Mining Reserves definition

Mining Reserves means, as of any date of determination, the proven and probable recoverable ounces of gold ore, as stated in the most recent NI 43-101 and accepted by the Independent Engineer, which are forecast to be recovered from, and produced over the life of, the Project.
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Mining Reserves means for any date, the proven and probable number of Ounces of Gold which remain to be recovered from, and produced at, the Mine as of such date.
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Mining Reserves has the meaning set forth in the recitals hereto.
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Examples of Mining Reserves in a sentence

  • Sellers have made available to Purchasers all documents in their possession relating to title to the Mining Reserves.

  • All Technical Information solely and directly pertaining to the Land and/or the Mining Reserves which (i) is in Seller’s possession, and (ii) Seller is able to readily locate after reasonable effort, it being agreed that, due to the antiquated nature of such data, Seller’s ability to locate Technical Information may be limited.

  • Each Purchaser shall provide copies of all relevant sales tax exemption certificates with respect to the Mining Reserves or the Purchased Assets to Sellers at the Closing.

  • The Land, the Owned Mining Reserves, the Improvements and the Fixtures of the Mines and the Smelter are collectively referred to herein as the "Plant".

  • Except for Taxes referred to in Section 6.6, (i) Sellers have timely paid, or will timely pay, all Taxes that include or relate to the Mining Reserves or the Purchased Assets that will have been required to be paid on or prior to the Closing Date, and (ii) Sellers have made, or will prior to Closing make, adequate provision to pay when due all Taxes that include or relate to the Mining Reserves or the Purchased Assets after the Closing Date pursuant to Section 6.7.

  • Any sales, recording, transfer, use or other similar Taxes or fees imposed as a result of the transfer of the Mining Reserves to OLC, or the sale of the OLC Interests to CLECO and SWEPCO or the Purchased Assets to DHLC pursuant to this Agreement shall be borne by the applicable Purchaser or Purchasers.

  • Promptly and in any event within twenty (20) days of any material change to the estimated Mining Reserves, and no less frequently than annually, deliver to the Administrative Agent, the Technical Agent and each Lender an updated Mining Reserves estimate.

  • Not later than two (2) Business Days prior to the Closing Date, RRMC shall deliver to Purchasers the results of a coal stockpile survey, conducted by RRMC consistent with recent past practices of the approximate number of Tons of stockpiled coal (other than the CLECO Stockpile) that will be included in the Mining Reserves on the Closing Date (the “Closing Date Coal Stockpile Amount”).

  • No Person has the right or obligation to acquire any of RRMC’s ownership interest in the Mining Reserves, other than with respect to those portions of Owned Real Property identified in Schedule 4.10(a).


More Definitions of Mining Reserves

Mining Reserves has the meaning ascribed to such term in Section 2.01(d) of this Agreement.
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Related to Mining Reserves

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Spinning Reserve means the ability to immediately and automatically increase generation or reduce demand in response to a fall in frequency;

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • Proved Developed Producing Reserves means Proved Reserves which are categorized as both “Developed” and “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions.