Mine Sample Clauses

Mine. Xxxxxxx’s President and Chief Executive Officer, Mr. Xxxxx Xxx, said: “I am very excited that Xxxxxxx 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 approvals on both sides. We are very proud to be contracting with LG&E and KU and we will look forward to contracting additional coal sales as we move towards production”. For further information contact: President & CEO Vice-President of Business Development Head Office: 0000 X Xxxxxx Xxxxxx, Suite B | Evansville | Indiana | 47715 New York Office: 0 X 00xx Xxxxxx, 0xx Xxxxx | Xxx Xxxx | XX | 00000 Registered Office: Xxxxx 0, XXX Xxxxxx, 00 Xxx Xxxxxxxxx | Xxxxx | XX | 0000 Email: xxxx@xxxxxxxxxxxxxxxx.xxx Website: xxx.xxxxxxxxxxxxxxxx.xxx ABN: 44 155 922 010 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. Xxxxxxx 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 s...

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. As used in this Section and this Agreement, the following capitalized terms shall have the meaning given to them in this subsection:

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. Mine during the relevant Operating Year.

Mine. The mining site and its access roads, as well as the processing facility and all other facilities which have been built or set up within or outside of the Permit Area, relative to the Project or required for use within the context of the Project, including all buildings, offices, equipment, furniture and accessories, structures, open cast mining and underground mining infrastructure, machinery, equipment, housing, mining townships, means of transport and all other relevant infrastructure, equipment and facilities.

Mine. A-Max currently has no Subsidiaries nor any interest in any other corporation, partnership, or limited liability company. To date all business activities of Mine-A-Max has been in the field of mineral exploration and mine development. Mine-A-Max has abandoned all current mining projects.

Mine. Time spent during an employee':; regular working hours monthly inspections and subsequent will be considered time worked. The Union may other employees as temporary from time to time as required for Safety Committee. It is the intention of the Company to supply necessary safety protection equipment to its employees. These of safety equipment and protective apparel be supplied by the Company on a loan basis arid the shall be required to for same and return in good and serviceable condition (lair wear and tear excepted). If the employee fails to so, he shall be charged with replacement cost of articles in question. items will be supplied, however, this is not exclusive list. Hard Hats Safety Glasses, Clear Work Gloves (leather, rubber or plastic as required for special jobs) --P-la-c-er D-om--e - Limited arid United Steelworkers of America Local Agreement Welders I Leather Coat per year, Xxxxxxx, and

Mine. Independent Contractor has carefully inspected and examined and is familiar with the Nowrytown No.1 Mine, all areas surrounding the Nowrytown No.1 Mine, and the OWEC Property.

Mine. (Clause 1.1) : Imo (San Simon) Project in San Xxxxxxx, Baja, Mexico, inclusive of the following tenements: IMO FRACC.I - Latitude: 30° 26' 22.894" N, Longitude: 115° 53' 46.085" W IMO FRACC.II - Latitude: 30° 30' 17.821" N, Longitude: 115° 48' 44.150" W IMO FRACC.III - Latitude: 30° 28' 29.328" N, Longitude: 115° 49' 23.457" W IMO FRACC.IV - Latitude: 30° 26' 22.894" N, Longitude: 115° 53' 46.085" W IMO FRACC.V - Latitude: 30° 26' 5.693" N, Longitude: 115° 53' 40.206" W Minimum Interest (Clause 1.1): 10% Joint Venture Interest. Mining Act (Clause 1.1): The Mining Act refers to the federal statute that governs the grant, use, cancellation and expiration of mining concessions in Mexico. The Law was originally published in the Federal Official Gazette (“FOG”) on June 26, 1992, and then further amended on December 24, 1996, April 28, 2005, and on June 26, 2006. Nominated State (Clause 1.1): Baja California, Mexico. Passmark (Clause 1.1): 51% Percentage Share of Joint Venturers entitled to vote plus at least 2 Joint Venturers voting in favor. Products (Clause 1.1) : Iron Ore Magnetic Concentrate or Pelletized Iron Ore. Matters requiring a Unanimous Vote (Clauses 1.1 and 5.5(c)):