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This is a Bill, not an Act. For current law, see the Acts databases.


DIAMOND (ARGYLE DIAMOND MINES JOINT VENTURE) AGREEMENT AMENDMENT BILL 2001

                      Western Australia



  Diamond (Argyle Diamond Mines Joint
 Venture) Agreement Amendment Bill 2001


                        CONTENTS


1.   Short title                                    1
2.   Commencement                                   2
3.   The Act amended                                2
4.   Section 2 amended                              2
5.   Part II heading amended                        3
6.   Section 3A replaced and section 3B inserted    3
7.   Schedule 4 inserted                            3




                                                   page i
                           71--1
                           Western Australia



                      LEGISLATIVE ASSEMBLY



      Diamond (Argyle Diamond Mines Joint
     Venture) Agreement Amendment Bill 2001


                               A Bill for


An Act to amend the Diamond (Argyle Diamond Mines Joint Venture)
Agreement Act 1981.



The Parliament of Western Australia enacts as follows:

1.      Short title
        This Act may be cited as the Diamond (Argyle Diamond Mines
        Joint Venture) Agreement Amendment Act 2001.




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     Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
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     s. 2



     2.       Commencement
              This Act comes into operation on the 28th day after the day on
              which it receives the Royal Assent.

     3.       The Act amended
5             The amendments in this Act are to the Diamond (Argyle
              Diamond Mines Joint Venture) Agreement Act 1981*.

              [* Act No. 108 of 1981.
                 For subsequent amendments see 2000 Index to Legislation of
                 Western Australia, Table 1, p. 118.]

10   4.       Section 2 amended
              Section 2 is amended as follows:
                (a) by deleting the definitions of "Schedule", "section" and
                     "subsection";
               (b) by inserting after the definition of "the Company" the
15                   following definition --
              "
                        "the first supplementary agreement" means the
                            agreement a copy of which is set out in
                            Schedule 3;
20                                                                             ";
                  (c)    by deleting the definition of "the Supplementary
                         Agreement" and inserting the following definition
                         instead --
              "
25                      "the second supplementary agreement" means the
                            agreement a copy of which is set out in
                            Schedule 4.
                                                                               ".



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          Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
                                                                   Bill 2001



                                                                                     s. 5.


     5.         Part II heading amended
                The heading to Part II is amended by inserting after
                "AGREEMENT" --

                "   AND SUPPLEMENTARY AGREEMENTS                                         ".
5    6.         Section 3A replaced and section 3B inserted
                Section 3A is repealed and the following sections are inserted
                instead --
     "
             3A.       First supplementary agreement
10                     The first supplementary agreement is approved and
                       ratified.

             3B.       Second supplementary agreement
                       The second supplementary agreement is approved and
                       ratified.
15                                                                                        ".
     7.         Schedule 4 inserted
                After Schedule 3 the following Schedule is inserted --
     "
                                          Schedule 4
20                                                                                  [s. 2]
             THIS AGREEMENT is made the 15th day of October 2001
             BETWEEN
             THE HONOURABLE GEOFFREY IAN GALLOP BEc, MA,
             MPhi1, DPhi1, MLA, Premier of the State of Western Australia,
25           acting for and on behalf of the said State and its instrumentalities from
             time to time (hereinafter called "the State") of the one part
             AND



                                                                                  page 3
     Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
     Bill 2001



     s. 7


            CAPRICORN DIAMONDS LIMITED ACN 009 102 621,
            ASHTON ARGYLE HOLDINGS PTY LIMITED
            ACN 083 175 991 and AML NOMINEES LIMITED
            ACN 006 378 329 each of 2 Kings Park Road, West Perth, Western
5           Australia (hereinafter called "the Joint Venturers") of the other
            part
            WHEREAS:
            (a)   the State and the Joint Venturers are now the parties to the
                  agreement ratified by the Diamond (Argyle Diamond Mines
10                Joint Venture) Agreement Act 1981 which agreement has been
                  varied by the agreement ratified by the Diamond (Ashton Joint
                  Venture) Agreement Amendment Act 1983 and which (as so
                  varied) is hereinafter called "the Principal Agreement";
            (b)   pursuant to Clause 18 of the Principal Agreement Mining Lease
15                No. 275SA (hereinafter called "the Ellendale Mining Lease")
                  has been granted in respect of the area defined in the Principal
                  Agreement as the Ellendale mining area; and
            (c)   the Joint Venturers desire to sell the Ellendale Mining Lease
                  and for such purpose the parties hereto desire to further vary the
20                Principal Agreement and the Ellendale Mining Lease as
                  provided herein.
            NOW THIS AGREEMENT WITNESSES --
            1.    Subject to the context words and phrases used in this
                  Agreement have the same meanings respectively as they have in
25                and for the purpose of the Principal Agreement.
            2.    The State shall introduce and sponsor a Bill in the Parliament of
                  Western Australia to ratify this Agreement and endeavour to
                  secure its passage as an Act prior to 30 June 2002 or such later
                  date as the parties hereto may agree.
30          3.    (1)   The provisions of this Agreement other than this Clause
                        and Clauses 1 and 2 shall not commence to operate until
                        the Bill referred to in Clause 2 has been passed by the
                        Parliament of Western Australia and comes into
                        operation as an Act.


