Mining Terminology D

• Debt financing: Means of raising capital whereby companies borrow money from a lending institution.

• Deck: this is the area around the shaft collar where the materials and workers go in the cage which is then lowered underground.

• Decline: A sloping underground opening for machine entrance from level to level or from surface, this is also known as a ramp.

• Deferred charges: Expenses that were made but not charged against the current year's operation.

• Depletion: An accounting device, used for the most part in tax computations. It distinguishes the consumption of an ore deposit, a mine's principal asset.

• Depreciation: The periodic, systematic charging to expense of plant assets that shows the decline in economic potential of the assets.

• Dip: The angle in which a vein, structure or rock bed is inclined from the horizontal as measured at right angles to the strike.