the Mining Lease definition

the Mining Lease means the mining lease referred to in Clause 7(1) hereof and includes any renewal thereof and according to the requirements of the context shall describe the land leased as well as the instrument by which it is leased; ” ;
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Examples of the Mining Lease in a sentence

  • Subject to the provisions of Clause 25 and this Clause this Agreement shall expire on the expiration or sooner determination or surrender of the Mining Lease.

  • The Joint Venturers shall pay to the State in respect of all minerals mined or produced by the Joint Venturers from the Mining Lease and used, sold, transferred or otherwise disposed of by them royalties at the rates from time to time prescribed under or pursuant to the provisions of the Mining Act.

  • Subject to the provisions of this Clause the Company shall have the right during the currency of this Agreement to extract in addition to coal but in conjunction with and as part of its coal mining operations minerals other than bauxite from the minesites within the Mining Lease.

  • On the expiration or sooner determination of any mining lease granted pursuant to Clause 21B hereof the land the subject of that mining lease shall thereupon be deemed to be part of the land in the Mining Lease and shall be subject to the terms and conditions of the Mining Lease and this Agreement (other than Clause 21B hereof).

  • Notwithstanding the existence of the Mining Lease the Company may ▇▇▇▇ out and apply for a mining lease or mining leases in respect of any part of the Mining Lease for minerals other than bauxite and coal subject to the provisions of the Mining Act and, subject to subclause (2) of this Clause, the Minister for Minerals and Energy may grant such mining lease or mining leases.

  • Notwithstanding the existence of the Mining Lease the Company may mark out and apply for a mining lease or mining leases in respect of any part of the Mining Lease for minerals other than bauxite and coal subject to the provisions of the Mining Act and, subject to subclause (2) of this Clause, the Minister for Minerals and Energy may grant such mining lease or mining leases.

  • The Company shall, in consideration of the grant of the Mining Lease pay to Government an amount of US$30,000.00 (thirty thousand U.S. Dollars).

  • ASARCO, its successors, or its assigns, and the Custodial Trustee agree to include mutual cooperation provisions in the Mining Lease such that the activities of ASARCO, its successors, or its assigns shall not unreasonably interfere with any cleanup activities by the Custodial Trustee.

  • LICENSOR shall receive an accounting and production royalty, pursuant to the terms of the Mining Lease attached hereto as EXHIBIT "B", for all ores, minerals and concentrates removed and sold from the PREMISES.

  • During the term of this Agreement, or during the term of any extension hereof, LICENSEE may exercise an option to lease the PREMISES pursuant to the terms and conditions set forth in the Mining Lease attached hereto as EXHIBIT "B" and made a part hereof as though set forth in its entirety.