![]() " Operating Activities" means all proprietary activities of the JVC, including feasibility studies, ore dressing, prospecting, processing, construction of processing plants or other activities in relation to mining, transportation, smelting, or other activities in relation to Minerals conducted by or on behalf of the JVC. ![]() " MGMR" means the Ministry of Geology and Mineral Resources of PRC. " Mining Rights" means mining licenses and contract rights held by the JVC in the Operating Areas. "Mining" means mining, extraction, production, transportation, treatment, filtering or any other mining production process, including the processing of by-products and products refining using any method. " Minerals" means all base and precious metals, industrial minerals that are discovered or are present within the Exploration Areas. " Joint Venture Company" or "JVC" means the cooperative joint venture company established by the Parties pursuant to Chapter 4 herein. "Government Instrumentality" means any state, provincial, city, municipal or local government and any department thereof, or the central bank, court, commission, bureau or board exercising any regulation, expropriation or taxing authority under or for the account of any of the foregoing. "General Manager" or " Deputy General Manager" means the individual or entity appointed pursuant to Article 35 herein. "Exploration Unit" or " Exploration Units" means an area or areas, each 1 km2 in size, forming the basic units of an Exploration Area. " Exploration Program" means any program or plan formulated by the JVC's geologists and engineers for the exploration of an Operating Area or Operating Areas. ![]() ![]() Exploration Licenses means the licenses, permits or rights, to conduct exploration activities within the Operating Areas granted by Government Instrumentality.
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