Home > Term: forfeiture
forfeiture
Penalty incurred in accordance with governing laws and regulations when mining concessions, claims leases, rights, are not adequately, safely, and consistently developed and exploited. Compare: abandonment
- Besedna vrsta: noun
- Industrija/področje: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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- ed.young
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(Milwaukee, United States)