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                                                                    EXHIBIT 4.12

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            SALE AND PURCHASE AND ASSIGNMENT OF RIGHTS IN NET SMELTER
                        RETURN AND CONTRACTUAL POSISTION

                                 BY AND BETWEEN
                             NORANDA CHILE LIMITADA
                                       AND
                            METALLICA (BARBADOS) INC.

In Santiago, Republic of Chile, on December 15, 2004, before me, ANTONIETA
MENDOZA ESCALAS, Attorney, Titular Notary Public of the 16th Notary Office and
Mining Registry of Santiago, with office at San Sebastian, number 2750, Las
Condes, there appeared: Mr. Fernando Porcile Valenzuela, Chilean, married,
engineer, Chilean national identity card number 4,027,183-K and Mr. Marcelo De
Petris Zanetta, Chilean, single, commercial engineer, Chilean national identity
card number 7,544,038-3, in representation, according to what will be evidenced
of NORANDA CHILE LIMITADA, a company validly constituted and existing pursuant
to the laws of Chile, Tax Identification Number 88,325,800-2, all domiciled for
these purposes at Avenida Andres Bello 2777, 8th floor, Las Condes, Santiago,
hereinafter indistinctly "Noranda" or the "Seller", as one party, and as the
other Mr. Pablo Mir Balmaceda, Chilean, married, attorney, Chilean national
identity card number 6,374,989-3, domiciled at Enrique Foster Sur 20, 9th floor,
Las Condes, Santiago, in representation of METALLICA (BARBADOS) INC., a company
validly constituted and existing pursuant to the laws of Barbados, domiciled at
Worthing Corporate Centre, Worthing Main Road, Christ Church, Barbados and for
these purposes at Enrique Foster Sur 20, 9th floor, Las Condes, Santiago,
hereinafter indistinctly "Metallica" or the "Buyer", the appearing parties being
of legal age, who evidence their identity with the Chilean national identity
cards previously cited, and state:

FIRST: Minera Metallica Limitada ("Metallica") is the owner of the following
mining claims: One.- Mining concession for exploitation Niquel 1-10, which
judgment and survey record has been registered on page 315 overleaf, No. 81 of
the Property Registry of the Custodian of Mines of Vallenar corresponding to the
year 1996, and the ownership title is registered under the name of Minera
Metallica Limitada on page 305 overleaf, No. 74 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 2003; Two.- Mining
concession for exploitation Zinc 1-10, which judgment and survey record has been
registered on page 346, No. 86 of the Property Registry of the Custodian of
Mines of Vallenar corresponding to the year 1996, and the ownership title is
registered under the name of Minera Metallica Limitada on page 310 overleaf, No.
79 of the Property Registry of the Custodian of Mines of Vallenar corresponding
to the year 2003; Three.- Mining concession for exploitation Plomo 1-10, which
judgment and survey record has been registered on page 285, No. 76 of the
Property Registry of the Custodian of Mines of Vallenar corresponding to the
year 1996, and the ownership title is registered under the name of Minera
Metallica Limitada on page 309 overleaf, No. 78 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 2003; Four.- Mining
concession for exploitation Cobalto 1-30, which judgment and survey record has
been registered on page 360 overleaf, No. 88 of the Property Registry of the
Custodian of Mines