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                                                                              s. 7


             (2)   If before 30 June 2002 or such later date as may be
                   agreed pursuant to Clause 2 the said Bill has not come
                   into operation as an Act then unless the parties hereto
                   otherwise agree this Agreement shall cease and determine
5                  and no party hereto shall have any claim against any
                   other party hereto with respect to any matter or thing
                   arising out of done performed or omitted to be done or
                   performed under this Agreement.
             (3)   On the said Bill coming into operation as an Act all
10                 provisions of this Agreement shall operate and take effect
                   notwithstanding the provisions of any Act or law.
        4.   In clauses 5 and 6 of this Agreement, "Sale Date" means the
             date on which the Ellendale Mining Lease is transferred by the
             Joint Venturers to -
15           (a)   Kimberley Diamond Company NL (ACN 061 899 634)
                   pursuant to the Asset Sale Agreement dated
                   5 September 2001 and made between Argyle Diamond
                   Mines Pty Limited (ACN 008 912 418) as manager for
                   the Argyle Diamond Mines Joint Venture, the Joint
20                 Venturers and the said Kimberley Diamond Company
                   NL;
             (b)   any other party that the Minister responsible for the
                   administration of the Principal Agreement shall consent
                   to.
25      5.   Subject to Clause 6 of this Agreement, the Principal Agreement
             and the Ellendale Mining Lease are respectively varied with
             effect on and from the Sale Date as follows --
             (A)   The Principal Agreement:
                   (1)   Clause 1 --
30                       (a)    by deleting the definition of "Ellendale
                                mining area";
                         (b)    in the definition of "mining leases" --
                                (i)   by amending the definition to be a
                                      definition of "mining lease";

                                                                           page 5
     Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
     Bill 2001



     s. 7


                                 (ii)    by deleting "or mining leases"; and
                                 (iii)   by deleting "Clauses 15 and 18" and
                                         substituting the following --
                                               "Clause 15";
5                         (c)    in the definition of "ore", by deleting
                                 "leases" and substituting the following --
                                         "lease";
                          (d)    in the definition of "relevant town" --
                                 (i)     by deleting "and the Ellendale mining
10                                       area respectively"; and
                                 (ii)    by deleting "in either case".
                    (2)   by deleting Clause 9.
                    (3)   by deleting Clause 18.
                    (4)   by deleting Clause 19.
15                  (5)   Clause 20 --
                          by deleting "or the Ellendale mining area".
                    (6)   Clause 21 --
                          (i)    by deleting subclause (2);
                          (ii)   in subclause (3), by deleting "subclauses (1)
20                               and (2)" and substituting the following --
                                         "subclause (1)".
                    (7)   by deleting Clause 23.
                    (8)   Clause 24A --
                          (i)    by deleting "and the Ellendale mining area
25                               respectively"; and
                          (ii)   by deleting "relevant" in both cases where it
                                 occurs in paragraph (a).


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     Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
                                                              Bill 2001



                                                                             s. 7


                  (9)   Clause 32 --
                        by deleting "leases" and substituting the
                        following --
                              "lease".
5                 (10) Clause 37(1)(a) --
                        by deleting "leases" and substituting the
                        following --
                              "lease".
                  (11) Clause 37(2) --
10                      by deleting "leases" and substituting the
                        following --
                              "lease".
                  (12) Clause 37(3)(a)
                        by deleting "leases" and substituting the
15                      following --
                              "lease".
                  (13) Clause 41(1)(a)(i) --
                        by deleting "leases" and substituting the
                        following --
20                            "lease".
                  (14) Clause 42 --
                        in subclauses (1)(a) and (2), by deleting "leases"
                        and substituting the following --
                              "lease".




