-~.' --Mineral~~qtti.,t,·tr,@"!}Jhp,~e. !ci~jjtli~h:;tt:~ 1ssued undEef:terms.;,arici ec,rydificln,s to·,~ agr,eed •• '-•· :uP~•-~.j~~!~i~~~~~.~-~oiae~9!~4~,~~;~.~L,J~ut~•~:•••· ~-.· ~ :Tsuh.bh;li!,~~-J~!~~ind·•·1,!!iY,:1~~",lf~:~~i~>f()rrt\~')dh_·i!lia1··1 ~:tfl~J!~ubl~!!thC>rm.)il~Y,-.J,1~.lre~ !' .· . -;~• co,':l~~~~:_~•J• \~~~~9~,.:;P)~.ll".":''":f!,P.8~~-s. ~ ~:,as::p~s..,. ..:•~. y· : ~;:app !C?2 ,. ~-, .• .. •. -,M1~e~~'.'.~~~~\~J~:,!·~~~?-~'~f~i:(<? ;.·•,.:·._·}/; :'•:· . J.:_-:·:;_.· '·: :-~··-'·/ , .· . .. . ~ 1 . .. · .. . •.· . -~·•·. :. . . ·-: :'s~rbw~:9; l'ermi'~at19n of Mirieral Rjghts. The duratiofi.inctiJdfng reri~wa1s • •• of Minera.\J~.19,hts!~y-'~xpire t:>y. ili,e lap$& of time;· surrender of the MineralRight by _ttie: I t".lo_lden:ir::fe~R~tion:bf tl')~..90~~~0;, ~fo:m• a ~inerar. Right•e)(J)lrei, tti~_ ~g_l\ts •:· ; • grante~ tner,~Ofid~~ t~:rtbe· Hold~W~ha!l revert to ~emrnent. wttrn;;ut Charge. •-. •, • I_·:'.;· .·.· . . ,•-::·, ·.·:·.-~•di~-;~1·0·.::~~~~~t---Rtght.~f Option to Installation~:: whe~ a Cl~ss A Lic:enie.' t~nnina~!'.••W~~n•,~Gl~~$A M!oin~Licen$e ~?(plres"Go.~emmenflhal.t have:.tn,e •• •. ; OJ)tlon· to,.~cq~f~ ~lt:(itpatt :Qf .tile. moveiable a~~ on. termsJo. bei$~(forth tn;:the ,Miri~ral •. I De~i~:P,~1~~.t~~r-~-~~~\~~~·~~h~'!•:·acttu~r~·-titl~ •.to :II ~o~~~~e_·~r. fi~-~s~ts, • . • •• •••• ~ r=•, • , •'SUJ'(ender.su·cn.,RJght&mi.:whola · - -;-S8C!lQ0 ,9,fl 1; · -Surreoder of.Mlnual R1ght§.. Hold.era of.Mineral Rights may •. '·:::; orJn: part upon prior notictf0fane·{t) month ln the case•of · - . : . , · ~ : a JRe~nnai~~~-t.)c;ense :or-a Class_ C M.~nl09,.Llcens, 1 t_hree,(~) rnonth• in th~ case of.a - •• :,,,: -.Pfos~Dg 41~.n~;;,E;:~\Qliltlon_-Licen~idr'Slass B.Mining Licen$8,·0r six (B).month$ in ,· the. c~se;pNfCt~f~t ~ihihg·1;1:'.1pen~; or $\lC.h greatet.perlod,as :may b.e ·fequ,red ir.1 B· • - • • • M.' 0 ijr~' :f.,Y:11fmtt:,r~~rj:~_::: ·:_·-~:t_/i - . - . •__.>. ·-._ .· •__ ...• · .. - . _. ; . . . _ ... -· . . • •• • .· : •..,. , ': .\ seetjen 9;1a~ H9lder's,Obligat1on to Government .Hold~r,a of. Mineral Rights , shaltr~f08-i,n' 11.~l).le.~;~OVen)mepftqr, the,settJernel't of ·all-oufstahding: taxqtdutlEI$ and·.·:· - other :l•vies:dp~:~r,q'payabl~ l!) ~overnriui:of and for any ii.iWfUl:obligation$ incurred.by the ,· Holders <:l1Jring·•p~ra,~bi'I$: in9ludin9 1)1-ttrio\ _limited:to reclam111tioh;and restprat{on ciU..and a_nd. w~~' r:e·spl,l~,;_:,rptwltt'.1~~¥log: to.e·expiry _o( ~e Mlneral.~~ht_ in qu®UQn. or any • Min~ti:il D-.VEJl.op,11i8f't.A;Qra~menf.enter-ed. into pursuant thereto,.> .·· > :. .: • • . •· .·. •• • • .• , :·~ ~~9\lon ~-13;' ~~ci~~-~i:·:Stiffe-nd~r>. the surrender of itMi~erai Right ~y be. to.tat f?(P~i:tfal~. ·paflil!ll su.~nde,t-may,:e*o9 to ·t:.ertain Mineral$ listed iifthe Mineral'··. Rig}l(ot~ttain'.~r•~ s.u~t _to,~~ Mitjer~fRiQ~t; bt:tt'nQt c,th~.:~ ~r~s sq,t~nd~ted: shall foflll .a _COltlp,act block as,much as ~t)Jsible, With the b()rders aligne(S-to:the true•- • • ·•· · . .north,-south anci ~ast'."o\'9st' · -• ' - • • • • • •. '> •.. • • • 2l . 1-'.;~:>:1p~rr;:,~~:?,r~:<~::s-;~;-~\':- :'.:<· ,_._, ., ' ' • ·' ~• -,:c•, • , ,-: : , :,; • •.··~-,r•;, ·•,,~- ,~ -:.:,,•:-, ,•,, ,· r.~ :; ~:~~- ;·••i:fr} (:(:/ (\'.,:t~;:'.:,~)/:::i:<.i> .:., _•, '. .· '' . ' ' '. ' - .. . :'.• ·-:.\ ~',;:·:~~-~-/:~~ -:_,,_·~))s~&tYdti~9~-~-4: '.· ~~vo.c,atiti~•:o( M,ne~l-,Rigti~:;·,,Mineral'Rights-. under. this· Law · ):iFt rfi~:fS~~-~ipa~~~Y'•,$9v.r.htrte~fon·any'.of,theffbllciWing ~:rounds; •• ·_ • :, •.,____ . _ . ·f .\-:,/t.~:/tJr-':-.~~;:ii~~\ff<i.\:;i/t;,:::-,._::.,.:,.,-;_. :;.-·_ -_;, ,_:·~--:/,- - --.-1· - -·_:,_ ,~-... . -.. - .·::- -:" , _. <--' • / ·?, ..-.... -. .. • ;:";:~t~'.-~-~,., ,". ;-,:4~•/.;.::J~:-,}\)NJl!J~Jt'l~ :,.}:io_ld,li,_b( ~-Mi!'l~!i&t. R1gtit,fai.ls,,to:.