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of Vallenar corresponding to the year 1996, and the ownership title is
registered under the name of Minera Metallica Limitada on page 307 overleaf, No.
76 of the Property Registry of the Custodian of Mines of Vallenar corresponding
to the year 2003; Five.- Mining concession for exploitation Estano 1-57, which
judgment and survey record has been recorded on page 307 overleaf, No. 80 of the
Property Registry of the Custodian of Mines of Vallenar corresponding to the
year 1996, and the ownership title is registered under the name of Minera
Metallica Limitada on page 304 overleaf, No. 73 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 2003; Six.- Mining
concession for exploitation Potasio 1-50, which judgment and survey record has
been registered on page 338, No. 85 of the Property Registry of the Custodian of
Mines of Vallenar corresponding to the year 1996, and the ownership title is
registered under the name of Minera Metallica Limitada on page 303 overleaf, No.
72 of the Property Registry of the Custodian of Mines of Vallenar corresponding
to the year 2003; Seven.- Mining concession for exploitation Cuarzo 1-55, which
judgment and survey record has been registered on page 325 overleaf, No. 83 of
the Property Registry of the Custodian of Mines of Vallenar corresponding to the
year 1996, and the ownership title is registered under the name of Minera
Metallica Limitada on page 301 overleaf, No. 70 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 2003; Eight.- Mining
concession for exploitation Galena 1-57, which judgment and survey record has
been registered on page 366 overleaf, No. 89 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 1996, and the ownership
title is registered under the name of Minera Metallica Limitada on page 312
overleaf, No. 81 of the Property Registry of the Custodian of Mines of Vallenar
corresponding to the year 2003; Nine.- Mining concession for exploitation Litio
1-39, which judgment and survey record has been registered on page 352, No. 87
of the Property Registry of the Custodian of Mines of Vallenar corresponding to
the year 1996, and the ownership title is registered under the name of Minera
Metallica Limitada on page 311 overleaf, No. 80 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 2003; Ten.- Mining
concession for exploitation Titanio 1-33, which judgment and survey record has
been registered on page 290 overleaf, No. 77 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 1996, and the ownership
title is registered under the name of Minera Metallica Limitada on page 313
overleaf, No. 82 of the Property Registry of the Custodian of Mines of Vallenar
corresponding to the year 2003; Eleven.- Mining concession for exploitation
Bario 1-40, which judgment and survey record has been registered on page 279
overleaf, No. 75 of the Property Registry of the Custodian of Mines of Vallenar
corresponding to the year 1996, and the ownership title is registered under the
name of Minera Metallica Limitada on page 306 overleaf, No. 75 of the Property
Registry of the Custodian of Mines of Vallenar corresponding to the year 2003;
Twelfe.- Mining concession for exploitation Uranio 1-4, which judgment and
survey record has been registered on page 297, No. 78 of the Property Registry
of the Custodian of Mines of Vallenar corresponding to the year 1996, and the
ownership title is registered under the name of Minera Metallica Limitada on
page 300 overleaf, No. 69 of the Property Registry of the Custodian of Mines of
Vallenar corresponding to the year 2003; Thirteen.- Mining concession for
exploitation Silice 1, which judgment and survey record has been registered on
page 320 overleaf, No. 82 of the Property Registry of the Custodian of Mines of
Vallenar corresponding to the year 1996, and the ownership title is registered
under the name of Minera Metallica Limitada on page 314 overleaf, No. 83 of the
Property Registry

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of the Custodian of Mines of Vallenar corresponding to the year 2003; Fourteen.-
Mining concession for exploitation Tasio 1, which judgment and survey record has
been registered on page 333, No. 84 of the Property Registry of the Custodian of
Mines of Vallenar corresponding to the year 1996, and the ownership title is
registered under the name of Minera Metallica Limitada on page 308 overleaf, No.
77 of the Property Registry of the Custodian of Mines of Vallenar corresponding
to the year 2003; and Fifteen.- Mining concession for exploitation Cobre 1-6,
which judgment and survey record has been registered on page 302, No. 79 of the
Property Registry of the Custodian of Mines of Vallenar corresponding to the
year 1996, and the ownership title is registered under the name of Minera
Metallica Limitada on page 302 overleaf, No. 71 of the Property Registry of the
Custodian of Mines of Vallenar corresponding to the year 2003; all of them
hereinafter referred to as the "Mining Claims". These Mining Claims were
purchased by Metallica by means of public deed of "Execution of Mining Purchase
Option" granted on July 15, 2003 before Mr. Patricio Raby Benavente, Notary
Public of the Fifth Notary's Office of Santiago, with the balance of price being
paid upon such execution, hereinafter the "Option Exercise". The Mining Option
Agreement which gave rise to this purchase was granted before the same Notary on
September 2, 1999, undersigned between BHP Chile Inc., as an Offeror, and Minera
Metallica Limitada, as an Oferee, under which BHP granted Metallica the power to
explore and purchase the Mining Claims, hereinafter the "Option Agreement.

