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DIAMOND (ARGYLE DIAMOND MINES JOINT VENTURE) AGREEMENT ACT 1981 - SECT 8

8 .         Certain entitlements of Company declared and protected

        (1)         Without limiting any other right, title, interest, benefit or entitlement the company may have in or in respect of the subject land or any minerals found thereupon, or the effect of section 7, it is hereby expressly declared —

            (a)         that on and from the coming into operation of this Act the Company has exclusive possession of the subject land for the purposes of the Mining Act 1904 5 and the Mining Act 1978 ; and

            (b)         that —

                  (i)         all diamonds found upon the subject land before the coming into operation of this Act excluding diamonds removed from the subject land before 15 October 1979 by a person other than the Company; and

                  (ii)         all diamonds found upon the subject land after the coming into operation of this Act but before the relevant date,

                shall be the absolute property of the Company,

                and the entitlement of the Company to such possession and such property shall not be liable to be challenged, appealed against, reviewed, quashed, or called in question by or in any proceedings before a court whether instituted before or after the coming into operation of this Act.

        (2)         Subsection (1) does not —

            (a)         apply to or in relation to the possession after the relevant date of the subject land; or

            (b)         apply on or after the relevant date to or in relation to diamonds found before the relevant date upon the subject land but not removed from that land before that date; or

            (c)         affect any right, title, interest, benefit or entitlement of the Joint Venturers or any of them.

        (3)         In this section relevant date means —

            (a)         the date of the grant of a mining lease of the subject land pursuant to clause 15 of the Agreement; or

            (b)         the termination date,

                whichever is the earlier.



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