Special Mining Lease definition
Examples of Special Mining Lease in a sentence
It is hereby agreed and declared that it is the intention of this Special Mining Lease that the lands which are from time to time the subject matter of this Special Mining Lease shall contain the estimated tonnage of mineable bauxite necessary to meet the bauxite requirements from time to time of the Lessee at the present production capacity of 4,500,000 dry metric tons per annum for twenty-six (26) years (hereinafter called the “Bauxite Reserves”).
In the event that the Holder transfers the Special Mining Lease to a third party, in accordance with the Mining ▇▇▇ ▇▇▇▇, the transferee shall be deemed to have assumed all rights and obligations of the transferor under this Agreement.
After extensive community consultation, the Joint Venture was issued with a Special Mining Lease in 1995 and later that year, Lihir Gold Limited (LGL) acquired the Lihir Joint Venture Project.
Commencement of Commercial Production means the last day of the calendar month in which for the first time the Refinery treats nickel and cobalt ore from the Special Mining Lease at an average daily rate over the month equivalent to 80% or more of the target rate set out in the Feasibility Study.
Subject to the exclusions listed in this clause, this Agreement will only apply to Moltoni ▇▇▇▇▇ Group Ltd and its employees engaged in the construction and demolition activities, specified in schedule 4, on the Alcan Expansion Project (“Project”) at ▇▇▇▇, Northern Territory and specifically to Special Mining Lease 11 (“scope of works”).