SECOND: In clause seven of the Option Agreement specified in the preceding
clause, the parties agreed upon that Metallica would additionally pay to BHP the
equivalent Net Smelter Return amounting to 2% of ore obtained from the Mining
Claims object of the Option Agreement once the exploitation of such Mining
Claims has commenced under the terms and conditions set forth in the same clause
seven of the Option Agreement. This obligation was ratified in clause eight of
the Option Exercise, thus repeating the obligation which was initially accorded
under the following terms: "In the event that the Beneficiary exercises the
option and starts operations in the properties which are object of this
agreement, it shall pay BHP two per cent of the Net Smelter Return. Net Smelter
Return shall mean for these purposes the total value received by the Beneficiary
for the product extracted from the Properties, minus all expenses related to the
treatment of such product in any smelting plant, refinery or coining place, as
well as all costs and charges for tolling, smelting, refining or coining such
product and in the event of any leaching operations, all processing, recovery,
transport and preparation costs shall be deducted incurred from the moment the
treated product enters the solution process until being ready for sale.
Likewise, and in order to fix the Net Smelter Return, any costs and charges
associated therewith, such as costs and charges related to transport, insurance,
handling, weighing, sampling, analysis and marketing, shall be deducted, as well
as penalties, entertainment expenses, fees and arbitration expenses, import and
export taxes; therefore Net Smelter Return shall mean the net amount received by
the Beneficiary from a smelting plant, refinery or coining place, as the case
may be, minus all costs and charges associated with the marketing, sale and
delivery of the product to the smelting plant, refinery or coining place, as
applicable. Notwithstanding the above, said costs shall not include the cost of
leaching, acids or other costs related to the extraction and preparation until
the product has entered the electrolytic solution. Should the product be treated
in a smelting plant, refinery or coining place owned, operated or controlled by
the Beneficiary or a subsidiary thereof, all costs and charges

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referred to in the preceding paragraphs shall be equal to the applicable rates
collected by similar smelting plants, refineries or coining places as applicable
in transactions made in equity conditions for the treatment of similar
quantities and quality of the product by independent not related parties. The
Net Smelter Return shall be fixed by the Beneficiary at the end of the calendar
quarter in which the ore or concentrates from the Properties are sold or
disposed of with the corresponding payment having to be made by the Beneficiary
within forty five days following the end of each quarter. On December the thirty
first of each year and not later than March the thirty first of the following
year, the Beneficiary shall deliver BHP an annual statement on the Net Smelter
Return (the "Annual Statement"). The Beneficiary shall keep proper records to be
made available to BHP during the term of eight months as from delivery of such
Annual Statement, in order to enable BHP the right assessment of the Net Smelter
Return calculation. Within this term, BHP may object by written notice to the
Beneficiary the accuracy in assessing or calculating the Net Smelter Return made
by the Beneficiary or the accuracy in assessing if an entry has been duly
categorized or calculated. Once this notice has been sent within proper term and
in the indicated manner, the assessment of the Net Smelter Return or of the
entry as applicable, shall be made by an independent auditor to be appointed by
the Parties or the Beneficiary, should the parties be not able to reach
agreement in this respect. Should BHP does not object the assessment of Net
Smelter Return made by the Beneficiary within the eight-month term as from
delivery of the aforementioned Annual Statement, said Annual Statement shall be
considered correct and it shall be assumed that BHP has accepted it in all its
parts therefore waving, due to that action, any right to object the same".

THIRD: By public deed of this same date executed before the Notary Public that
authorizes, BHP Chile Inc. sold, assigned, and transferred to Noranda Chile
Limitada who purchased and acquired on its own behalf the Net Smelter Return
amounting to two percent of the minerals that are obtained from the Mining
Concessions once the exploitation of the same has commenced, on the terms and
conditions established in the previous clause and in the eighth clause of the
public deed of Exercise of Option. As a consequence of this sale and purchase
and assignment, Noranda Chile Limitada acquired the capacity as titleholder and
creditor of said rights, credits, shares and interest, and as obligor of the
corresponding obligations, assuming the total of the rights that for BHP Chile
Inc stem from each one of them. In this way, Noranda Chile Limitada acquired the
contractual position that until this date corresponded to BHP Chile Inc. in the
Mining Option to Purchase Agreement dated September 2, 1999 and in the Exercise
of Option of Mining Purchase executed on July 15, 2003, both before Mr. Patricio
Raby Benavente.

