Section 5: Powers of the Corporation

Subject to the other provisions of this Act, the Corporation shall have power to do anything which in its opinion is calculated to facilitate the carrying on of its activities including, without prejudice to the generality of the foregoing, the power to-(a) sue and be sued in its corporate name;
(b) hold and manage movable and immovable property;
(c) construct and maintain such roads, railways, sidings, tramways, bridges, reservoirs, watercourses, buildings, plant and machinery and such other works as may be necessary for, or conducive to, the discharge of the functions conferred on it by or under this Act;
(d) purchase or otherwise acquire or take over any asset, business, property, privilege, contract, right, obligation and liability of any company, firm or person in furtherance of the business engaged in by the Corporation;
(e) enter into contracts or partnerships with any company, firm or person which in the opinion of the Corporation will facilitate the discharge of its functions under this Act;
(f) train managerial and technical staff for the purpose of the running of its operations;
(g) undertake such research as may be necessary for the performance of its functions under this Act, and for that purpose it may establish such number of research laboratories including mineralogical, chemical, mineral dressing and assay laboratories either independently or in partnership with any company, firm or person, as it may determine in each case;
(h) exercise such other powers as are necessary or expedient for giving full effect to the provisions of this Act.