1. Contract #O7kimcHD
Date
2011-12-29
Expiration date
2061-12-29
Duration of the agreement
50 years
Comment on contract
2x21 years plus 7 years.
The leases are stated for a duration of 50 years (renewable at the Company’s option for 2 further periods of 21 years plus 7 years thereafter), following the current regulations and paying an annual rent, according to the laws of Sierra Leone.
The crediting period for carbon is 30 years, starting from 16/05/2016 and ending in16/05/2045.