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MIDROC Gold Mine Pvt. Ltd. Co. (MGOLD)

BUSINESS PURPOSE

The Company is established to accomplish the following Business Purposes:
  1. To engage in mining, exploration, prospecting of gold and other minerals;
  2. To engage in the development, production and processing of economic minerals and by-products;
  3. To enter into business transaction in the selling and buying of the products both within the local and foreign markets;
  4. To perform both field and laboratory studies on all useful minerals so as to determine and ensure the reserve and the extent of the deposit;
  5. To engage in shallow and deep drilling operations so as to determine and ensure the reserve quality and depth extent of the deposit;
  6. To engage in wholesale or retail selling of gold and other minerals both to foreign and local markets;
  7. To engage in the production and importation of equipment, consumables and spare parts related to the above operations;
  8. To enter into hedging and similar contracts;
  9. To construct building and alter buried assets related to mining and exploration activities; and
  10. To engage in any other business activities which the Company may think relevant to enhance the above mentioned business purposes of the Company.

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