mining right

mining right

[′mīn·iŋ ‚rīt]
(mining engineering)
A right to enter upon and occupy a specific piece of ground for the purpose of working it, either by underground excavations or open workings, to obtain the mineral ores which may be deposited therein. Also known as mineral right.
References in periodicals archive ?
The Department of Mineral Resources and Energy (DMRE) has approved mining rights worth R4 billion for Orion Minerals."The DMRE has approved a mining right for Orion Minerals, paving the way for the development of a R4 billion copper-zinc project in the Northern Cape," said the DMRE on Thursday.
Now it owns the mining rights of 'WAU Gold Mine' (ML289-291), and the mining right will be renewed by priority until July 2025.
(Alliance News) - URU Metals Ltd on Friday said the mining right application for the Zebediela nickel project in South Africa has been accepted.
This constitutes approval and grant of the Mining License applications, subject to Kibo remitting all required statutory payments related to the issuance of a Mining Right.
He also underscored greater transparency in the award of mining contracts, while leasing out mining right to contractors.
In a first-ever for South Africa, South Africa's largest black-empowered mining company, Exxaro, today (EDS: 1 May 2019) announces the consent granted by the Minister of Mineral Resources in terms of section 11 of the MPRDA for the cession of the mining right for its Arnot coal mine to a Consortium which will benefit its former employees who had been retrenched following the expiry of the coal supply agreement with Eskom in 2015, which ultimately lead to the closure of the mine.
'But that's something that I want to make public this week from MGB, how many instances they have fined the mining company that has the mining right in the area where we had the landslide, and what steps they took to enforce the fines,' he added.
Afarak Group (HEL:AFAGR)(LSE:AFRK), a specialist alloy producer, announced on Wednesday that its application for a new order mining right on its Vlakpoort site has been granted by the Department of Mineral Resources (DMR) in South Africa.
Located in South Africa, New Largo's principal asset is the 585-million-metric-ton coal resource, with the related mining right, that is well-positioned to supply Eskom's new Kusile power station.
(TSX.V: SCZ) has acquired the exclusive five-year mining right from Mexico-based mining corporation Grupo Mexico to explore, develop and mine the silver-zinc-lead-gold vein structure in Membrillo, the company said.
As consideration for the Exclusive Mining Right, Grupo Mexico will receive an annual fee of USD60,000 from the company and has been granted a 3.0 percent net smelter returns royalty on any mineralised material from the Membrillo Vein that is mined and milled or otherwise treated for the eventual sale of the contained metal.
South Africa's Department of Mineral Resources (DMR) and Ivanhoe Mines jointly announced in early November the finalization of the mining right for the development and operation of the Ivanhoe's Platreef mining project on the Northern Limb of the Bushveld Complex.

Full browser ?