Exhibit 10.14
AGREEMENT AMENDING JOINT VENTURE AGREEMENT
AGREEMENT made 19 June 1996.
BETWEEN
HOMESTAKE GOLD OF AUSTRALIA LIMITED
ACN 008 143 137 of 226 Great Eastern Highway, Belmont,
Western Australia ("HGAL")
NORTH KALGURLI MINES PTY LTD
ACN 008 747 886 ("NKM")
NORKAL PTY LTD ACN 008 940 743 ("Norkal") and
GOLD RESOURCES PTY LTD ACN 008 976 958
("GRPL") all of 100 Hutt Street, Adelaide, South Australia
AND
KALGOORLIE CONSOLIDATED GOLD MINES PTY
LTD ACN 009 377 619 of Boulder Block Road, Fimiston,
Western Australia ("KCGM")
INTRODUCTION
A. HGAL, NKM, Norkal and GRPL are parties to the Joint Venture Agreement
and HGAL and Norkal (on behalf of itself, NKM and GRPL) are
Participants in the Joint Venture.
B. By the Deed KCGM became bound by the Joint Venture Agreement and is
the Manager of the Joint Venture.
C. The parties have agreed to amend the Joint Venture Agreement as set
forth below.
IT IS AGREED:-
1. DEFINITIONS
In this agreement the following expressions have the following
meanings respectively unless a contrary intention is expressed:-
(1) "Deed" means the Deed dated 14 April 1989 executed by KCGM
(therein called "Management Company").
(2) "Joint Venture" means the unincorporated contractual joint
venture known as the Fimiston/Paringa Joint Venture.
(3) "Joint Venture Agreement" means the agreement dated 14 April 1989
made between the parties (other than KCGM) which is entitled
Joint Venture Agreement and under which the Joint Venture was
constituted (as amended).
(4) "Manager" has the same meaning as in the Joint Venture Agreement.
2. AMENDMENT OF JOINT VENTURE AGREEMENT
The Joint Venture Agreement is amended with effect on and from 11 May
1996 as follows:-
(1) the words in parenthesis are deleted from paragraph A of the
Introduction;
(2) the words "Subject as mentioned in Recital E" are deleted from
paragraphs B, C and D of the Introduction,
(3) paragraph E of the Introduction is deleted in its entirety;
(4) the words "determined on the assumption that none of the
Participants is entitled to any additional saleable mineral
product under Schedule 2" are deleted from clause 1.1(ak);
(5) the words "determined in accordance with Schedule 2" are deleted
from clause 2.6 and replaced by "which is proportionate to that
Participant's Participating Interest";
(6) the words "and as otherwise required or contemplated by Schedule
2" are deleted form clause 5.11;
(7) the words "in accordance with Schedule 3" and the following
sentence in clause 10.1 are deleted and replaced by "pro-rata in
proportion to their Participating Interests";
(8) Schedules 2 and 3 are deleted in their entirety.
3. KCGM ACKNOWLEDGEMENT
KCGM acknowledges that it remains bound by the Joint Venture Agreement
as amended by clause 1 notwithstanding the amendments made by clause 1.
4. EXECUTION OF COUNTERPARTS
This agreement may be executed in any number of counterparts each
executed by at least one of the parties. Each counterpart is an
original but the counterparts together are one and the same agreement.
EXECUTED AS AN AGREEMENT.
SIGNED for and on behalf of )
HOMESTAKE GOLD OF )
AUSTRALIA LIMITED )
ACN 008 143 137 by one of its )
directors in the presence of: ) ------------------
Signature
------------------
Name of director
- --------------------------------
Witness to signature
- --------------------------------
Name of Witness
SIGNED for and on behalf of NORTH )
KALGURLI MINES PTY LTD )
ACN 008 747 886 by one of its )
directors in the presence of: ) ------------------
Signature
------------------
Name of director
- --------------------------------
Witness to signature
- --------------------------------
Name of Witness
SIGNED for and on behalf of )
NORKAL PTY LTD )
ACN 008 940 743 by one of its )
directors in the presence of: ) ------------------
Signature
------------------
Name of director
- --------------------------------
Witness to signature
- --------------------------------
Name of Witness
SIGNED for and on behalf of )
GOLD RESOURCES PTY LTD )
ACN 008 976 958 by one of its )
directors in the presence of: )
------------------
Signature
------------------
Name of director
- --------------------------------
Witness to signature
- --------------------------------
Name of Witness
SIGNED for and on behalf of )
KALGOORLIE CONSOLIDATED )
GOLD MINES PTY LTD )
ACN 009 377 619 by one of its )
directors in the presence of: ) --------------------
Signature
------------------
Name of director
- --------------------------------
Witness signature
- --------------------------------
Name of Witness