Mining Industry Best Practices Sample Clauses
The "Mining Industry Best Practices" clause establishes a requirement for parties involved in mining operations to adhere to the highest recognized standards and procedures commonly accepted within the mining sector. In practice, this means that all activities, from exploration to extraction and site rehabilitation, must be conducted in accordance with up-to-date industry guidelines, such as those set by professional mining associations or regulatory bodies. The core function of this clause is to ensure safety, environmental responsibility, and operational efficiency, thereby minimizing risks and promoting responsible resource development.
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Mining Industry Best Practices. The best practices; methods; specifications; licensing requirements; standards of care, skill, diligence, safety and performance; environmental health and safety standards (including the use of certified or third party verified environmental management systems and adherence to the International Council on Mining and Metals guiding principles, or such other established industry standards as may be agreed in writing by the Parties from time to time); and acts generally engaged in or observed by recognized and experienced international mining companies, as in effect from time to time for Mining Operations, which are consistent with good judgment, reliability, and safety, all in compliance with applicable Governmental Requirements (including Environmental Laws).