Grasberg Underground definition

Grasberg Underground means the deposit wholly contained within the Grasberg intrusive complex and its contact zone which is the lower portion of the Grasberg orebody and primarily below the final open pit, and is continuous with the open pit reserve, and includes mineralized material on the lower benches of the final pit that were not included in the final pit configuration.” (iii) With effect from January 1, 1998, paragraph 4.2 of the Financial and Accounting Procedures shall be amended by the addition to the end of the sub-paragraph of the following proviso: “provided that nothing in this paragraph 4.2 shall affect the classification of Exploration Costs and costs of any Feasibility Study in each case in respect of Grasberg Underground, DOM and Big Gossan contained in paragraph 1.1J of this Annex and the consequent proportionate sharing of such costs in accordance with the other provisions of this Annex.” (iv) With effect from January 1, 1998, there shall be inserted at the end of and as part of sub-paragraph (i) of paragraph 5.3.1 of the Financial and Accounting Procedures the following: “The following shall be deemed to be Capital Costs of Approved Expansion Projects within (B) above, namely
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Related to Grasberg Underground

  • Underground storage means storage of hazardous liquid in a subsurface stratum or formation of the earth.

  • Underground storage tank system means an underground storage tank and the connected underground piping, underground ancillary equipment, and containment system, if any.

  • Underground area means an underground room, such as a basement, cellar, shaft or vault, providing enough space for physical inspection of the exterior of the tank situated on or above the surface of the floor.

  • Underground storage tank or “UST” means any one or combination of tanks (including underground pipes connected thereto) that is used to contain an accumulation of regulated substances, and the volume of which (including the volume of underground pipes connected thereto) is 10 percent or more beneath the surface of the ground. This term does not include any:

  • Underground mining means all methods of mining other than surface mining.