Mining Phase definition
Examples of Mining Phase in a sentence
RRF agrees to work in a cooperative manner with DFES throughout Phase 2, refraining from pursuing further challenges to DFES’s Grand County Conditional Use Permit or Utah Division of Oil, Gas & Mining Phase II Permit, provided the company follows through with each of its commitments in the Agreement in good faith.
The Parties shall procure that the Services Agreement provides for the Manager to provide to the Board a management and financial report in respect of the Pedra Branca Project, quarterly during the Exploration Phase and monthly during the Mining Phase, within 20 Business Days after the end of the relevant quarter or month, as the case may be.
Upon completion of the Preliminary Activities Phase, the Site shall be ready for the Production Mining Phase.
In order to be in a position to commence the Production Mining Phase in accordance with Owner's timetable, Contractor understands that the Preliminary Activities and the ordering or leasing of the Equipment necessary to begin Production Mining may need to be commenced prior to finalizing documentation of Owner's project financing for the Project.
Subject to APB having exercised the Feasibility Option, APB shall, by notice in writing delivered within 60 days of the approval by the Board to proceed with formal development of all or any part of the Pedra Branca Project into the Mining Phase (such approval being based on the Mining Feasibility Study), advise AML and the Board whether it wishes to proceed with the obligations required to enable APB to exercise the Finance Option.
In the event that this Agreement is terminated at any time for Owner's default pursuant to Section 17.5 or for Owner's convenience pursuant to Section 17.1 prior to the end of the fifth year of the Production Mining Phase, Contractor shall have the option, and is hereby granted such option, to require Owner to purchase or buy out the leases for all (but not less than all) Equipment provided by Contractor to perform the Work as of the date of such termination.
The Parties shall use their reasonable efforts to procure that the Board approves all Further Work Programmes and Budgets (with such amendments or modifications thereto as may be approved by the Board) in a timely manner and in any event (i) during the Exploration Phase, within 60 days of receipt by the Board of such proposed Work Programme and Budget, and (ii) during the Mining Phase, within 90 days of receipt by the Board of such proposed Work Programme and Budget.
Should the Board for any reason fail to adopt a Work Programme and Budget during the Mining Phase subsequent to the initial Approved Work Programme and Budget during such phase, and subject to contrary direction of the Board and the receipt of necessary funds, the Manager shall continue Operations at levels comparable with the last adopted Approved Work Programme and Budget during such Mining Phase for a maximum period of six months.
Prior to the commencement of the Production Mining Phase of the Work and prior to the beginning of each Contract Year thereafter, Owner shall provide Contractor a proposed schedule that sets forth production requirements for the relevant Contract Year for excavation and transportation of Ore and stripping and removal of Waste from the Pits and re-handling of Ore and Waste, as necessary (each, a "Mine Production Schedule"), pursuant to Section 2.7.