Strictly confidential9 Pooling & Sharing Joint Venture…  Alexkor will remain the holder of its marine mining rights  Richtersveld Mining Company will remain the holder of its land mining rights  Alexkor & RMC will respectively put their marine & land mining rights under full control of Joint Board of PSJV  Alexkor will put its land & marine mining assets under control of Joint Board  Alexkor will have 51% interest (with 3 members on Joint Board) in PSJV & RMC a 49% interest (also with 3 members on Joint Board)  Joint Board will appoint Executive Committee  EXCO shall oversee the conduct of day-to-day operations  EXCO will put in place a development plan for viable mining venture
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