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By Robert B. Parsons

"1984 was an eventful year in the courthouse f or observers 0/ the mining tax scene in Canada. For the first time in a number of years, the Federal Court heard several important tax cases which pertain directly to the resource industries. Tax Notes discusses/our cases that could affect the taxation 0/ operations and investment in the mining sector.Capital Gain or Income?Ever since tax reform, risk-takers in the exploration business have maintained that the taxation of capital gain s is a significant impediment to raising risk capital. It must be akin to rubbing salt in the wound, then, when an entrepreneur sells shares and the Court upholds Revenue Ca nada taxing the gain as ordinary income instead of capital gain. But, this is precisely what happened in the case of The Estate of Murray Watts, et al. v. The Queen.The issue that had to be decided by the Federal Court, Tri al Division, in this case was whether or not the profit from the sale of shares in Hearne Coppermine Exploration s Limited in 1968 was a capital gain, or income subject to tax.Hearne was incorporated in July, 1967. At that time, the three plaintiff s, together with seven other individuals, subscribed for 400,000 shares at 10 a share. The plaintiff subsequently subscribed for an additional 500,000 shares at $1.A pooling agreement was entered into by all ten shareholders regulating the disposition of any o f their shares; any sale required approval of seven of the ten initial sub scribers. It also provided for the sale of their shares 30 days after any public offering."

Jan 1, 1985

By Felipe Bautista Caldas

El presente texto señala la historiografía y desarrollo del yacimiento Atacocha, ubicado en Yanacancha, Cerro de Pasco. El yacimiento fue construido por distintos mineros desde la época colonial, a excepción de la segunda década, donde se da la firma comercial Gallo Hermanos y se obtuvo minerales de exportación, previo escogido de la mina extraída. Posteriormente se fundó la Compañía Minera Atacocha S.A. y estuvo dirigida por Edgardo Portaro. Su plan de producción buscaba obtener concentrados de plomo, con plata y algo de oro, dado que el zinc no tenía valor comercial hasta 1963. Asimismo, se construyeron plantas de concentradora, centrales hidroeléctricos, trochas ferroviarias, entre otros.

Mar 1, 1980

By L. A. Bellows

The "Athabasca oil sands" of the McMurray formation in northeastern Alberta cover an area of about 21,000 square miles and contain the world's largest reserve of oil. Fort McMurray, a small town in the heart of the oil sands area, is about 235 air miles north- east of Edmonton. A railway serves the town but no year-round roads connect the town with the rest of Alberta. (Figure 1). The McMurray formation is of early Cretaceous age, deposited unconformably on a limestone surface of Devonian age. The sediments appear to have originated from the Canadian Shield to the east and were deposited in bays and deltas of large fresh water lakes. The lakes were later replaced by marine seas in which t the overlying Clearwater shale was deposited. (Figure 2).

Jan 1, 1963

By S. R. Elliott

THE principles of the caving system, as they apply to mining of soft iron-ore deposits, are well known, as this method has been in use for many years. It is, however, necessary to give a general description of it before describing the Athens method. The shaft and surface equipment should be placed at a sufficient distance from the orebody, so that the caving and pulling of the surface will not disturb the operations of the mine. Levels are started at the proper intervals, and when raises are completed, slicing commences at the top of the orebody and progresses downward. The necessary precautions are taken to avoid the occurrence of large open rooms and it is customary to break sufficient capping to form a mat to prevent heavy falls of ground from crushing through to the lower sublevels and endangering the lives of the workmen. Slicing is continued, and when sufficient width and length are undercut, the capping commences to cave, and in time a settlement occurs at the surface. As soon as this caving commences, the pressure on the timber naturally increases; after it extends to the surface, the amount of pressure has a certain relation to the depth. In other words, the pressure increases with the depth, but not in direct proportion. At great depths, such as that found at the Athens, 2500 ft. (760 m.), the pressure might be so excessive that the cost of keeping working places open would be prohibitive. The actual caving of the surface in a deep mine, with a great thickness of capping, is slow and often takes years to accomplish. After sufficient width and depth -have been undercut, the capping starts to break away, but through arching large masses of rock-.fill the opening, support the capping, and retard the continuation of caving. Caving to the surface is, therefore, retarded until either a sufficient thickness of the orebody is removed, or the width and length of the undercut part have been greatly increased. I wish to emphasize this fact of slow caving, for it is on, this principle that the success of the Athens system. largely depends.

Jan 8, 1920

We are advised by Second-Lieutenant Maxwell E. Erdofy, a member of the Institute, and athletic officer of the 602d Engineers, stationed at Camp Devens, Mass., that his regiment, representing all branches of the engineering profession, is in need of athletic equipment and supplies. The regiment will highly appreciate any assistance in the way of financial contributions, or of apparatus and equipment for their athletic needs.

