mining partnership

Definition of "mining partnership"
  1. An arrangement where two or more people own a mining claim together and actively take part in the process of mining minerals, with the intention of dividing both profits and losses equally
How to use "mining partnership" in a sentence
  1. A contract was drawn up to form a mining partnership, splitting the profits and losses evenly among the members.
  2. Due to their shared ownership of the mining claim, they were considered to be in a mining partnership.
  3. The mining partnership allowed them to pool resources, work together to extract minerals, and share any resulting financial outcomes.

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