FOURTH: In this act Noranda Chile Limitada, who acts duly represented for these
purposes by Messrs. Fernando Porcile Valenzuela and Marcelo De Petris Zanetta,
sells, assigns and transfers to Metallica (Barbados) Inc., who purchases,
accepts and acquires through its representative appearing party Mr. Pablo Mir
Balmaceda, 30% of the total of the rights and obligations of which Noranda Chile
Limitada is titleholder in the Net Smelter Return amounting to two percent of
the minerals that are obtained from the Mining Concessions once the exploitation
of the same has commenced, on the terms and conditions established in the second
clause above and in the eighth clause of the public deed of Exercise of Option.
As a consequence of this cession and assignment, from the date of this
Agreement, Metallica Barbados Inc. acquires the capacity as titleholder and
creditor of 30%

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of said rights, credits, shares and interests, and as obligor of the
corresponding obligations, assuming 30% of the rights that for Noranda Chile
Limitada stem from each one of them. In this way Noranda Chile Limitada and
Metallica Barbados Inc. together assume, with a proportion of 70% the former and
30% the latter, the contractual position that until this date corresponded to
BHP Chile Inc, in the Mining Option to Purchase Agreement dated September 2,
1999, and in the Exercise of Option of Mining Purchase executed on July 15,
2003, both before Mr. Patricio Raby Benavente, Titular Notary Public of the
Fifth Notary Office of Santiago, who are individualized in the first clause of
this instrument, thereby subrogating and assuming on its own behalf all rights
and obligations of BHP Chile Inc. in the Mining Option to Purchase Agreement and
its Exercise as previously referred to.

FIFTH: The price of this sale and purchase and assignment of rights is the total
sum of US$600,000 equivalent at this date to the sum of 347,466,000 Chilean
pesos, that Metallica (Barbados) Inc. pays in this act, in cash, Messrs.
Fernando Porcile Valenzuela and Marcelo De Petris Zanetta declaring, both in
representation of Noranda Chile Limitada, to receive such sum to their entire
and full satisfaction, expressly waiving resolutory actions.

SIXTH: Any difficulty or controversy that arises between the contracting parties
in respect of the application, interpretation, duration, termination, validity
or execution of this contract or for any other reason shall be submitted to
ARBITRATION, in accordance with the Rules of Arbitration Procedure currently in
force of the Santiago Arbitration and Mediation Centre. The parties confer a
special irrevocable power of attorney on the Santiago Commercial Chamber (Camera
de Comercio de Santiago A.G.), upon written request of any party, to designate a
mixed arbitrator, an arbitrator who can fix the procedure, and makes a ruling in
accordance with the law, from the attorneys who are members of the arbitral body
of the Santiago Centre of Mediation and Arbitration. There shall be no appeal
against the resolutions of the arbitrator and the parties hereto expressly waive
any right they may have to appeal against such decision. The arbitrator shall
remain especially empowered to resolve all matters related to its competence
and/or jurisdiction. The official language of the Arbitration shall be Spanish
and the applicable legislation shall be Chilean. This clause shall survive the
termination of the Agreement.

SEVENTH: All Notary Public and Real Estate Registry expenses arising due to this
instrument shall be shared equally between both parties.

