Mine. If any Mine is permanently closed at the end of its production life, such Mine shall be deleted from the listing of Individual Productive Capacities and the Board shall by unanimous vote determine an appropriate adjustment to the Aggregate Productive Capacity of the Producer owning such Mine.
Mine. Paringa's President and Chief Executive Officer, Mr. Xxxxx Xxx, said:"I am very excited that Paringa has executed its cornerstone coal sales agreement with LG&E and KU. The contract is the culmination of over a year of due diligence, negotiations, documentation and Paringa Resources Limited ("Paringa" or "Company") (ASX: PNL; OTCQX: PNGZF) is pleased to advise that it has executed its "cornerstone" coal sales agreement with Louisville Gas and Electric Company and Kentucky Utilities Company ("LG&E and KU") for future coal sales from the proposed Buck Creek No.1 Mine, totaling US$220 million of contracted sales. Based on feedback from Paringa's potential "tier-1" customers within the Ohio River Market, the Buck Creek No.1 Mine's Coal Handling and Preparation Plant was redesigned as part of the Pre-Feasibility Study ("PFS") released to the ASX in March 2015, to produce both a fully- washed and a blended product. It is estimated that 30% of total sales from the Buck Creek No.1 Mine will be a fully washed 11,800 btu/lb product and 70% of total sales will be a 11,200 btu/lb product. Paringa is expected to begin production at the Buck Creek No.1 Mine in 2018, reaching full production of 3.8mtpa by approximately 2020. Under the coal sales agreement, Paringa is contracted to deliver a total of 4.75 million tons over a 5-year period of its 11,200 btu/lb product, with 750,000 tons to be delivered in 2018 and 1,000,000 tons to be delivered in each year from 2019 to 2022. The Buck Creek No.1 Mine's direct barge access to the Green and Ohio River systems provides a significant transportation advantage. The LG&E and KU coal sales agreement calls for fixed sales prices based on a Free-on-Board ("F.O.B.") Buck Creek No.1 Green River Barge Price", which is equivalent to a price for selling coal at the end of the Buck Creek No.1 Mine's conveyor belt at the Green River barge load-out facility. The contracted fixed coal sales prices for Paringa's 11,200 btu/lb coal spec begins at US$44.50 per ton in 2018, escalating to US$48.20 per ton in 2022. By adjusting for heating content, the equivalent 11,800 btu/lb coal price implied under this coal sales agreement is US$46.88 for 2018, increasing to US$50.78 by 2022. Provided below is a comparison of the five year (2018 to 2022) weighted average 11,200 btu/lb LG&E and KU contract prices to the PFS sales price assumptions which were adjusted for Paringa's blended 11,200 btu/lb coal product in the PFS: Table 2: Comparison of LG&E and KU...
Mine. Mine during the relevant Operating Year.
Mine. A munition designed to be placed under, on or near the ground or other surface area and to be exploded by the presence, proximity or contact of a person or vehicle.
Mine. As used in this Section and this Agreement, the following capitalized terms shall have the meaning given to them in this subsection:
Mine. From and after the date of this Agreement, upon Buyer's request, Seller shall provide Buyer reasonable access to and copies of all data (including computer data) regarding the dates of hire, hours, compensation and job description of the Transferring Employees and such other employment records covering employees of the Business as Buyer may reasonably request.
(d) Transferring Employees shall receive credit for all periods of employment with Seller prior to the Closing Date under each Buyer's employee benefit plan for purposes of vacation accruals and eligibility, vesting and entitlements to early retirement benefits and severance practices and policies to the extent such periods were recognized for such purposes under the Seller Plans prior to the Closing Date. In addition, with respect to any welfare benefit plan established or maintained by Buyer or its Affiliates for the benefit of the Employees Buyer shall, or shall cause the relevant Affiliates to, waive any insurability requirement or pre-existing condition exclusions (other than any insurability requirement or pre-existing condition that was not waived by the corresponding Seller Plan) and provide that any covered expenses incurred under a Seller Plan on or before the Closing Date in respect of the current plan year by any employee (or any covered dependent of such employee) shall be taken into account for purposes of satisfying applicable deductible, coinsurance and maximum out-of-pocket provisions under Buyer's comparable type of plan after the Closing Date in respect of such current plan year.
(e) All offers of employment by Buyer pursuant to this Section 9.1 shall be expressly conditioned upon the consummation the transactions contemplated by this Asset Purchase Agreement.
Mine. The operating costs include:
a) Drilling
b) Blasting
c) Loading
d) Hauling
e) Auxiliaries
f) Maintenance
Mine. It will, and will cause each of the Subsidiaries to, diligently and continuously proceed with the development, operation and production of the Mine.
Mine a) any shaft, open cast mine, tunnel, opening, whether underground or otherwise, made or constructed after the completion of a Feasibility Study and from which mineral substances have been or shall be removed or extracted by any process of any kind, in quantities greater than those required for sampling, analysis or evaluation;
b) movable and other plant for the processing, transformation, storage and removal of mineral substances and waste, including residues;
c) tools, equipment, machinery, immovable property, plant and improvements for the mining, transformation, handling and transport of mineral substances, waste and materials;
d) housing, offices, roads, landing strips, electricity power line, electricity production plants, evaporation and drying facilities, piping, railway lines and other infrastructure for the above purposes.
Mine. The petitioner asserts that the proposed alternative method would provide at least the same measure of protection as the existing standard. Persons interested in these petitions are encouraged to submit comments via E-mail: xxXXXX-Xxxxxxxx@xxx.xxx; Fax: (202) 693–9441; or Regular Mail/ Hand Delivery/Courier: Mine Safety and Health Administration, Office of Standards, Regulations, and Variances, 0000 Xxxxxx Xxxxxxxxx, Room 2350, Arlington, Virginia 22209. All comments must be postmarked or received in that office on or before April 14, 2006. Copies of these petitions are available for inspection at that address. Dated at Arlington, Virginia this 9th day of March 2006.
