Financial Provisioning definition
Examples of Financial Provisioning in a sentence
Both Tshipi and Mamatwan are in the process of developing conceptual/preliminary mine closure plans in accordance with the New Financial Provisioning Regulations, 2015 that are anticipated to come into effect from February 2020.
Financial Provisioning any security, financial assurance, contribution and/or surety required to be provided to the State, the Scheme Manager and/or any other Governmental Agency in respect of a Tenement and/or an environmental authority for a Tenement under the Mining Act and/or the Environmental Act, including the ERC Amount.
If the Financial Provisioning cannot be replaced, the Buyer must obtain and provide to the Seller a bond or guarantee in favour of the Seller on terms reasonably acceptable to the Buyer and the Seller, in the equivalent amount in favour of the Seller from a financial institution approved by the Seller.
Mining Act Mineral Resources Act 1989 (Qld), and if the context requires, the Mineraland Energy Resources (Common Provisions) Act 2014 (Qld) and Mineral and Energy Resources (Financial Provisioning Act) 2018 (Qld).