~ ~ ~lo~tic>rt :<;:. ,X0·i-/:;:-'~!,:~';1;;,,:;;: , ,(;;f-: , .,,. r.'",~1r' ir :}t:C5t?MJnfoifwith1i(tt\e ,-..i , , ..:\:. _t.,r;.f__;:~ \ /,:•,t· ,.>. ' ..k ·~ ib t: J .i.•-,•:"'."'.il '- · ,. . . ..fime. . .' re(tu1red . •. of the Mineral . . Right; . .. exceptwfien . , •· .:-:1•,;·'-· i' '.,£ :::;.;.:;-:i,:~. ---r-:·:~.:calll~~,,,..y,, r~-maJeure; .- • .• -- .-. ·- ••• .• ;:: . ?\:·~?--~~:':-'J<{i~,.:,: ~-~~~-·\(·/?.LI\:~- : ::, , :, . ,:;::: ·.·: ..__.;- -·: 1. : ..,·, . : _ ->: _., " • . -_- ~ :>• -'.s .- : ,.__ .._ : _... :-.., . • . _.. .- . _.'. .. :. . /('.)'\ ~<}·/">_'~;}; ~;·{.Jr;'.,i> ?#l;l_ ef:e. ~~ ,_Qp~rati?r.,~t:,:a{t {alt t~ ·eany ·ou,i_~lo~tion.itl":- accoi-~oariee•, ,. ··; ; : ',:::-,, ~:·~ .. ::-- .-) ~ -;: · r,•;? :· ·:._. • '.wi.t.n{a:·· ' · ed ~!Qrauo·n. la11 : cease.~lo.ration for'a . ·enod o.f • ',•.(t ~:--/:1 · ,.. ,_;:, ~ :::r '(!·.;,,-;."~ :-..-.,;~ i.;~-~~se-·'•c· M ...~~,.::'-Jl·e:•·n1.:s11~ b,J:,o:'-'\4~ ·,,... ,,\" --"1 }~ • ;~v ~t:-".~".!~~r.-..~•""'-''.,." · {.'ti•~;.,.- 11t. 't••~-~ ..... 1 " •Y."v·W.1Y1:,u~.n1l iii-,.:i ..-h an•"'TV F~fo·ra··••u1o!L•,.,:..,,,.,_l'l-~ ,, ~·~• • 0 {}~/\J-(.<f·i)~_f~l;:·: I'.J..M¥~~~t?.\fi.i(fq~:~ _P_~-~~ -~t~tweJ~a-:_(~-2):,_®_n'i~tiY,e,: ~q~t~~-'.-~ t~-: ': •• -:~f ,P.;fl:,;._f:i'l l j,J;/:'if:t '.·.·~~a.~~:~ :~=o~ -~ :~, ~Js:t•~_:t~~n~.pf-~tWe~-:-fo~J.(24.),,_( :b~.u ~.e :· / :,.;. i~: .;{-/4:-i ~'/t'i,~~.-·-s:'/·.kt}~!'l~~- ~~n ~U.~~~t-~o-a- -~I~$~ ~ M1n111g •Lsc;:ens~,--u~,~---~'1Y,such . "<}~t.~\:_,t_.~.-(F'jyi;1,_..'~'/-\;', -:-~~il1;1re;_or:~$~~~lon·is c<;>n~~~teq t~ ~y ~pvemment.~r_is ~us~d by .·. :F/~?/?if\tJJ?~tf~·~~ttV~j~~~i'.__: _. ,_·-~_. ::_,;:,. - - -. - 1 -< ><-··· _, ·. :·_.- . ·_--.,: !·:.~..-~--~ ·_-':· , _ -.·•. -. - ;:j)\ :';,,//::-::,:_ :,l~':-,;.~~\-ll'J~~h~-r~',o(at{Qn..-by -~-:OpJtnitor-of a m11tenal;provii1on Of.this Law or' ·_·, . ;-); ·~/ .t.::_ '-~;µ j .:~ ,:~? .:::ri::~Jihe·1B.~~iatkir1•.-,or. ~ot ttie-.t~im~ ot. a .Mirierat, o.e~eio°prnenr _• - . .- . •. :;~\?? ·(l~\:?~t:!t ·~•.i:{1\A1fr~j'n~i;#~ a~dl,or thr,h~~lureJp 'cure)n~.-such_~t~r\l;li"vl~latiol'\_ --, •. •-1.:,; >~--~~i ., ':''.:· _-.~_.t~·~·: •.,i[)t:,', :, .:•:'W\thJn,- si~;.{SQ), diiys .aft.er no.Oc,e :or· such longer :perio:d. as·th~·> • • • ~;l: :?. ~~••;,. :\~;'\'+i/I. -<,·rC~\ \.iSt~·~r~:.~• ·;. t·· . ·: J: 1'1\ .. ~ • di' ~:-... ~ t • • _. -~. •. ••• .• • • • ~ .. • •• • · ··\.-.'•·: • ",,,, ,· ., ,,.,..f-,<:. \ '.r...• _,..,tVU!')IJ ~(.f081.} J On~ an_ , .. • ,. .· :· ., , .. .. , ,, .. . .. . . ;:~~:=,f'1:·,'.it~\~:.~~-~i. ,-;/, 1•l_~, ::~?~\ f~;_:•'...-'~-,!•.•:-~(; ••~~-t·:,.. :~ _. ,, ,'. . , . ~- ..• . . • ·, ! ; .•., •. : · • . • ~~ . , •'• : •. · ~--.:~:~~- .. ~. •~•._ · ;~ , ~~• :.; ·. ':~~:.• ,f./-\ -f\, ;:{1~:r-f~:~ft~W,Jt~~J~e.~~-pe~a,\or.~ba!!. tail tp.pay ~Y-taxe·s; du~~.1~'-'.i~1f f~t!ri cir : :,.. .-. ;' .,_, r .:,_; '> :'\f ·;~---~f{;:;_~:.;.-otlier:pay_merif~;fue.-Goverrirnent on the date due ~rid, ;within ·sf~ '(80) . '.X\:.:P::< . ;.{ If~ ~ .t f{(,: ;_J~'~,~t~f,~~-_f',_~.;i~9)1Q~- ~f.~~f~!-Jlt,-~r d~rryar;i~ ~': p_ay#~~: h~s_( ' ,_ • ,._. __.•~ :-,y·-:.·,•·._-•.- ;:-•. '· ; ',.·-.., :co·ntihue&.:to,fa1l-to·ma\<epayweot · . · -· . • • • /\{-::··t ~f\ t'.::/:·,l'..'.'J{}i4\>{ .-:.-;,y::~,>~---.'-,-: : .- .-.:;.;._:.:,. ·< -.- -·-.:.; .• -·;_-_,_ .:.• .'_ •;, ;.·. -. :·_. ;•-:..-.--;- \ . :.: -;;:.. , ,::. ~i \ ) :::~-:'~;~\·V•A'~fi-1 S:.:,,. J$t.{sjctlv.~r.xess .of-Rev(IQitioglX·J~ev~ti~~-t>y.,~~·(e.11n~•r~.·: : . •.. ,:,;-:.:-~'.-;:~ali,tli • .. -- :fi°:.r~,nr . ..,_..._, ttet'.., ctfcelfa;r ·01 · fias·been s,nf,to:th Jtorci'e1t~f-ii;:~11nerat · l.~ii~,' . ;~~P;J,aar~~ .rif S~ci'\ -~bl~er.,~it.i:~·:~t~1iit&tQr :_i(i\ie.6);~~{::,.::.·:- '~--~ 0 rrt~~ 1, :.~.:,t.-'~a;aat~ii@. J~,fY·-~ ~~fifkl·ltr -ttle.Mioe.raf:Oev.eJ<!iprilerit~gree·rMnC, ' :: _. . ·;·'. ·-:- • . .-: . . •• • • ':. <~;.: ,~:~~it/?~~:~:,r/•.'·-\JF:-;\-t :-/:,.·::>>-.i, . . ,:· :-:;._·. :_~-~.-: :. :>,_:_.-_. ,:·~,~:.