Gross Output definition
Gross Output means the actual market value of minerals or mineral products from each mine or mineral land operated as a separate entity, without any deduction for mining, processing, refining, transporting, handling, marketing or any other expenses: Provided, That if the minerals or mineral products are sold or consigned abroad by the Contractor under C.I.F. terms, the actual cost of ocean freight and insurance shall be deducted: Provided, further, That in the case of mineral concentrates which are not traded in commodity exchanges in the Philippines or abroad, such as copper concentrates, the actual market value shall be the world price quotations of the refined mineral products content thereof prevailing in the said commodity exchanges, after deducting the smelting, refining, treatment, insurance, transportation and other charges incurred in the process of converting mineral concentrates into refined metal traded in those commodity exchanges.
Gross Output means the actual market value of minerals or mineral products from its mining area as defined in the National Internal Revenue Code.
Gross Output means the gross useful work performed by the steam generated. The gross useful work performed is equal to the gross electrical output from the turbine/ generator set.
Examples of Gross Output in a sentence
The following are key highlights for the month of: xxxxxx: • ▇▇▇▇▇ Landing Generating Station’s Plant Gross Output for the Month was xx,xxx MWH • The Plant Starting Reliability was xx% • The Plant Availability Factor was xx% • The Equivalent Availability Factor (EAF) was also xx% • The Gas Turbines Accumulated xxx Total Fired Hours and xx Fired Starts • There was a Total of 0 Trips during the Month • The Equivalent Forced Outage Rate (EFOR) was x% • The plant consumed a total of xxx,xxx DTH of Natural Gas.
Net Income from Mining Operations for the purpose of implementing this clause shall mean the Gross Output less Deductible Expenses and Depreciation Charges.
More Definitions of Gross Output
Gross Output means the actual market value of the minerals or mineral products from each mine or mineral land operated as a separate entity, without any deduction for mining, processing, refining, transporting, handling, marketing or any other expenses: Provided, That if the minerals or mineral products are sold or consigned abroad by the Contractor under C.I.F. terms, the actual cost of ocean freight and insurance shall be deducted: Provided further, That in the case of mineral concentrates which are not traded in commodity exchanges in the Philippines or abroad such as copper concentrate, the actual market value shall be the world price quotation of the refined mineral products contained thereof prevailing in the said commodity exchanges, after deducting the smelting, refining, treatment, insurance, transportation and other charges incurred in the process of converting mineral concentrates into refined metal traded in those commodity exchanges.
Gross Output means the actual market value of minerals or mineral products from each mine or mineral land operated as a separate entity, without any deduction for mining, processing, refining, transporting, handling marketing or any other expenses: Provided, That if the minerals or mineral products are sold or consigned abroad by the Contractor under C.I.F. terms, the actual cost of ocean
Gross Output means the actual market value of the minerals or mineral products from each mine or mineral land operated as a separate entity, without any deduction for mining, processing, refining, transporting, handling, marketing or any other expenses; Provided, that if the minerals or mineral products are sold or consigned abroad by Royal the actual cost of ocean freight and insurance shall be deducted; Provided further that in the case of mineral concentrates which are not traded in commodity exchanges in Peru or abroad, the actual market value shall be the world price quotation of the refined mineral products contained thereof prevailing in the said commodity exchanges, after deducting the smelting, refining, treatment, insurance, transportation and other charges incurred in the process of converting mineral concentrates into refined metal traded in those commodity exchanges.
Gross Output shall be interpreted as the actual market value of minerals or mineral products, or of bullion from each mine or mineral land operated as a separate entity, without any deduction from mining, milling, refining (including all expenses incurred to prepare the said minerals or mineral products in a marketable state), as well as transporting, handling, marketing or any other expenses: Provided, That if the minerals or mineral products are sold or consigned abroad by the Contractor under C.I.F terms, the actual cost of ocean freight and insurance shall be deducted: Provided further, That in the case of mineral concentrates not traded in commodity exchanges in the Philippines or abroad, such as copper concentrates, among others, the actual market value shall be the world price quotations of the refined mineral products content thereof prevailing in the said commodity exchanges, after deducting the smelting, refining and other charges incurred in the process of converting mineral concentrates into refined metal traded in those commodity exchanges. The actual market value of gold and silver bullions or doré shall be determined in the same manner as mineral concentrates.