EIGHTH: The bearer of an authorized copy of this instrument is authorized to
request and sign all registrations, sub-registrations, annotations, certificates
and carry out other acts as required in the relevant Registries. The appearing
parties also authorize Messrs. Juan Pablo Schaeffer Fabres and Pablo Mir
Balmaceda so that both acting together may execute one or more minutes or public
deeds that allow substitution as regards any deficiencies or defective or
insufficient designations in the titles, in accordance with that provided in
article 82 of the Rules of the Real Estate Registry. The concession of these
powers is, from this time, irrevocable. The legal representation of Mr. Fernando
Porcile Valenzuela and Marcelo De Petris Zanetta to represent Noranda Chile
Limitada is stated in the Second Board of Directors Meeting held on November 12,
2003, converted to public deed on November 20, 2003 in the Notary Public of
Santiago of Antoneita Mendoza Escalas. The legal representation of Mr. Pablo Mir
Balmaceda to act in representation of Metallica

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Barbados Inc. is stated in the power of attorney executed on November 17 of 2004
in the United States of America, State of Colorado, which being duly legalized
was formalized in the Notary Pubic of Santiago of Rene Benavente Cash on
November 25, 2004. Said legal representations are inserted as not being known by
the parties and at the request of the same. In witness whereof, the appearing
parties sign after reading. A copy is issued. I attest.

/s/ Pablo Mir Balmaceda
Pablo Mir Balmaceda
Metallica Barbados Inc.

/s/ Fernando Porcile Valenzuela
Fernando Porcile Valenzuela
/s/ Marcelo de Petris Zanetta
Marcelo de Petris Zanetta
Noranda Chile Ltda..<PAGE>

                                                                    EXHIBIT 4.13

                              EMPLOYMENT AGREEMENT

         MEMORANDUM OF AGREEMENT made as of the 1st day of March, 2005.

BETWEEN :

         METALLICA MANAGEMENT INC., a corporation incorporated under the law
         of the State of Colorado,

            (hereinafter called the "Corporation")
                                                            OF THE FIRST PART,

                                     - AND -

         RICHARD J. HALL, of the City of Centennial, in the State of Colorado,

            (hereinafter called the "Executive")
                                                           OF THE SECOND PART,

                                     - AND -

         METALLICA RESOURCES INC., a corporation subsisting under the laws of
         Canada,

            (hereinafter called "Metallica")
                                                            OF THE THIRD PART,

      WHEREAS the Executive commenced employment with the Corporation effective
November 8, 1999;

      AND WHEREAS the Executive and the Corporation have agreed that the ongoing
employment of the Executive shall be subject to the terms and conditions set
forth herein;

      AND WHEREAS the Corporation is a wholly-owned subsidiary of Metallica, and
pursuant to a management agreement between the Corporation and Metallica, the
Corporation provides certain managerial and administrative services to Metallica
and its other subsidiaries;

      NOW THEREFORE THIS AGREEMENT WITNESSESS that in consideration of the
mutual covenants contained herein, the parties hereto agree as follows:

1. The Corporation agrees to continue to employ the Executive as the President
and Chief Executive Officer, and the Executive hereby agrees to continue such
employment. During the term hereof the Executive shall also act as the President
and Chief Executive Officer of Metallica, and shall hold such offices of other
subsidiaries of Metallica as shall be appropriate to the Executive's

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duties. In such capacities, the Executive has and shall have responsibility for
supervising and directing the operations of the Corporation and Metallica,
including the international operations carried out through Metallica's
subsidiaries, and shall participate in the development of, and oversee the
implementation of, Metallica's long term strategy. The Executive shall supervise
the activities of the other officers and employees of Metallica and the
Corporation. The Executive shall report to, and accept direction from, the Board
of Directors of Metallica.

2. The Executive agrees to perform such services and duties in relation to the
business and affairs of the Corporation or Metallica or any other company which
is for the time being a subsidiary of Metallica (all of which other companies
are hereinafter referred to as "the associated companies") as are contemplated
in section 1 hereof and as may from time to time be vested in or given to him by
the Board of Directors of the Corporation or Metallica and shall give the whole
of his time, abilities and attention to the business of the Corporation or the
associated companies and shall use his best endeavors to improve and extend the
same. However, the Executive, with the permission of the Board of Directors,
shall be allowed to serve as a Director of other corporations.

