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mine development

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mine development [′mīn di‚vel·əp·mənt]
(mining engineering)
The operations involved in preparing a mine for ore extraction, including tunneling, sinking, crosscutting, drifting, and raising.


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In terms of its four mines at the Ying Mining District, Silvercorp says mining, development and exploration are proceeding as planned at the Ying Mine, while at the TLP Mine, the company has decided to suspend TLP mine development and exploration “to preserve capital due to current fragile market conditions and the lower grade nature of the project.
The agreement also clarifies procedures for both parties as the mine development advances.
LKA views this initial transaction with PanAmerica, possibly the first in a series of similar transactions, as an attractive means of financing certain start-up production costs which include equipment, mine development expenses as well as ongoing obligations incurred prior to quarterly ore shipments/sales.
 
 
 
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