Sorry, I am not sure the last post 'Are the mines submitting reports?' is entirely clear. The point is that the companies should always have been submitting quarterly reports. They are required to do so by their Development Agreements, and if they have not been doing so are in clear breach of the terms of the contract - a factor that should be helpful to the Zambian negotiators seeking to re-open discussions on the Agreements.
For example take a look at Clause 10 of the original KCM Agreement, on page 31 of the .pdf loaded on this site. (This is the original Anglo contract for taking over KCM - we don't have Vedanta's contract - but most of the agreements are cut and paste jobs, so I would be confident similar provisions are in each of them).
No comments:
Post a Comment