Mineral Deposits definition

Mineral Deposits means mineral deposits occurring in unconsolidated materials situated above bedrock, or mineral deposits situated within bedrock.

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Mineral Deposits means any concentration of a mineral of sufficient size and grade that it might, under the most favorable of circumstances, be considered to have economic potential, and any rights or entitlements to any such concentration of minerals.

Mineral Deposits means all valuable uranium and associated minerals in, on and under the Property. Non uranium and uranium associated uranium and associated minerals and oil and gas are accepted from this Mining Lease. "Mineral Deposits" does not include sand, gravel and similar common minerals, which Lessee may use, without any obligation to make payments to Lessor, for construction of Production Facilities on the Property or on tracts not owned by Lessor within the exterior boundaries of the Property, but not otherwise. In the event Lessee encounters other valuable minerals not covered by this Mining Lease during the term of the Mining Lease, Lessee will notify Lessor, who shall retain exclusive executive rights to such other minerals.

Examples of Mineral Deposits in a sentence

• The Minister acting on behalf of the Treasury, as the sole owner of the Mineral Deposits, hereby establishes in favor of the Partnership a mining usufruct in the Mining Usufruct Area regarding the Prospecting for, Exploration and Exploitation of Natural Gas and Oil.

• At the end of the ten (10) year primary term, this Mining Lease shall be extended on a year-to-year basis for so long as Lessee is in good faith engaged on the Property in (i) the Active Exploitation of Mineral Deposits and/or (ii) reclamation, restoration, decommissioning or decontamination activities required by this Mining Lease and/or by Applicable Laws.

• Mineral Deposits of Canada: A Synthesis of Major Deposit-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods.

• Lessee shall conduct its prospecting and/or mining activities on the Property with reasonable diligence and skill for the purpose of achieving and maintaining the production of Mineral Deposits consistent with good mining and business practices and other applicable industry standards and practices and shall comply in all material respects with all Applicable Laws as further set out in this Mining Lease.

• It is specifically agreed that Lessee shall not be permitted, and “Exploitation” and “Exploit” will not be interpreted to include, the use of any portion of the Property for open pit mining or strip mining operations for Mineral Deposits or the construction or operation of a merchant power generating facility or associated merchant generating facility infrastructure.

• After Active Exploitation of Mineral Deposits permanently ceases and while Lessee is engaged in reclamation, restoration, decommissioning and decontamination activities required by this Mining Lease and/or by Applicable Laws, Lessee shall have no obligation to pay annual base rent.

• After the end of the tenth year of this Mining Lease, Lessee shall for so long as it is engaged on the Property in Active Exploitation of Mineral Deposits pay annual base rent of $75 per acre subject to this Mining Lease on the date rent is due.

• In the case when extinction of the rights contained in the Concession Contract for the Exploration and Exploitation of Coal Mineral Deposits is declared by grave cause imputable to the ASSIGNEE, the latter will be responsible to the ASSIGNOR for the damages and losses caused.

• Lessee shall conduct its prospecting and/or mining activities on the Property with reasonable diligence and skill for the purpose of achieving and maintaining the production of Mineral Deposits consistent with good mining and business practices, and shall comply with all Applicable Laws as further set out in this Mining Lease.

• Geological Association of Canada, Mineral Deposits Division, Special Publication No. 5, pp.49-73.

More Definitions of Mineral Deposits

Mineral Deposits means uranium bearing ores and includes uranium, thorium, and any other fissionable material, together with vanadium, molybdenum, manganese, and other nonfissionable materials that are associated with uranium, uranium bearing ores and other fissionable materials.

Mineral Deposits means all valuable minerals in, on and under the Property, except oil and gas. “Mineral Deposits” does not include sand, gravel and similar common minerals, which Lessee may use, without any obligation to make payments to Lessor, for construction of Production Facilities on the Property or on tracts not owned by Lessor within the exterior boundaries of the Property, but not otherwise.

Mineral Deposits means a mineral which is potentially viable in terms of both grade and reserve for mining.

Mineral Deposits does not include sand, gravel and similar common minerals, which Lessee may use, without any obligation to make payments to Lessor, for construction of Production Facilities on the Property or on tracts not owned by Lessor within the exterior boundaries of the Property, but not otherwise. In the event Lessee encounters other valuable minerals not covered by this Mining Lease during the term of the Mining Lease, Lessee will notify Lessor, who shall retain exclusive executive rights to such other minerals.