                                                                         page 7
     Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
     Bill 2001



     s. 7


               (B)   The Ellendale Mining Lease:
                     (1)   in the heading, by deleting the following --
                                   "Diamond (Ashton Joint Venture) Agreement
                                   Act 1981".
5                    (2)   in the body of the lease --
                           (i)      by deleting "(except as otherwise provided
                                    by the Agreement described in the Second
                                    Schedule to this lease)".
                           (ii)     by deleting "subject to the Agreement".
10                         (iii)    by deleting "except as otherwise provided
                                    by the Agreement".
                           (iv)     by deleting "for the time being and from
                                    time to time" and substituting the
                                    following --
15                                      "and royalties for the time being and
                                        from time to time respectively".
                           (v)      by deleting "and the royalties as provided in
                                    the Agreement with the right during the
                                    currency of the Agreement and in
20                                  accordance with the provisions of the
                                    Agreement to take successive renewals of
                                    the term each for a further period of 21 years
                                    upon the same terms and conditions subject
                                    to the sooner determination of the said term
25                                  upon cessation or determination of the
                                    Agreement PROVIDED ALWAYS that this
                                    lease and any renewal thereof shall not be
                                    determined or forfeited otherwise than in
                                    accordance with the Agreement.".
30                   (3)   by deleting the Second Schedule.




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                                                             Bill 2001



                                                                              s. 7


                  (4)    by inserting at the end of the Third Schedule the
                         following --
    "The boundary of the land being identical to the external boundaries
    of the following former contiguous surveyed mineral claims:

     04/2230   04/2277     04/2308      04/2731       04/10420     04/10439
     04/2231   04/2278     04/2309      04/2732       04/10421     04/10440
     04/2232   04/2279     04/2310      04/2733       04/10422     04/10441
     04/2233   04/2283     04/2311      04/2736       04/10423     04/10442
     04/2234   04/2284     04/2419      04/5270       04/10424     04/10443
     04/2235   04/2285     04/2420      04/9016       04/10425     04/10444
     04/2236   04/2286     04/2421      04/9022       04/10426     04/10445
     04/2238   04/2287     04/2470      04/9023       04/10427     04/10446
     04/2239   04/2289     04/2471      04/9024       04/10428     04/10447
     04/2240   04/2290     04/2472      04/9025       04/10429     04/10448
     04/2241   04/2291     04/2474      049028        04/10430     04/10449
     04/2242   04/2292     04/2475      04/9029       04/10431     04/10450
     04/2243   04/2293     04/2476      04/9030       04/10432     04/10451
     04/2244   04/2302     04/2477      04/9031       04/10433     04/10452
     04/2246   04/2303     04/2480      04/10415      04/10434     04/10456
     04/2247   04/2304     04/2481      04/10416      04/10435     04/10457
     04/2249   04/2305     04/2582      04/10417      04/10436     04/10458
     04/2250   04/2306     04/2583      04/10418      04/10437     04/10735
     04/2269   04/2307     04/2584      04/10419      04/10438     04/10736.".

5                 (5)    by deleting Conditions 8 and 9 of the Schedule of
                         Conditions attached to the lease.



                                                                         page 9
     Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
     Bill 2001



     s. 7


            6.    From and including the Sale Date the Ellendale Mining Lease
                  (as amended by this Agreement) shall continue in force and
                  effect under and subject to the Mining Act 1978
                  (notwithstanding the provisions of section 73 of that Act
5                 restricting the area of land in respect of which a mining lease
                  may be granted) and the provisions of the Principal Agreement
                  shall no longer apply to the Ellendale Mining Lease which shall
                  thenceforth be assigned to the West Kimberley Mineral Field
                  and be designated Mining Lease 04/372 on the tenement
10                register maintained under the Mining Act 1978 in lieu of the
                  designation Mining Lease No. 275SA.
            7.    If the transfer of the Ellendale Mining Lease referred to in
                  Clause 4 of this Agreement is not effected by
                  31 December 2002 or such later date as the parties hereto may
15                agree, this Agreement shall on that date cease and thenceforth
                  have no effect.
            IN WITNESS WHEREOF this Agreement has been executed by
            the parties as a Deed.
            SIGNED by THE HONOURABLE                          )
20          GEOFFREY IAN GALLOP in the                        )   Geoff Gallop
            presence of:                                      )
            C M Brown
            Minister for State Development
            THE COMMON SEAL of                                )
25          CAPRICORN DIAMONDS LIMITED                        )   C.S.
            is affixed to this document in the presence of:   )
            Director T J Appleby
            Secretary/Director Francis T Hoare
            THE COMMON SEAL of                                )
30          ASHTON ARGYLE HOLDINGS PTY                        )   C.S.
            LIMITED is affixed to this document:              )
            in the presence of:                               )
            Director T J Appleby
            Secretary/Director Francis T Hoare

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    Diamond (Argyle Diamond Mines Joint Venture) Agreement Amendment
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                                                                  s. 7


       THE COMMON SEAL of                       )
       AML NOMINEES LIMITED                     )    C.S.
       is affixed to this document:             )
       in the presence of:                      )
5      Director E W J Tyler
       Secretary/Director T J Appleby
                                                                    ".




 


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