3Powers of the Governor and other persons

3 Powers of the Governor and other persons

3 Powers of the Governor and other persons

(1) Subject to this Act, the Governor, the Minister and the Authority may enter into an agreement with any person for and with respect to:

(a) selling the Undertaking to the Company,

(b) conferring on the Company rights to mine for, win and carry away coal and shale in and from the land described in the Schedule to this Act, or any part thereof,

(c) granting to the Company, under the Mining Act, a lease or leases affecting the land described in the Schedule to this Act, or any part thereof, or a mining purposes lease or leases affecting land other than the land so described,

(d) permitting the Company, upon the sale of the Undertaking, to take possession of the Undertaking or any part thereof and of all or any part of the land described in the Schedule to this Act, and to carry on coal-mining operations therein or thereon, pending the granting to the Company of a lease or leases referred to in paragraph (c) of this subsection, and

(e) such other matters connected with or incidental to the matters referred to in paragraphs (a), (b), (c) and (d) of this subsection as the Governor thinks fit.

(2) The consideration for the performance by the Governor, the Minister and the Authority of an agreement entered into under subsection one of this section shall be not less than nine million five hundred and fifty thousand dollars in cash.

(3) All acts, matters or things that, by an agreement entered into under subsection one of this section are agreed, directed, authorised or permitted to be done or executed by or on behalf of Her Majesty, the Governor, the Minister or the Authority may be done or executed in accordance with the agreement without any further authority than this Act or, in relation to any such acts, matters or things arising under paragraph (c) of that subsection, without any further authority than the Mining Act.