Good Mining Practices definition

Good Mining Practices means such practices, acts or methods of operating a coal mine and ancillary facilities as are generally accepted as reasonable, safe and appropriate in the industry and in conformity with the requirements of all applicable laws, regulations and permit requirements.

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Good Mining Practices means mineral processing, environmental, financial, and other practices which meet the standard of best industry practices in comparable circumstances and operating environments.

Good Mining Practices means, in relation to mining, those practices, methods and acts engaged in or approved by a firm or body corporate which, in the conduct of its undertaking, exercises that degree of safe and efficient practice, diligence, prudence, and foresight reasonably and ordinarily exercised by skilled and experienced operators engaged in the mining industry in Ontario, Canada.

Examples of Good Mining Practices in a sentence

BPM has performed and will perform all of its obligations in connection with Mine 1 and Mine 2 in accordance with Good Mining Practices and all other requirements of the CMA.
Five Star has performed and will perform all of its obligations in connection with the Mine and in accordance with Good Mining Practices and all other requirements of the CMA.
All activities under this Lease shall be performed in accordance with Good Mining Practices as at the time Tectonic undertakes the activity and shall incorporate concurrent reclamation and remediation of the Premises.
The Parties shall comply, and shall procure that each of its Affiliates and Representatives that is involved in the Project or any aspect thereof, complies with, all laws, rules, regulations and Good Mining Practices that are applicable to it in connection with its activities directly and specifically relating to the Project, including but not limited to compliance with all applicable anti-corruption statutes.
In circumstances contemplated in section 8.01, Owner and the Operator agree to co-operate in reaching accounting and operational procedures to: (i) determine the effect of the commingling, in an equitable and cost-effective manner, in accordance with Good Mining Practices.
MRT shall remove all Project equipment from the Property and complete reclamation of all operations undertaken by MRT with respect to the First 15 Meters, in accordance with applicable laws, regulations and Good Mining Practices, within the ninety (90) Days after December 31, 2012 or, with respect to reclamation activities, for a longer period if reasonably required and approved by the Management Committee.
MRT shall remove at its sole cost all Pilot Project equipment from the Property and complete reclamation of all operations undertaken by MRT with respect to the Initial Production, in accordance with all applicable laws, regulations and Good Mining Practices, within the ninety (90) Days after December 31, 2013 or, with respect to reclamation activities, for a longer period if reasonably required and approved by the Management Committee.
BUYER shall conduct all exploration and other operations in accordance with Good Mining Practices and sound principles of conservation and with due regard to the development and preservation of the Property as a mineral property.
The Operator shall not maintain any quantity of ore in excess of the quantity that is consistent with Good Mining Practices.

More Definitions of Good Mining Practices

Good Mining Practices as used herein shall mean those modern mining methods employed by a prudent mining operator using modern mining equipment and techniques in the conduct of diligent and aggressive mining operation(s) in an attempt to record the maximum amount of economically minable and merchantable minerals on the Property.

Good Mining Practices means good exploration practices as would reasonably be exercised by an experienced mining company conducting exploration activities, operating projects or conducting mining operations of the nature of a Project, all in accordance with sound industry practices, consistent with the standards of the industry and in accordance with all terms and provisions of applicable Laws and applicable contracts and other agreements pertaining to a Project.