Jan 5, 1918

By Joshua E. Clayton

THIS remarkable gold and silver bearing district is situated on the middle fork of Boise River, in Alturas County, Idaho Territory, about eighteen miles north of Rocky Bar, and sixty-five to seventy miles, as the crow flies, east of Boise City, the capital of the Territory. This district lies in the very heart of one of the most wild and mountainous regions of Idaho. For many miles in every direction nothing can be seen but bold granite mountains, with deep narrow gorges cutting into their sides in every direction, rendering them almost inaccessible except to the hardy mountaineer and adventurous prospector. The mountain sides are covered, in most part, by dense forests of pine, fir, and spruce timber. In every canon there are clear streams of pure running water that empty into the principal forks of Boise River. The only line of approach to this mountainous region at present is from the southwest, by way of Rocky Bar, the county seat of Alturas County, to which place there is a good wagon-road. From thence to Atlanta City, eighteen miles, the road, or pack-trail, passes over the high, steep range that separates the south and middle forks of Boise River. During severe winters this line of approach is closed up by deep snows for months at a time, thus leaving the district isolated, in the bosom of the grand old mountains. The geological formation is granite, of a coarse, friable texture, and in many places is traversed by numerous dikes of syenite, and three or four varieties of porphyry, which cut through the granite in easterly and westerly directions. The metal-bearing veins also have an easterly and westerly trend, but are occasionally intersected by the dikes. The largest number of the gold and silver lodes are confined to a

Jan 1, 1877

By Samer Sadek

The Georgia Department of Transportation (GDOT) undertook an exploratory feasibility study to one of the most ambitious tunneling projects in the United States. HNTB Corporation was retained to perform the study, deemed the Atlanta North-South Tunnel, which is approximately 7 miles long and consisting of four lanes (or six lanes) starting at the southern terminus of SR 400 extending to the south connecting with the northern terminus of I-675, providing substantial relief to the Downtown Connector (I-75/I-85), the most congested portion of Atlanta?s freeway system. This paper summarizes the analysis performed during the first phase of this challenging assignment which, if constructed, would be one of the longest roadway tunnels ever built in the United States.

Jan 1, 1896

By George E. Thackray

In December, 1894, the Cambria Iron Company made a number of heats of Bessemer steel to be used in structures by one of its customers, subject to inspection and tests by a firm of consulting engineers, one of the requirements being that the material should riot exceed .08 per cent. of phosphorus. In other respects the requirements were such that they could only be met by material of good quality; but the general spe cification is not introduced here, as it is not the purpose of this paper to deal with anything except certain difficulties encoun tered in determining the phosphorus-content of the material in a manner satisfactory to both seller and buyer. Preliminary determinations of phosphorus were made in sample-ingots from each of the heats from which material was rolled for the order in question, and these preliminary chemical tests, made in the laboratory of the Cambria Iron Company, showed that, with very few exceptions, every heat was within the prescribed limit of phosphorus. After the material had been rolled, sample-drilling8 of finished material were taken from the various heats in the regular manner in use at the works, these samples being thoroughly mixed and divided into two parts, one of which was analyzed at the works' laboratory and the other sent to the inspecting engineer. Several hundred determinations were made from this mate rial without reaching an agreement between the work of the inspector's chemist and that of the works' chemist; but as it is not the object of this memorandum to treat of this part of the subject at length, it is considered sufficient to present herewith only a few of these first determinations. The analyses given in Table I. are those of the original series made on the heats which were afterwards resampled for final determination by an arbitrator; and they are selected for this reason, as the entire " comparison is thus rendered more complete.

Jan 1, 1896

By R. W. Leonard

A method of accurately determining the value of gold-bearing ores and gravels with a compact field-outfit is much desired by prospectors, especially when the work lies in a district far removed from railways or good wagon-roads. We are all familiar with the fire-assay of gold-ores, and fully recognize its accuracy and value; but only those who have tried to determine the value of a gold-bearing vein as a commercial venture, from fire-assays of selected samples, know how misleading is the information thus obtained, however carefully and honestly the samples may be selected. The reasons are that, for the fire-assay a very small portion of ore is treated (rarely more than six assay-tons, or a little over one-third of a pound), and a minute particle of the precious

Jan 1, 1896

By R. W. Raymond

The relations of Eckley B. Coxe to the Institute, as one of its founders and early Presidents, and, throughout its history, an enthusiastic supporter and a valued contributor, would alone

Jan 1, 1896

By R. W. Raymond

On the 27th day of March last, the day on which the Florida sessions of the last meeting of the Institute began in Ocala, occurred the death of one of its most distinguished honorary members, Bergrath Franz Posepny, of Vienna, formerly professor of the science of ore-deposits in the mining school at Przibram, Bohemia. Prof. Posepny had greatly increased his fame among American mining engineers, besides laying the Institute under special obligations of gratitude, by the elaborate, brilliant and suggestive treatise on " The Genesis of OreDeposits," which he contributed to the International meeting, held at Chicago, in 1893. This essay, constituting the first complete publication of the substance of his course of lectures at Przibram, enriched and perfected by the matured results of his investigation and reflection down to the date of its cornpletion, was a free gift of almost unprecedentecl value to the society which had distinguished him by honorary membership. In estimating the generosity of the author, it must be borne in mind that the copyright of such a work, the fruit of years of study and of practice as an instructor, is of no little value to a European professor, and constitutes one of the legitimate rewards of his (otherwise not highly-paid) labor. Moreover, Prof. Posepny performed under peculiar difficulties

