Executive Decree No. 172/12 on the contract for diamonds secondary deposit exploitation between ENDIAMA-E.P, Muazaza Chiumbe, Icanoras and Levon Trading International, denominated (Project CARIANGO).

Country/Territory: Angola
Document type: Regulation
Date: 2012
Source: FAO, FAOLEX
Original source: Diário da República, I Série, No. 105.

Subject: Mineral resources
Keyword: Mining Concession Zoning Exploration Authorization/permit
Geographical area: Africa, Central Africa, Least Developed Countries, South Atlantic

Abstract: This Decree establishes a 5-year duration contract for diamonds secondary deposit exploitation between ENDIAMA-E.P., Muazaza Chiumbe Lda, Icanoras S.A. and Levon Trading International Ltd, so called Project CARIANGO. This Contract, consisting of 9 Chapters, divided into 79 clauses and 6 Annexes, creates an Association between the Parts in order to perform mining rights, such as: prospection, research and recognition of secondary deposit diamonds. This concession has been released to ENDIAMA, within the area of 3.000 Km2. in Cariango Region, Municípality of: Quibala, Province of Kwanza-Sul, according to the maps attached in Annex A. The rights of participation for the members of the Association are the following: a) ENDIAMA 40%, b) MUAZAZA 4%, c) ICANORAS 6%, d) LEVON 50%.
Full text: Portuguese
Website: www.legis-palop.org

References - Legislation

Implements

Law No. 31/11 approving the Mining Code.

Legislation | Angola | 2011

Keyword: Basic legislation, Minerals, Classification/declassification, Mining, Environmental planning, Research, Exploration, Authorization/permit, Policy/planning

Source: FAO, FAOLEX