\;;,:. ·:. _·_\\·__ ,-,-. __.:,•. _:..\--- .·.:. _-_. _·-~ . '.; ·_ -_ . • 1 ; .-,: . : ~ .• '.'i,;':_ ,,:~;;_~.;!:·.,''.' 1•. • "16 ~,,- • ·_ r-:termina\forLot • ·rat: • ;-:rh~- teu.n,natloo oi a, _ _ ..:~ ...... ,:•,; '.'. I -•· : ' ' :·..•.. ·::»,:,, •. ~//:/-:. ·.: .• , '. ·:.:: :: . ·~:: ·.: ; ,•' -.;:,::; . ".. •' ~. •• . -·~ t:',·:·::::@·nru. · · );'ti • 'J> : , ,r;,•;·aI1·be:nt11tand,void ':an· .sh n.:c6ristituf•ta,matena1 v1o atiQh-, -. -;:~f}ll} ..... ,. 9TO~ YV...f !l!l : flT l.0(1;, / ;,T / OT 1UlllllU07 15:42 FAX l4J009 .... _ ,,. ·- . . .: Rig hi tJnt~i~.;Viithtf~jeijs'istiable period C>f time to be prescfibed in. the. R~t1l<lti9ri$ ,. an ... ·i ••a~i9ntne.~t:~f~o~~'~tlei~h~ i~ntt;i1s)nadeJo .a pers~n who-is, an: Eli~_ibl~ Appli~nt: • . ·. . _.·;, :: :;": ..• J.r.· .•••·:;.ci:.>:;·'..t{f.:~~,~t{J!.~i~as~nw.·. Mi~.ra. tR··. igh~•. ma.,~.Lt>e···········f,s·'~.•.9.'.he,ct·•. i~.•·•·.:.':·.·. ,· .• .: a:~ditgr-~5.t~ ,Jff~t\~l).:P~ig~tioi:t Qf:lri~~~~es~. up.on.n!)~Jo .the,;N1lf'IJSW ,~· • •..,: , >:? ):~ \.<~:i;.t pW,syarit t~f~l~~ ~;\ii~~, ;'T;h~ Holder's nght: in .any s~ch Min.erat~lg~(thij~ il~•:~ned • :. •. ;'. :/\' ~·shc;i,1:_teF!)i~t'1~1a1JfqJ;'l ttn.y;f~~l(j~~r• t~e-~o~; pu~ua~tto a 1udgment j)fa ?Ourt--hl\v1r.t9 .. •. •.··•·. •:1. <t~ ;;com~te~tjO~~~•~:i:l;~.v~{~:·Pe~oo$ and·the &Ub~ matter, or ~rwise:pi.11'$,\.lant_to . .\:_,:;,,'.j .tl). ~A. :~~:~J.::lfi,b.••·fi. ·~.ia . .:.'t.':,!7~.rov • :-..·id·:·~..'!ha .• :·. t.~.~e. .. • ju. d~.me .•. nt.· cr~itor. or lien.·~.ed.,.l~or sh. a.~.IJ1.ave. n.o rig l'lt ; ,:-~ ·<to.·:con.cl:u:cf:Op~f:a.tl0.nsfQt:id~t any,sv~h _MmeralRightunless;:.Wlthln·one-hun.:Jred,and ••• , · ·. ,: -:;:, -f~ twenty,:t,2Qj;:day~.~~f#uo.b,fy>r~~losure or otherjtidgm~ntlJ'.I its favor; thejut:fgn,ent•··· . • .::\;i: ·• .credit!)r-'. ~r; l{eo~lfqf'e~er:. de®}hstratestq .tl'.l• Minister, tt,at;it is a.n EUgj!:).ltt App.li~nt ·.·.i. :,;.d,.i .·~<;)r:th~t~1nfir.(~g_t1\·ut@~(flii~_:Caw.:fo..whieh:ca~the.Mioj'${er:sfo.i1iJ1~ijnfthe'.Jµd~n( ·- :•···;•.:::.:r- cr:edltor,'"6r~ir~oJcrEk!Jto.t,~e.'~ppfopriate Mineral ·Rightfor.,lts:remajning te~, pr a~signs•lh~t .. :'·/'. I ;-·,. . Mln~r~F,Rigl1f:to(ah6th~rPerson that:is an.Eli91.ble·AppH~ntinWhlch casetheMtnister : shalf gr,ant,theJ~ine'ral::Rigtll~t~ that.Pers~a. :· • • •• • •• • ::.~. • •'<·:1 •I l".· • ': ./. ': ·_ :<.-.~:~6~::~.1;~:<coni:Jiti~~ .for Transfe,r. Where ther~ is more 1 o~e Holder of a' Mineral' Right'.~alt'tti~ ,H olders .thereof must agree to the aS$ignment or transfer of that Min~:~~'.R!gT;/'.,:/'.f\: '.·-< . . .·. .· ~,~· .••• •. ·.,c . . ·. . ·. . • ,_ • . • • :_:·:.'"Sestlon-:9:20.· ·Force--Majeure. In the'eventthe Holder ()f 2rMi~er~tRig~t··1s •. · •• ·: ., •• than· • ' •• ' ._• • •:_ > t:. . . bei ng,r~11g~r~ ,1Jn~?l~1tn ~le Qr. in• part, by force majeure '.to ·CS:rTY outany •ob~~g~t!o.n· •. •" there\fndi!ti', 'o.toerthah-ai:r:obligatjot, to make payfllet;lts. ()f ffi0r\$'j thata~~nJed prior to the' -~ \C: . c:o~~~·rr,e'p_t:,PU?f~t~aje{)te. '. ~1;1ch P~rs·on ,sh~l_l glv.e, l'lp~~;~:tl)e,p,a:~~.1ars ot .. 0 _ sucll forqe ~~Unt1.rt<-wnt1ng to Gov.emment a~ soon as :praqi~ble ~fu:r, the occprr~nte ·onne.calJse;ieli~;ori; ari<;i''theol>ligatlon ofthe Person givina SllCh noti~. l~~far,asitJs • ! .; : affected'hi~utttf<>~ in'ajeure;. shall be &vspenoed durin1f the• continuan99 oh;iny such,.·· -• ln1;1b_~lity.,: JiP'f!Y~r. fa,y)~.c:~:in~b,ility;~flall\_ Ii~ ·far ,~s pr~cti?bl.e,J:~~ :r~me<!.i~.\'lith all... . ' . r~asonapte ;µ.1,pf.\ch,. All. tirilept}doa~' spet;1fiet:1 ·.for· the: p.&rformance of 0'3h911tion~ or:the· . ,. . .\· •_er-,joytl'le~fof. iigh~· ;g·ca.nt~ by a Mineral ~fght that are aftect~>byfor~ rna~vl1!ti•~capt· c: • t-:• ..•• 1rfconnectlQ'f.l:;wtm: aii Qbliga~ron.·to rnakepaymenh1orrnone)'that;acctued~priof't9 the. • CO!llfTl'entje_~$:flt·(?f foree, m:ajeu(.,r~~a!I b~ extended b{the p~iio~ of time. th' in:aibjlity • .. caused, by ·~tJ'cltJo~1T)a~U~ Etxists . - ~ ··> :... ·,·. . • . ,,_ . . ! ,,,..._ ; ... :.:: .