A mining joint venture contract is a legal document drafted when two companies or individual dealing with mining business and entering into a joint venture to produce mining material and maintain mines. The terms and conditions of the joint venture business are mentioned in the contract. The contract also acts as documentary evidence for both the parties.
Sample Mining Joint Venture Contract
Mining Venture Contract Number: A5212
Effective date from which the contract begins: 10th of March 2011
This contract is being drafted and entered into between John Woo Mines Limited with head office at:
824 Sand Dune Road
North Dakota, New Carolina 46563
And Jack Iron Ore Limited with head office at:
41 Render high Road,
Washington DC, North Carolina 8521
to enter into a joint venture for distribution and production of iron ore at the mine located at:
21 High Street,
New York, New Jersey 5212.
Following mentioned are the terms and conditions prepared with the approval of both the parties:
- Fifty percent of shares of John Woo Mines Limited will be owned by Jack Iron Ore Limited
- Both the parties have to bring in a capital amount of ten million dollars each.
- The processing unit should be located within one hundred kilometer of the mine.
- The contract validity ends on 10th of March, 2013. Either of the parties can cancel the contract at any point of time.
The signature of both the parties is mentioned below:
Signature of party 1: Signature of party 2:
John Woo Jack Daniel
(CEO, John Woo Mines Limited) (CEO, Jack Iron Ore Limited)