Contract with the Government of Bangladesh

Contract with the Government of Bangladesh

Asia Energy Corporation (Bangladesh) Pty Ltd has a Contract with the Government of Bangladesh (GOB) for exploration and mining of coal in Northern Bangladesh. The Contract (11/C-94) was originally signed with one of the world’s largest mining companies BHP (now BHP Billiton) on 20 August 1994.

Later an ‘Assignment Agreement’ was signed between GOB and Asia Energy to transfer licences and contract signed with BHP to Asia Energy on 11 February 1998.

Contract 11/C-94: For Exploration and Mining of Coal in Northern Bangladesh
Between

Government of the People’s Republic of Bangladesh and BHP Minerals International Exploration Inc. Signed on 20 August 1994

Assignment Agreement

Between the President of the People’s Republic of Bangladesh Represented by the Director of the Bureau of Mineral Development and Asia Energy Corporation (Bangladesh) Pty Ltd. Signed on 11 February 1998

The Contract was signed during the tenure of Hon. Prime Minister Begum Khaleda Zia and subsequently under the provisions of the Contract, assigned to Asia Energy Corporation in 1998.