•• ... ~:_.. : / .•• .~.::.: • -·:-:. : --.·.:: :· •• ' : •.. ·~. •..•...• ·:· -:'·:_;,:se~Ue>J{.9,21·,;;;force:Majeur& Defined,.-·The1erms foreemajeuieas used i~ •.•. 'Section sp~lf;rnean ~ • 9 , : 2 0 .•. .a~cidents, wars;. acts of Wclf:,. lnvi:tsio11s, aets of.God; of.· . . . ·. • ··put,Ucreriemteelh#t!l.iti(t~ (YJheth~r war ls declared or.not). restii~s on,tr:adt1 pr; otqer •. •~ctivities Qflhe Holderjn:iposed by any sovereign nation or state, embargqes;·blockadl!s, · ••• .revotutlon.s\ Iti(lt&. ~~ll &~bQtage,- ,nd/or commotions;·. Pr • . . strik~. .other im;tuatiial,;la;io'r • fmplo~~r~~p!OYe~~dj'siru,tes. (if n·ot cu ~ed:for.a peri¥ ::.of -th~-t,; M,o (2)}ncinth$) fires~ .rnor~ explosrons:- e,irthqu~ke• or anyiother.n~tural•ciisaster.s.. e)(P.r9priat,ioJ,·0Hacibties or gooQS:, • epidemic:ia; ~hd a_ny aimliar cause, :Provide9 any such c:3U$EtYlllS notwlttiin the reas9nabJe con~olof th~ party·,clairning suspension and could hot ha\ieJleen avoided or ·overcome by such p:a~ tnr~ugh th~ ~~tcise of due difige(lce, •. • •' • • , • ~~) . . , . l 23 . YVd ss:6l LOO? / ?l / Ol I Tflfm ..,...,, ...... _, .. v.., 1 .LY• <14 rrtA laloos l'. -. ,_ ·. 1•.--r.~... -~~ • , , , '•:~ I •. , ,. ~ .~ •.: .. ·. . . :.,.. . ~ >~ ·, "! ( o~~l1~-~ht 6{C~'~d:lo p_ern:i\t the Holder c(a Mineral Right to conduct Exp\O(~ti()rJ, o,r~fJJ,:~:i(/:::~:.; tlie~oldijf ~YP,~~,t~fllie}WnistJX to.in\erver~.se~ng ~orth_al_l_r,el,e\t~ntfa9s ,~<f?:~:U/('. ::;>I • .., c: c1~6.ims~n9',;.:ih~!1Jd.io,_s· ~£lY"fi~~9.at0.ff~rt rna~e b)-such .~El~ct~~ror.Qcc...p~n,t?f/. ;f/:~i~-J:;;: , . ·:1 · ufncL ::,T~:~ihi$t•r.,'sh,1t. ;J;>y,,RF.Jgula~n.,estabhsh,~pprop,~ate pr~~,es ~r ~-h~~"'11M·:?\-.·.;,: . : ~ an~;d~-~~~!~fi~f-~~'?}:~~~!,f~~?os~ ·:'/_:; ·.}'. : •.: •. _,_ ..· ;:::··, ·,. ,. _.·•. :: . _::-~;!:\;:;;)'.\?(:: /· _. ·.• -~•-:,· .. _; \ :- , ~ ~lot\.·1,f:1:LS~iflc Autj)orizatjon~Reduir~. SJ)ecl~~ authonzation·•,ha\t~::,. \~.>·::~_,:·. _7 __j:)~ 91:>tained'·ttom,~·~Jhjsief:by, the_HolderofaMineral Right in order to cari:y out_th~·;::: :\:\·:.. '~.;;~,:· _-. following :actMtiia~:unle$S:tn~y are expre:ssly.authorii:ed 1n ,the text-~f th~ license gtant~,_.\': ;{;-;>:f~ -hie Holde'for iN:e:Mine;(al•_De.veloprnent Agree~nt: , ' •• • • • • :\.\< i/.< ,.. ,<_:; ·,.•• ':·:·'._\.•,···::.'·.,>i;·•··: ,·.· .. •·'. . . • ... :,._: ... ··,·. ,·.,:· ••. ,,;-'/.\/,-;"-:~;: .. / •. · :. ,.;c'.'a;, •· cl~aiif'\g_:th~.tand. of all tree~. _shrubs an~: pU)e(obs~cle_s .. _and -::· ·: .•; ';/b.:;;;J:;_;, , ,. - : ., :· • \>. (:j~utt{nt,·:)YO(ld ,n,1tte$Saty'for the hclde(s acli~ti-~ '~~ide-:the- ••_·-· :: ; . ·,\,tr:f:-',J .i,;- :·,·/ :·· :, ·boundatles of hb lrc::ense.:or 1icens~s:· . •• : • -.·. • . •. •·• • > ,,:.:\ ,,, ·i~ t: ·: "•• ,:1,•.,. \.;. ~ .·, ... _.:; :•:. ••• , .• J • • •• • ' • • -- • \JI,• ••':·,.·.·•J •-: io~rati ng ,u~used· unreserved wat~~lls: and .hamessi,:19 ·the~for ., ·::pUl'p,0$S$ Of SUCh activities; ._. ·..· • •• • · •• : ·. ~t .. . • . ,: ...... )~! ,.. ·e: '.( . ,De~e!oprttentQf:r~ad·s,:canais, pij)e~ines, channel~,:conv~yors.or .: . ._:_'. other-' ~l:iove.g~ourid: cont1uits. for;the purpose of traJ"l~porting •: • .. · ·products beyond the: Land subject to such MinerarRight; and - >·..... ' • - .. , /' •' : ••. :,t;·. • • ·..:Cr~aiion '?r development.or railways, ~ea or river,.ports· a~d afrp~rts. ' ~. • ' -,cHAPTe~·-:it::-ia~~b:u~EbF iNFRASTRlJCTURe. OWNE.D OR eoNsraucTeo •. a•ft1(l,~DE~S!,~f/!'1l~ERAL.:R,iGH1'S :~ -. . . . - , • • ••• • " :"'. : \> ,· < , . • " - :~,1,·,. -, • ( : ~ . . ; \·· .:.-.·:·...... :, . ', .·· •. .. '. ._:._.':..,;'_ . . • . , . ., ''.' •• :_:·, ..