Mining Business definition

Mining Business means the exploration, mining, production, marketing and sale of metals and ore containing metals.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Mining Business has the meaning set forth in the Recitals.

Mining Business has the meaning given to that term in the definition of the Project.

Examples of Mining Business in a sentence

• Except as disclosed in Section 3.14 of the Disclosure Schedule, the Seller and their respective predecessors and Affiliates have each complied in all material respects with all laws (including rules, regulations, codes, plans, injunctions, judgments, orders, decrees, rulings, and charges thereunder) of federal, state and local governments (and all agencies thereof) which are specifically applicable to the Mining Business.

• No Participating Public Entity may exit the Mining Business prior to October 1, 2018, or before the reclamation obligations of TMPA are completed and the Mining Business assets are released from reclamation bonding.

• Presentation by ▇▇▇▇▇▇ ▇▇▇▇, the Head of the Energy and Mineral Resources Agency, South Sumatra Provincial Government, ‘Process of Arranging Mineral and Coal Mining Business Licenses in South Sumatra Province’, Seminar and Workshop on Early Year Notes of Mineral and Coal Mining in South Sumatra, Palembang, January 10th 2017.

• Seller holds all of the franchises, permits and licenses reasonably necessary to enable it to operate the Mining Business as presently conducted.

• In setting the account balance, to the extent the fair market value of the Mining Assets held by TMPA exceeds any remaining System Debt or New Debt in the Mining Business, such net fair market value shall be added to the cash funds held in the account, such that the account balance is the sum of the net fair market value of the Mining Assets plus the cash funds in the account.

• In the event a Participating Public Entity exits the Mining Business as permitted under Section 2.11.1, it shall remain responsible for the same percentage share of costs incurred after its exit as set forth above, such that the same percentages shall apply to each exited and remaining Participating Public Entity for any costs of the Mining Business category until all Mining Assets are sold.

• So far as AngloGold is aware, no landowner of any property over which the Surface Right Permits (WW) are held, has denied access to AngloGold to conduct the WW Mining Business, or to construct any structures or buildings necessary to carry out these operations and related activities and to carry on and continue the WW Mining Business.

• The Company and each of the Shareholders agree that they will not enter into any agreement or letter of intent with any third party regarding the purchase, sale or transfer of the Mining Business, or any part thereof, or interest therein, for a period being the longer of (i) twenty (20) years and (ii) until such time as there is no economic value in the Mining Business (the “Exclusivity Period”), in each case from the date of this Agreement.

• In accordance with Article 112 of the Mining Law of Indonesia and the Government Regulation No. 23 of 2010 on Minerals and Coal Mining Business (“GR23/2010”), a company holding an IUP in Indonesia is required to reduce its shareholding by foreign investors to no more than 80% within a period of five years after the issue of IUP.

• For the purposes of the foregoing "material facts" shall mean those facts which would be material to a reasonable purchaser, in the position of (and collectively having all of the skills, knowledge and expertise of) the Purchasers, of the WW Mining Business.

More Definitions of Mining Business

Mining Business means (i) the acquisition, exploration, development, operation and disposition of mineral interests, (ii) the gathering, marketing, treating, processing, storage, selling and transporting of any production from such interests and (iii) ancillary activities that are directly related to, and necessary in connection with, the activities described in clauses (i) and (ii) above.

Mining Business shall have the meaning given in Recital (A);

Mining Business means an activity described in subparagraph a or a.1 of the first paragraph of section 363 with respect to minerals or in any of subparagraphs b to e, f.1 and g of the first paragraph of that section, and a transaction concerning a property described in any of paragraphs a to g of section 370 that may reasonably be related to minerals;

Mining Business means the business of exploring, developing, operating and/or investing in mining properties and operations for the production, smelting, marketing and distribution of base metals, precious metals and minerals;

Mining Business means the historical mining business of the Seller in Selebi-Phikwe, comprising, inter alia, the operation for profit of the underground nickel/copper operations, concentrator and flash furnace smelter and associated assets and infrastructure;

Mining Business means the mineral exploration and development business currently carried on by the Corporation and through its wholly-owned subsidiary, Mineworx, the business of partnering with existing mining companies and operators by employing Mineworx’s portable processing technologies;