3. This Agreement shall continue to govern the employment of the Executive by
the Corporation until:

      (a)   the Executive terminates this Agreement for a reason other than Good
            Reason (as hereinafter defined) by not less than six months written
            notice to the Corporation; or

      (b)   the Executive terminates this Agreement for Good Reason, in which
            event the provisions of section 11 hereof shall apply; or

      (c)   the Corporation terminates the employment of the Executive for
            Manifest Cause (as hereinafter defined), in which event the
            provisions of section 10 hereof shall apply; or

      (d)   the Corporation terminates the employment of the Executive other
            than for Manifest Cause (as hereinafter defined), in which event the
            provisions of section 11 shall apply.

4. As remuneration for his services hereunder, the Corporation shall pay to the
Executive an annual salary by equal monthly installments in arrears. The annual
salary shall be:

      (a)   US$150,000 during the one year period commencing March 1, 2005;

      (b)   US$160,000 during the one year period commencing March 1, 2006; and

      (c)   US$170,000 during the one year period commencing March 1, 2007,

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and thereafter reviewed annually by the Board of Directors of the Corporation.
The Executive will also be eligible for annual bonus to be determined by the
Board of Directors based upon performance of the strategic plan.

5. The Corporation shall reimburse the Executive for such traveling, hotel,
entertainment and other out-of-pocket expenses as he may from time to time
properly incur in or about the businesses of the Corporation or any of the
associated companies and as may be approved by the Board of Directors of the
Corporation.

6. The Executive shall be entitled to such other benefits and to such holidays
to be agreed upon by the Executive and the Corporation. These benefits and
holidays shall include, but not be limited to, eligibility in the Corporation's
401-k plan, health, dental, disability and life insurance at two times annual
salary. The Executive shall be entitled to four weeks of paid annual vacation.

7. The Executive shall be entitled to participate in the Corporation's stock
option plan to the extent and upon such terms as may be determined from time to
time by the Board of Directors of the Corporation. In addition, the Executive
shall be granted 70,000 Restricted Share Units pursuant to a Restricted Share
Unit Plan to be established by Metallica.

8. The Executive shall not at any time either during his employment by the
Corporation and/or for a period of three years thereafter attempt to induce any
person to leave the employment of the Corporation or any of the associated
companies.

9. The Executive acknowledges that in the course of carrying out, performing and
fulfilling his duties of employment with the Corporation he has had and will
have access to and be entrusted with detailed confidential information
concerning the present and contemplated exploration projects, prospects and
opportunities of the Corporation, and that the disclosure of any such
confidential information to the competitors of the Corporation or to the general
public would be highly detrimental to the best interests of the Corporation
and/or the associated companies. The Executive further acknowledges and agrees
that the right to maintain such detailed confidential information constitutes a
proprietary right which the Corporation is entitled to protect. Accordingly, the
Executive covenants and agrees with the Corporation that he will not (either
during the continuance of his employment by the Corporation or at any time
thereafter) disclose any of such detailed confidential information to any person
nor shall he use the same for any purpose other than those of the Corporation,
unless such information is otherwise known to the public.

10. Notwithstanding section 2 hereof, but subject to section 11 hereof, the
Corporation may terminate the employment of the Executive for any reason which
constitutes Manifest Cause (as hereinafter defined), and in such event the
Executive shall not be entitled to any payment on account of such termination,
other than compensation due him in respect of the period ending on the date of
termination (including all accrued but unpaid vacation and other benefits).

11. In the event that:

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      (a)   the Corporation terminates the employment of the Executive other
            than for Manifest Cause; or

      (b)   the Executive resigns from his employment hereunder for Good Reason
            (as hereinafter defined),

the Corporation shall pay to the Executive, in addition to all accrued but
unpaid vacation and other benefits, a lump sum in cash on the date of
termination or resignation an amount equal to three times the Executive's annual
salary in effect for the financial year of the Corporation during which the
employment of the Executive is terminated or the Executive resigns.

