And:
Special mining licences are only granted for large scale mining operations with a minimum capital investment of US$100 million. Where such licences are issued, MEM generally enters into a Mining Development Agreement (MDA) with the mining company, for the conduct of mining operations over the licence. The Government’s free carried interest and right to participate in the mining operations are some of the key provisions that are set out in the MDA. Velma Law
Miner
And: Special mining licences are only granted for large scale...
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