• S&'Cti9n,.12:1~ l:l!;g oflnfr]str'ucture. Communi~n lines an~ other • .infrastructuteJri.s~~lled.Qr ~eveloped by .the Holder ofMinetal Right$ v,:ithin the area subj~ ofthe Mine·ral FtlghtjJ mc1y.b'e,.used by Gpvern~torthir<t partlf;!s provided· •. .. h~w~er,~tti~l-~!t c:omp~rusciUon snail t)e paid and that. s1Jch use dOl!ts ·not iote~r~ with ,or hander::~ -rtold~ls1 Operations. .. . ·. , . , ,·, . • • • • •. • • • • . • .· •. • · .. · . .. - . :'; ·~•.:,". • , • -· •• • • ~ ' • • . ;: . :,' '. :.:_' Segjo0·12.2, .• Flxed'andMgyableA§s~ts•lnst@Ued.by Hg!ders. AJf fixed •. ~sets':ifls~l~. by. Hold era of Mineral Rig~ts shaU become :tile. prope_rty :of G'cvemrnent, up~n termin;spon of ._tt'le Miner-al fijghts;·however: ffi'e·movable e.•ts ·shall remain the . prope_rty pf the:t;Q°t~er. • · · ·_ • -· · •• • . •• . ,.' '. 2.S i. I •, . . . ,r , ., , •. ',,· .... . . •,, ·• 1· •• • .... ' . 141001 .·,. . .. . - , ·,. -:·_. '."' :~ ~:,._._ ~. , •)imifutjo~':6ni~~:'?:Olume· of unde(ground.w:jt~r that c.an ,• , <- ' ' ' , bv ..:.·,·e··•Ae'pthe ., , - . . . ~-:~~~}ti :J\d.:\. '. > • • ,. ' .. ,:, -~:,•; ,, ·:· . , .-,,-~;, ... ,-~·1.•'•'"'~ ,wt. .. , , ... , , . . . . :•L .• ,,:",, .... , · ; , / ; - ·.. tl ·::·. • j. ,,>.' ...... ,, . .)·.: ,•.~ i.._ ••.. - . . . :- ... • • , •. ••. -.~,~-:~\·:; _1_ :'.. "-.'...- \ '"!'- -_~;~':·· -~:,;,-:·•~ittt<:··_~ii ,'imlll& ··r Pr .' I lor tion p;" rmits. Thtf~ri~ti~r:._,;,\"'_ • -. ~n.\aih~f~f:ani:J;s'.et· oitt):~h-an OP<irati.Pr'I Perinlt'f()r uoderg,round-wate~ or,~~rtniW)1/.::.c:~;,.:~, 1,'. . ; . 0epQ$_j~-ij~,i~-ty?tuarit~cF~:P.r6~p~ogJExploration Lite_n,e'shall_lnptu~i-alfdtjlti~(~~-:~:~/;):· :·· -::~ ~~}Jri_d~~)(,~::f#i:&l~:'f)u:'P:~~~;:co.f ~u~h·:~\oratioo·_to ~nable__ ttl_~J-lol~er:_to-r.eachf\~/::Ci'\j;_\·;)\•-'._ • • .• ,::) -~~de~rq;~~r:tt~1bh; ,ua~l!os- .........•• • ·•· •• •·•· . ••••· . . ·• . •. ··.·•·· •· .. · · • ·;{ilJ?k;i[?: D (;_HAtry~~ t~!;:,;(AAD,lt4G ~NI? DEA..LlNGtN GOLD; D(AMONDS A.NP: OTHS,1'.t ., •• _.:~;:h~\f;t;~:<~:•·· .} PRECIOIJS"MlNE8AL:$·'", •. · - •.' ·, •.. '"• ,.·;,\ : -. .• •. ·.·.yc<:,%;,.~~~~~1,~ff.k~ iO.G~•f&~pl~~•g•~~u/ated:.··we •ictij,OAan~ti):;l\}~f~(i e_~C>1\of~9?1µrdi~o,~~f,ri<f9t}Jef ~ryt~?us,M,1nef~l$~11lEa4'.T'T:~,mtllf$~1ij, • __• :•. <\?;:::/l};\((;_i : Operatl<:ihs ~~e:ll':be;_ g(fy~rn·ed.b~.thJs Ui,w,.the ReQIJlations,_a·nds.uch _ndet.and ·:· ·-·'-·· ·_-.:;:,-,•·, ,,,,_;·; . rs 9utallo~s:~•s 1T.tUiYi-rrdni timif t1> :ume;· be:t,romurgated by the··centra1· Bank ot Liberia ••- :._. ·: •i . ::purs_u~~~~r;:El·~~:~ttrif:;t?:: _-· . • . •. :· -: : - : • -· _-. - - .. - - •·. ·C >- ': :•.•_- ·_.,\/:r}:\)\ . _.·•...· .,··· ._ :) ;-.S~£tton--1S:2,:·:,'..Eligib11ltyfot Broke~s.Ucen~~- e~rsonsYihom~et;the,sarne;:;"' >:~o\i\_: reqµir~ri;l~,nt.-;~~,:t~~;:~llPL.l!ated_ tor a ·Cla~ C· Mining Li~nse":_sha:11 t>e-eJigJt:>J~:~ppli~n,ts·.)•_·;,;:_-,:•\:/),·•f :f9t~ ~r9~_~(!··,!i~~~~~.A:p~pketslicen~ec s~~II _g~nt the 'ii'?ld~r ~e'.Right~_t,rade lr, Gold~:\i: ':/;t;.:) O}a~~~~;-~f~~-~~~f~tftf$.'Mi~t~-'{tn r .-':-. ,;::_)\:-( U~en~> : .-··· --. _'. : • • ·_ \ <, . · '.. ,·_·. _ ··) : . -·_ .. _.· ,: . · .. ,·. ·: ( ,:: .. ,Sectjcird'S-:3> Eligibj)ity for.Deale(sLicei:)$e~. ?e;rsolia.'Nho;m~t;tf'.le,sa·n1e: · ._::-<:''.~~-~; .t:etj~ir,men~ ·a~~m~~,~u_la~.for_a:.oras& a· -~ining Wca11s~. o.r..w~9 haye-p:etlflgt~·rt~_d_ ·•·•,_ ·/,'{'<, 1 the· oght_to C)b~lQ\B ,i;;,eale('a l;.icense ._UM~$r ~- Miner~• J?evele>pment _Agr~r:ll;-_~hall_.b~ • . ;: ·;:,-; ; • eligit,le:appli~tf.ts!Jora deafer'.sJiceilSe JUbject;tiov,~ver, Jc:( the.-proyislq11&_l;Qf\~in_ed•in .. •. ;_ ·--: .,:; • sectiQQ;\~,«5~)\'.peal~(s.':U.cenae shall grant _-tne holdefthe ngtitto trade.in Minerals '!n and •__ _-_ .,._·. ':'>; outoft.lbef;la<:· ,> '::: '. •• 1 ' .._ •• ;\f'.· :;>, .'.':::<: -_.: :> - . . . :. .. .... ·, . '. . . .. " ; . _ '· :•. _. '-Section:1.5A:,,:, - deandt:)e ,·_ hi in,Preciou· tone and: t ·ra1~~-A. ., •·p:erson;~ishl~riq_·to;o!!af?i;i;golct; diamQnda. ~t: ptl1er pr~ious-MiQeral;s., :,oci;:Vt'hc,,_~re _li9!