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Executive Decree No. 199/12 on the contract for diamonds secondary deposit exploitation between ENDIAMA-E.P, KCC, YANGO and AM & BC (Project CAPUNDA).

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., KCC Lda, YANGO Lda and AM & BC Lda, so called Project CAPUNDA. This Contract, consisting of 9 Chapters, divided into 79 clauses and 6 Annexes, creating 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 km. in Capunda Region, Municípalities of: Luquembo and Nahera, Provinces of Malanje and Bié, according to the maps attached in Annex A. The rights of participation for the members of the Association are the following: a) ENDIAMA 32%, b) KCC 10%, c) YANGO 10%, d) AM & BC 48%.

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