Mineral Reserves Sample Clauses

Mineral Reserves. Other than as described in SCHEDULE 5.23, no mineral reserves owned by or leased to Seller and included among the Acquired Assets are subject to any agreement, contract or arrangement which imposes any obligation on Seller, and all rentals, royalties, and taxes thereon or other royalties or payments due with respect to such mineral reserves or under such agreements and payable by Seller in respect of periods prior to the Closing Date have been or will be timely, properly and fully paid.

Mineral Reserves. The qualitative and quantitative data regarding proven and probable mineral reserves of the Company included in the Registration Statement, the General Disclosure Package and the Prospectus (i) were derived in all material respects in accordance with the procedures described in the Registration Statement, the General Disclosure Package and the Prospectus and all applicable industry standards, including Industry Guide 7 under the 1934 Act, and (ii) have been determined by SRK Consulting (U.S.), Inc., an independent consulting firm.

Mineral Reserves. The information set forth in the Company's Renewal Annual Information Form dated March 29, 2005 relating to the estimates by the Company and the Subsidiaries of the proven and probable mineral reserves and mineral resources has been prepared in accordance with the Canadian industry standards set forth in National Instrument 43-101 - "Standards of Disclosure for Mineral Projects". The method of estimating the mineral reserves and resources has been verified by mining experience and the information upon which the estimates of reserves and resources were based, was, at the time of delivery thereof, complete and accurate in all material respects and there have been no material adverse changes to such information since the date of delivery or preparation thereof.

Mineral Reserves. Resources, estimated based on level of exploration with reference to threshold value of mineral declared by IBM Level Of Exploration Band-I Band-II Number of holes drilled where ore has been intersected Proved Level (mRL) Number of holes drilled where ore has been intersected Proved Level (mRL) Resource and Reserves within lease may be arrived after applying results feasibility study and economic evaluation of deposits based on various factors such as a) Mining method, recovery factors, mining losses etc b) Cutoff grade, Ultimate pit depth proposed c) Mineral/Ore blocked due to benches, barriers and pillars.

Mineral Reserves. The potash and langbeinite reserve estimates of the Company contained or incorporated by reference in the Registration Statement and the Prospectus are derived from reports that have been prepared and audited by ▇▇▇▇▇▇▇ Associates, Inc., and such estimates (i) fairly reflect, in all material respects, the proven and probable reserves attributable to the Company at the dates indicated therein and (ii) were calculated in accordance with standard mining engineering procedures used in the potash industry and applicable government reporting requirements and applicable law. All assumptions used in the calculation of the potash and langbeinite reserve estimates of the Company contained or incorporated by reference in the Registration Statement and the Prospectus were and are reasonable with (i) the procedures described in the Registration Statement and the Prospectus and (ii) all applicable guidelines and industry standards, including Industry Guide 7, of the Commission applied on a consistent basis throughout the periods involved. ▇▇▇▇▇▇▇ Associates, Inc., which prepared the reports and audits upon which the estimates of the proven and probable reserves of the Company disclosed in the Registration Statement and the Prospectus were based, is an independent mining engineer with respect to the Company and for the periods set forth in the Registration Statement and the Prospectus.

Mineral Reserves. 33 5.24 Correctness of Representations ............................... 34 5.25 Definition of "knowledge"..................................... 34

Mineral Reserves. 21 5.21 Operation in Ordinary Course....................................21 5.22 No Other Representations or Warranties..........................22 5.23 No Warranty of Probable Success or Condition of Assets..........22

Mineral Reserves. The estimated proven and probable mineral reserves and estimated indicated, measured and inferred mineral resources publicly disclosed by ▇▇▇▇▇ and the Gatos Subsidiaries have been prepared and disclosed in all material respects in accordance with accepted mining, engineering, geoscience and other applicable industry practices, and all applicable Laws. To the knowledge of Gatos, there has been no material reduction in the aggregate amount of estimated mineral reserves or estimated mineral resources of Gatos and the Gatos Subsidiaries from the amounts so disclosed, taken as a whole, other than as a result of production activities in the ordinary course.

Mineral Reserves. (a) the proven and probable mineral reserves for the various mineral properties in which Mercator or any of its Subsidiaries holds an interest, as set forth in the Mercator Public Record were prepared in accordance with sound mining, engineering, geoscience and other applicable industry standards and practices, and in accordance with the requirements of National Instrument 43-101, Standards of Disclosure for Mineral Projects and were, at such date, true and correct in all material respects; (b) there has been no material reduction in the aggregate amount of estimated mineral reserves and estimated mineral resources of Mercator from the amounts disclosed in the Mercator Public Record other than as a result of mining operations that have resulted in production of minerals to reduce the aggregate amount of estimated mineral reserves and estimated mineral resources of Mercator from time to time;