Materials in process definition
Materials in process means those materials, other than salvageable by−products, which must be temporarily stored in a controlled manner. These materials include stockpiled develop- ment ore other than that in a mine or concentrator, mine backfill and reclaim water. The materials also include intermediate con- centrates and intermediate refining and smelting products which require further processing, such as ore concentrates which must be agglomerated prior to marketing.
Examples of Materials in process in a sentence
The report will include Client Materials, in process Commercial Product, and finished Commercial Product stored or pending release and shipment, and shall include part number, material description, quantity, lot number, expiration date and material disposition.
Upon termination by Buyer, Buyer shall pay all Materials and Services delivered and completed, and an equitable settlement shall be arrived at for costs incurred by Supplier for Materials in process, not to exceed that part of the price specified herein which is attributable to such Materials.