Ilo Smelter definition

Ilo Smelter means the copper smelter located in Ilo, Peru, including, without limitation, the essential buildings, structures and equipment and the process and other concessions relating thereto.
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Ilo Smelter and "Ilo Refinery" in their entireties and substituting in lieu thereof the following new definitions:
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Related to Ilo Smelter

  • smelter means an electrolytic reduction plant for the conversion of alumina to aluminium using alumina produced from bauxite;

  • Minerals means mineral or minerals as defined in The Mines Act 1952.

  • Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less successively: (i) the cost of transportation of such Product to a smelter or other place of treatment, and (ii) smelter and treatment charges;

  • Mineral means gas, oil, and coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fissionable and nonfissionable ores; colloidal and other clays; steam and other geothermal resources; and any other substance defined as a mineral by a law of this state.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);