~1~> Appli~n~,pufli~$t:1Hothis'·c;:hapterishaU·apply_tothe ~.ini~terfot:;a'.Dealers.Llcense'\Yl'\ich.i sh~i1··aµtho~&:a~•~P.e'tsonfo-engage'i~ ·activities authorized by eacn·Qcense. The-• .·. Regulatiorit:shall'fiX the 0terms' and conditions· that must be satisfied iri otder to :obt;tin or • •malnt;ii~ -~ :_S.[0~$; Licen.se ~r D.ealer's License. - •• • • •• :, , • . . _,·>:·,~ction 15,5~ SE!J~nce of TransactiOQ., Holders of Clau CMining. -~ ' ,Licenses sh21lf;~ell:goldr,-d,i.iimonds ·or either precie>us Miner.al$ o.bta1ned_ trom;pper.atioras ··:o~!Y;-to. brct~~_wh.0-tiava a.Br~ka~s; LlcE!~sa._.°" to dealers ~:are:pa~.itoa Minf)raL·· . De'llelo_p_rnent Agreement; '.and' subJe~ to ,t:s 1~nniJ. •Brokel'$ shall $ell to· de~rers vmo have-· . a· • obtain~d• oe~1~rsucen&e. • • • • • . ._ . _·, Secti9nj 5:6~ .• . Performance Song; Dealers in: preci0,us J-nln~rats ~hall;be, • . requir'e_d . '.. t~Jile'abond .. '.·· of Fifty .• : .Thousar1d_ • . Dollars United States • {US_$ . 50;0Q<l00):wjth . .. ' a • ·• 27 r J I . ·:' ... •·.· ~:.., ~ • ..... 6lO~ YV,;J HJ; RT I 0071:>'T /OT lU/1212007 15:40 FAX 14)006 l1"~-·-::":·~~~;··~~r~t:!iT·:·'.}_i~?~?:?·::'·,::-:':',·• _ - .,.. ' t: Gov~)--~~fot;.~.:~~:Wh,~~~~{r~l_i~{pr1>~-~ventiv~ mea$ur~s are.necessary at-tne -~xpense of. . . the~·:crpt¥f~~b~,:',~~!:lq)6 -~~-~f 1"'!"in~nt"pe!il.to h~mar'!· life:, the M_i~tstty.~:,r-its_ .;tuly • f:'. . aµtf\"9rt,Z;e,pj,ag~~~-~~!i'~1ftt~,,~1y·~lce wtiat~_e_r meas~res~~re neces$81)'• to,·remove. or-!, n ., miUg~te:@•,,tfange~~~h:.n~saiy·ihall'niake demai:ids an· local·_govemment • .. . ~- ·, atrthoni{e·,~~tt;ir~t:'1~(i~~fto'~j;lyih$fhiurian:-life'-an~fproperty:· · . . ' , • · .•,;·.· • . ~ •;• '. ·n11,11~~¥i~~~1/J~~~CiOW:of~b~, WhenP~bttt.!,~ik,ln ~~~g,,Qtiarry t_ ' is :awaraetl~lo'.flr,iy~cd&itJiago(Qr:··~bdontrador,:,tne,emp1oyM.~;of~ny,.u~lHX)Ot.raclor.or ·.::.. ;~: . ·' a. ~;fSuo:cf?~tr~cttjr:st\~l,:iI~~~,r:J~s#,~~tfiie.:bbI~_e4to.re$pect'alfR~ulations•p~(t~~1or_in'thls·__ 1 ----_ Ch::1nter' 1-=t., • "· • • ,.• • " • -,r.: '·. '°!'"'-'r.,-: :--?;;-, <-.··; \,, .. ,, ·.::,. ;, •. •.. .. • . , • '• .' -, . • • ~ • ~. :." ,',.•-·,;~••\~,I'),.',;,: =•~- ',' •• •~,~ , • • ~r• .,,•, • , ',.' ' - •:. _ ,.• •:~·- •;_ :·, -~~(:·:-~&tiMk+s.9~-~·'."otfilOll: $~h~u~nho a. di~ery'. by·apy -~fflcltitot·ttte: M1histry~s~ii'l~~~~r,~t~r~~r~blaint that a;fto_laet:Ofia-Mit'ierar,Rights has fall~ to. • It ' __• imp1~cn¥tDt•Aov),(lti_Ef)lye,t¥n-~·-~n,d:_-sa~etf te{f~lallon~ ~t.1' this·,che:p1er;-:the-Mliilster. may . - " . _- 1;, -•· •• pre~*r:ibi}~i~~(~tit>i'fl~~py;,tt.lf ~r~··J~1.rniit.sfm+teaIth• arid 1SocJ~(Watfarf!i' -~r,ijth_e. ~nister . ._-'. - :\. o·t .1.Lat19u,t'l~l!erl)~ti@Q· teP.fesehtdtioi)s,· an~ on ~mnieridstiori 'gf. th~-Departmeht; -1 • - • • ••• _ I; • IJ\$4l&0r,es,i'equjr~·to:.ensµrethe h)'gift'ne•arjd safety ~tt:'ie'worker1i·p1ant-·and·irwentories . . • -. , : , , ,. · !n,-cia~~s;'qt~~.tge'~l~~r)mminent peril, the Oepar:tment may promptly emJ;loy,,or· • . -- • - .: ,- _pr~spn_~-~:tt~~t~~~~~~~t~-tP•~ln_g_i'.~-u~noe_ ?f ~J>ro~~ate o_rde;rs.:b!:,~;~~;i~\7.r. _•. • ,. __ .· lh- ,? :.~:'f~/s~ '1i>irtS"~·so(. Chuo·, _ •··orProhibi~ ,:'i It shall ~ uhlawful fo(~,,;¥ f)etsqn; : t.• Mi_ni~rf of~~qy,:0; _· r-~ :a!i"~o.·~m.i>{oy),rnire:a.nt;c,ttild under-th~·~ge·c;,f•si;ct~e11.';{1:er • / , .-_ f. years~1n::_~·~!P•i,$)t~~~tcy';-wt,e1f)er:anderg-round'tor: c;,n ttie;iuita~;,'or;;on•~chitte.sJor' - . -. ·: lifting ;_or·rnos-\~g~•qbje'o_ttf;iory.V!iridlo9.Q•ars.for:.elevators -or irfc6nne9ti6n'withJt\e, use· bf;.·, _- r ·;";p"l~;;i"~~i~i1~.}~fd~ ~i.Ejp1~•wBS•: Th. 10JP:iii>llort.... • f. - · ,.mahb~ctµt~is~,9~, _tian~[~hQi P~rC.hii~e. s~le ·and use of ~xplcJsjve~'shall~as :atppt~,•~ -• ~{ • presenll~_'-l:iy:~e:la,W5,'1if:Lj~rta; ·, , ·____ __ • . •~n~iti~nuo,'the _ • • . • ,, • • .- r .:·;-y?;:/;>!~tJ~t~;jj~1;~~k¼~ii~ti~ht~/-~~~:6·s~~. ~erm1t/A1i':Mih~,~@ci.