12. For the purposes of this Agreement:

"Good Reason" means any circumstance in which the Executive is induced by
actions of the Corporation or Metallica to terminate his employment other than
on a purely voluntary basis, and without limiting the generality of the
foregoing shall include:

      (a)   a reduction or diminution in the level of responsibility, title or
            office of the Executive;

      (b)   a reduction in the compensation level of the Executive, taken as a
            whole;

      (c)   forced relocation to another geographic location; or

      (d)   the failure of the Corporation or any successor corporation to
            maintain substantially similar employment terms with the Executive
            after the date hereof as were in existence prior to the date hereof.

"Manifest Cause" means:

      (a)   the conviction of the Executive on a felony charge;

      (b)   a gross and willful failure of the Executive to perform the duties
            necessary to carry out the Executive's responsibilities in a manner
            consistent with the Executive's performance prior to the date of
            this Agreement;

      (c)   dishonest conduct which is intentional and materially injurious to
            the Corporation.

13. If the employment of the Executive under this agreement is terminated, in
whatever circumstances and for whatever reason (other than a reason which
constitutes Manifest Cause), the Corporation, or any successor corporation,
shall continue to include the Executive and his immediate family in the
Corporation's medical and dental insurance plan for a period of time equal to
the lesser of (i) 18 months, and (ii) such period of time until the Executive
commences employment with another employer and becomes eligible for coverage
under such other employer's medical and dental

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                                     - 5 -

benefit plan, or, if the Executive no longer qualifies for inclusion in the
medical and dental benefits plans of the Corporation or its successor, or the
Corporation or its successor does not maintain a medical and dental benefits
plan for its employees, the Corporation shall pay to the Executive such amounts
as are necessary for the Executive to arrange to obtain such benefits for
himself and his immediate family privately for such period of time.

14. Metallica hereby irrevocably and unconditionally guarantees the performance
by the Corporation of all of its obligations hereunder, including without
limitation the payment of all amounts payable by the Corporation to the
Executive, and the Executive shall not be required to exhaust its remedies
against the Corporation prior to claiming against Metallica pursuant to this
guarantee.

15. Any notice in writing required or permitted to be given to the Executive
hereunder shall be sufficiently given if delivered to the Executive personally
or mailed by registered mail, postage prepaid, addressed to the Executive at his
last residential address known to the Secretary of the Corporation. Any such
notice mailed as aforesaid shall be deemed to have been received by the
Executive on the fifth business day following the date of mailing. Any notice in
writing required or permitted to be given to the Corporation hereunder shall be
given by registered mail, postage prepaid, addressed to its head office. Any
such notice mailed as aforesaid shall be deemed to have been received by the
Corporation on the third business day following the date of mailing. Any such
address for the giving of notices hereunder may be changed by notice in writing
given hereunder.

16. Any and all previous agreements written or oral, between the parties hereto
or on their behalf relating to the employment of the Executive by the
Corporation, are hereby terminated and cancelled, and each of the parties hereto
hereby releases and forever discharges the other of and from all manner of
actions, causes of action, claims and demands whatsoever under or in respect of
any such agreements.

17. The provisions of this agreement shall be governed by and interpreted in
accordance with the laws of the State of Colorado and each of the parties hereto
by their execution of this agreement irrevocably agrees to the jurisdiction of
the courts of the said state.

18. The provisions of this agreement shall enure to the benefit of and be
binding upon the legal personal representatives of the Executive and the
successors and assigns of the Corporation, respectively.

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      IN WITNESS WHEREOF the parties hereto have set their hands and seals as of
the date first above written.

SIGNED, SEALED AND DELIVERED        )
      in the presence of:           )
                                    )       /s/ Richard J. Hall
                                    )   ------------------------
/s/ Stacey Story                    )       RICHARD J. HALL
----------------------------------- )
      Signature of Witness          )
                                    )
Stacey Story                        )
------------------------------------
      Name of Witness (please print)

                                            METALLICA MANAGEMENT INC.

                                            By:  /s/ Bradley J. Blacketor
                                                 ------------------------------
                                                 Authorized Signing Officer

                                            METALLICA RESOURCES INC.

                                            By:  /s/ Craig J. Nelsen
                                                 ------------------------------
                                                 Craig J. Nelsen, Chairman

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]