·J~~~ • ·- -~- . F•· •_-.•.: : .·:· 0 op~r~t()fi:s~~ll'~ppfy'toft'1J-:MlrilsU.fot ~~ta fo(Presiden~a!Affalrs, ;or:-to ·au~~ci~~r • -_ t · tD~~/f~~tf ; _- • aaen9:: of~·~~~~ a~~\ll(~ py tlie I ~ ofUberia , for perfu1s$lonJQ import; e~rtf • . ~';!f'._~:e,P.f~°'8• u~~. d~~ of br'a~.. ~~Lin or • I: - e~A~'.1J:lt.f:)~~t..-PRoyisipN$ •·-_ f,. ,. ~ -- -~-·:.:(~<. :._:;>·:~:~·/>.~\\:~::t·\/~"?·/,_._- ..• -~ ~~---< • .•• ,. . . . . . . . .: . --. . . . -;.. ·. _---,i ;_, _;_·~:,: >. _,•,:S~cti9n~11,1;.~F.'.eesforMlnlng•1nd•Quarry Lieens,s;~ :1:11e M,tnlster:~octthe_. •..•• f -. Mi nlst~tpf Fjn_~l'\~~-_ha_O esta~li$.h~, h:om.tl(ne. to tlme,a'nd:' piJbU&hiin;fha: R~lilati~risrtfie·,: -".: -- .rat~s• ~ry~:-pay~t- ~H~es. for,--th~ gr:ani-·of e~cJ, MineraJRight an,fthe ,renewal'i -,xtenslon, ••_• - f: C()ntinuatl:qn\~:;t;·g~:rt:.=-.~~ -~n·~re(~n· a_pplicabl~. ofany Mineral Right,:<' _•. • ·_•_- -_.- • • c. ..... ~, , . . •. . :- .. ·<····;' • :,, '. 1: -.:-. J: -;'.' .,· .. r [ YVa gs:ar 1001. 11.r i or 141005 ' ; ~ ~·. • J •• ~.; .... :, _,·· (.' : . ;,:l'tciifo~;a,1,ii:~,6i~~i~li~~A~,~l}~''.tiatct.reJ~tin9 to $U~ $~i~~tH1p}nv~stig~~q~)o U"\~. ;; .·• ·.. •• .· ;--'., :M.illi.$tf:Yt,HJ.91J;~~l~~ifillt~~ctt r~P.Q~ and ,d~~~C9nfid~ntial ~or,'.~ p ~ gf:tryre~ t3)' \ t ·.· _·.~:rt~I~~~;;0!~tt~itri~~lt.G;-~~&~~,::~',~;'; ~?;_:,\:>)."1· • • 7: //-•:· -/i . ·.· i: •...· •,-!l :: ~.:_ ''.:),'./'.t',;~~SfSc)ion,':ta;t;fM[gis~r'.&:HOtice. Tl'.\~~~~ist~(s~alf-oc;,tJfY,~.,ch;JN=>plieant,for a··• 6 f . : .• : M.irie.·t,a! ·8i~.h~~-.'·t,i:f{he····:):lj•11..·p'l .3 ~iti9tfC>f.·triEI ~pp.ti-?3. ··o.:n. wtttii.r, n. c;, Jo,:i.g. er...tlJt1.n,;s·····.~.'~:J~:O·:·):d··· a.·.ys . . . •· , .. ti h• . after ·~ce1pt 0J~~Jffili9i~~-b\:'.p!9@~;_tna.tlf'1he~~~-()j~n;~p.ll~f'.i(;fdr:anJ$;qjlbrat19n .• •• ·• . C; ~: .:i ~i~tj~:6.)fm~.#-1ff.:~lryi~'s:'l:J~~e,r'U:ie 'M1n1ster n~ ~nly to, l11fortntt\e Appli~nte>f,the •. ' • . _ f- , ·eun:,._~t'J~~!~f~-~p~l\~tiol'.} a~ ·c~ry,_~~~ negoti$~on~-wlU:.\n.:~Jp~1J~):;~~ys· after • . • . r, - ree$l~~:o.t.t~e!~J?'l)~l~tt~n~ 1 .··_· , • •••• , -. •..••,._ -,, ,., )) . _: •:. ·: :·.. ·:,J-. , .. . . • I.·.' .,,· h~r,ieJ:iy,',es~b,li~t,etl. . ' . ·:,:'·::.?~on:~8.3:. ~.- • • , l ,•,• ,"' ,~-•.-,.'~<f"t;• ,'.•{•~•-;\~\-\ • ,~ - ..... ,: •, I ~ •,, \ ; • , I • '• • , , ••~ ' •• .,· ':· !: . • " •Establi$htnerit of Mlneral•,Qevelogmeot-Fund; 'Ttiere is· · a_:t,1,iq111raLOEwelopment FIJ,rd (th~-.Fur:idl ftjr foll~n9:PUQ)OS8$: ~ f. ~- ·. ••·. •· • ~. \'riJ?f';f}\.:f!~~f~::;!i•Zib:~~1~:1~~1n4.~~~~ ~~~i;i {: "· ' ., \: .:::::--::.::.·/\.,~/:·;> ;~~~~;~· /:·~~/-·:-,.;r·--.;;~-~ .: -<·· • • • ~- : -.- .t·· ~- ._: ~ ... - - • __ - ~ • - • . - f. . ·.: .--~· · · : J>?'\ :;_ ~J~~=~;~:~;°f all or. paJt of.th~ Go~e~~i'!fs,eq~i~ i~-~ ..~l~in?, '\.· f .: ' :-'.>';.; ', •:;,·.,' .. :- , , .• ' ,•,: >,:; i ; ••.• .. : '- :.\./·: ',> .·; I i~~~~ /'.. ·.:·> :,\}:',\,e(':.: ': ~~!~•riqJ~g•~of pa11icipati.on ·~ o~gi1nl2:altoritt:, ~tiniiilng<c~r:-J!'-r('.ry~~-:~ryd ·. .~ ·· ;, . , •• • - : '.':::y:; '.~:· 0 '.>:tn~ffiatjQnal- ~mlnars dealmgWilh~ _d4!!Vel9pr,rient:of;th~fflllrilngi$~Qtor.r: • •.. • . . ;··.•·.' .. a;. f ~ ·,.' • l f J' '.1•'. ' · • "• '. ', • :.::,') ~/ · : ·Such' ether· ~rp0$8$ @~. lh~ Mioiiter, with-tt-ae advk:~ of ~a t<· • ~ -~ •••• ·-:~··/ >:.:~<-~~·::.,·~·-. f~'.:,·:-)~·,.··>f ~.-. i-.'-->_.:·:·,: :_ . _ _- ~- •. ·.: .. ·. :". :._; .:· • . . . . . .. ::: - . ; • • • . :. : •. .-'. ...... ·-· . . . •• . •·_: .,_-_:. ·.·· ~~-- ~~ f,,·.. .•:'::.\?·\~~ ./;··~•cn_t! WneJee:o,f_not less.Uum . Fjfty ThPU$8nd,Uoitecl :stateaOollars··.. ,.. ':t·.•·:\/\:/:i ·:.'lV$$:s,()-ioooioo,,haube,pay•~te t&::ttte·ff<>l~:'.cit~at~~n:~Ma'rjing . . ;· · , .: , ••If · . '. ·-' -:/:',,: •:, ·':'i.• •·:· .Llcerite •or b}(e~oh P•~on wno'.is a party to a;~i~~lc Qe,v,el~pment •• 0 I'. • ,:·. t : )~?i_\'.:<:;':. AO,re;,ef!lenhv1th'Go\tern~nt; ·' . : : • • > : • ·' :' :- · , •. . ., • •/ ?:- </}_\·.:, :. . ·,' i' •. .~... -~t ~ •. ·: ii· l ~ l· •. · [ YV..J RC: RT I fl(J:o' /:o'T /OT .J.VIJ.'"1"'vv, 1.J;"o .tf\A @004 l1:: ,} ~: ~?t'~;"i'."[?';/,i1i;.::·?·:·1.?''1,t:•· ~·:·· t· 0 i;) . ~_:-. ~;~),~e)a~::~~.((·.·r~9~1~*9~~ 9t Go'lernmental ·ageneies of the Re,public. of Liberiil; gtlii~tilE'.~i:i-:ttJ~::~9\)ijw,i~,'.fr~$.q()rt\S:·, . : . ' · • • ·, • .• • i_ • •• .·,, · . . . _'_:~_:: ·;. :_,·;·;~} n'.::- I ! ,'. \hJ;Jti6~,i~ treei)\li~p.~~ of their .• ·a·:._:~,': ·:_,: ,::·t-'..]t>t&W~s~s-~a·tneywislHo; .. · pf()peft)' ~ig~~;ie th~ir- ·.,· '·. . ' 3nd' le . • •./\ :i;J[i~~[ij~;i),~;,ei"/l;~rni~ Jiii! ~~;,.,.·~M~;;, ~1)11!~#, $ulije!;{ 1. . • • • • ··l•CJ})~li!~t~;;::;;r;,::.r-tlt\3.••;<:;.,.:;;·. · >.,•. .• . · I ;·.•• '?'?) miMtinonr .• \ ltOedO~'OI 01 perionne1 llnd p,,..i~~ts ~in ll)Ei Rep ~blio: i ,'?{ . :it:::r~~:.:=.~:~:-rvlces ··• ·• ',: not aval~ble in 11,e Republic ,: •.• . .·, . i{1-~;:tr~;iq;{~f di$po7f •~d ma~~1UJ.,~od~T:;t«onal •. •·· ..... ·.··. ··.,f; :'__ . . ·,. •. l!' - :': ·,,,;;; :-<:·>§e?tlorf20;6:: ~on~IS9fi_min~y9nJ Whilet acting wi~in:•~'.-~~P.49:0.Hh.~~r. :. ).: ,•. . ,P.f.<?~J~n~n;~_~v}~$:i;fu~_igr:remp!(lYEtl"$ anc:f,~_loyees.. ":r.4 su~je~::t~-the'J,~:~;Lib~n~_ . l· . ·wn~~c?>e~e~C:"',;/-C:,'_~i:.. : ·, .·., . . . . , ' - •:and;r,ute~iB;~'reliH\f'-ti~~-pr:Qm_ulgated un~er,those. laws without_diSC?-"l!'Tllnati9ri_P~ any kind. ' ••. • .. ' . : . ,• . r : ,:.:. .•.• •.•. ·:::~;:•.?;:::(•:~-<~:_;'>~~ciksili·;2o~~t:;:~~:mm~ntt R~~ht~-~:·:N~o\i~t~.Tran~~~or~~ii:erieroents.•••.• • ' ~'( , •'If an~_~_eijJ_! ~e~f".•;n~~S,Sa):)',, (]overriqief}t ,nay COr'1~9de, .agt"~~:-,W1tl~l:0:~$r , ': J . •~ ~t~te~~t9 ~l~t,ate~~,~SP.£)~~Pl}-Qf ~!n~r.:!!!s over t~e terr:1Jory:,of~V?"-~~r S~atei,;,., . : . .• _ ;: G9'{ernm:e,r)t _sf;lalt gr:a11t to. :an Holders. of Mmer~i RtghtS •wtthout d1et1netjQn,11ll aclya('ltages J •. ~ri~i~~:,~~~i!J~jOj~~§; ngilrgtt~'.PJ1iii;d;i.~~Jne41i~l~h:~~l,~av~. ; _·. • _-~j~~\;;!~~~~~\!~~~~U~~~~i:~~~{~f~~~~~d:~~~~~~=~~~~i:l~~:nd'_. •. ~ • • , compo.u·nds:'.or·ravi~e~~atitJ~ of'siJ~tfMlneratsub}ect to th& pr~vailing, ~ulatjol\$. ••. < ·. '.,' ~ . . :._.·:- • ·,· '. - : : • ?' -: .. -. . ' •• ; ' •'••·'' . ·.: •••••_.. •,'." - •. . ..- . . . • ·- . •• • ' :: •. • • • - • •• : ·' •. • •• I :- . : ,:· • -~,-;·__ : ·-'·$~~ri-iQ.9. :D~cfar;,ti<ln.. Subject to prle>r daclaratior{ tQ ~n~ ~ ~pptovaf-,. . .'. :· of.ihe,:M1n1~ter;,!flij•p4r_cna~-:;: ~ale~)ro.pQrtJ~nue~t>1·of ~nyMine~1;,nd,, µ,-e, C,Qf'\l,'.*ldnlng .: . c ,·:; • . _· :: .tr:~-~~o~;,r~~r,iJ~g atjd.#~~P,6~ttoi:i,th~reoOnclu_di~g Wt?fki~':ofi.~~I~ ~n~_\alJ~Y;s;,:_ ;; :> ·.' • t I •. •.·. ~mpqund~ 9r·~i!'ieJTIVa~ves:of ;uchmmlng or fossil substan~ rtli9Y•~ taff.iedout.Jn, •• 00!:✓"~f:lini.?C;}'~~r~i.~~~,·~~?IJ:n:~~~ 1 t<·•. ' ·••rto~~.r• •· '.: ~e~2 20,1~ •1gdu\tioi ;nira;~ctuie. f'u[Su~~llp~on rt,1,of tlll~~aw· • , . t~e ~~gf.l~~ ~n~~~n.!i:~'- iQCt~~tn•Hnfi:a,~tf:\J.~'• .· ·:: ,nece&aa,ry:for(anq, lne1cteo~l.to M.loe or Quarry Operation$, m aecordani:e with pravail1t1Q •. i~lEIII o. -. : . ~ta~dar.ds of tf1~;M.i_nirf!;J 1:1"~ Oµaliy industries wor1dWid~.· thil Law·and, the- Reg't;Jlations: • .• ·_.:--,' '\·.. ; '·; •. :'. •.::• ,.... I~ ' '• ,._ ~-· .,: 33 1-:. ••.... J. t :)f{~tt ~..,.;c,,,(f:•.:J:;:· • •·•.tt){ e'•·.:,. ' 'S. ,f► ·111.i··, .... ,. ,, ~- ',\ ~ >vii '.>,\~~> ., h-:~·~·!{/(f l -.-··~:·r·:.J .~1~ @003 ... ·./ . . :)\_.t:\t;,.•: -'· ·\ ·. ·, '. ....· : ·ls · · ,-,•·:~•. \!~ •.'!, • ;,. J~ ~~.t {1,·.:1•,.;,J; ,,i·~,i., i I~• t.D:• -..•>' ... ~t_..,v~t-t> ·"- 1 t~-~~r~~- 1W"· iw· I : i it-,.\ .... 1. ) ' ·.,,·,,, .·,.· _.. XVd 10:oz LOOZ / ZT / OT 1011212007 15:37 FAX (4]002 ',\. ·~ ·<;d\ i -:: ' ', iN--fLAW:TO . ·: . ·~ , THI: CONTRARY NOT\\'ttHSTANDING: • • ,. ·.,. ; .\ .,. :.. '. . . ; r\1 .• l7

Minerals and Mining Law (Title 23) · Nelum