Jan 1, 1896

By William Glenn

In their account of chromium, Roscoe and Schorlemmer (Treatise on Chemistry, London, 1879) state that "In 1762 Lehmann, in a letter to Buffon, de nova minerœ plumbi specie crystalline rubra, described a new mineral from Siberia, now termed crocoisite." In 1786 Lehmann analyzed it (Nicholson's Jour., Dee., 1798) and found that it contained chiefly lead, and that the " mineralizers " were arsenic and sulphur. It was next examined in 1189 by Macquart and Vauquelin, who stated that it contained an intimate mixture of iron, alumina, and lead peroxide. The account of their work was published over the name of Macquart. Vauquelin (Louis-Nicolas) was a Norman peasant, who had studied in the village school, and at the age of fourteen was a laboratory-boy in a pharmacy at Rouen. Later, he found his way to Paris, and in 1789 was assistant to Fourcroy, a pharmacist and a teacher of note. It was here that he met Macquart, with whom he did the work on Siberian red lead, and at this time his friend Cheradame taught him his Latin.

Jan 1, 1896

By J. Volney Lewis

The following paper is based chiefly on work done for the North Carolina Geological Survey, and is presented here by permission of Professor J. A. Holmes, State Geologist. It represents, in a very general way, the field-results obtained during the summer months of 1893, and 1894, and part of 1895; and the portions pertaining to North Carolina are, to a certain extent, abstracts of a report shortly to be published as Bulletin No. 11 of the State Survey. Less emphasis, however, is here laid on the petrographic descriptions of the peridotites, and more detailed treatment is given to subjects pertaining to methods of mining, cleaning, and utilization of the commercial product, corundum. Some of the most extensive fields for investigation which this subject presents have been scarcely more than suggested.

Jan 1, 1896

W. M. Courtis, Detroit, Mich.: Except for free-gold ores, I have always believed in scorification. I think the crucibleassay gives silver low. We found this out at the Wyandotte works in assaying Silver Islet ore. The mine-managers made us, and also the check-assayera, run one of the duplicates by

Jan 1, 1896

Albert Arents, Alameda, Cal.: From Mr. Furman's description of his crucible-assays I infer that he regards iron nails as a necessary or advisable adjunct. Against such a notion I must beg leave to protest. Nails should not be used in

Jan 1, 1896

I;. D. Godshall, Everett, Wash. (communication to the Secretary) : In Mr. Morse's interesting paper several statements occur which seem to require correction and comment. This is the more appropriate, since Mr. Morse has mentioned me by name, and has cited my "Review of the Russell Process,"* so that silence on my part might be taken as indicating an assent which I cannot give. On the first page of his paper Mr. Morse says that the " goingback " of chlorination was " the only difficulty encountered at Aspen," and adds that he has " never seen any explanation " of the cause. The plain inference is that he now fills this complete

Jan 1, 1896

William B. Phillips, Birmingham, Ala.: The analysis of Pratt coal made by myself, and given by Mr. Ormsbee in his paper (p. 113), is likely to mislead the reader as to the real nature of this coal. It represents the very purest coal that I have been able to get, and does not represent the average composition of the lump-coal as prepared for market. I wish it were true that the coal had no more than 2.50 ash and 0.83 sulphur. The analysis of McCalley is nearer the real figures than any of the others. There is no use in giving an

Jan 1, 1896

T. M. Drown, South Bethlehem, Pa.: Mr. Thackray's paper shows in a striking way the high degree of rapidity and ac curacy exhibited by the chemists of our steel-works in ordinary everyday practice. That determinations made in an hour should present only slight differences in the third place of deci male is certainly matter for surprise and congratulation. This remarkable result has been due, perhaps, in part, to a remark able cause. The managers of works, ignorant of all the diffi culties of the laboratory, have demanded "the impossible " of their chemists—and the chemists have done it! Andrew A. Blair, Philadelphia, Pa.: Mr. Thackray's paper is extremely interesting, especially in its bearing on the question of a standard method for the rapid determination of phosphorus in the laboratories of steel-works. Before discussing the re sults in general, I desire to explain the results obtained by me under method A'. This is the method which I have used in the work of the sub-committee on Methods of the Interna tional Steel Standards Committee. It may be described briefly as follows: Solution in nitric acid; oxidation of carbonaceous matter by permanganate; precipitation of phosphoric acid by molybdate solution; reduction of molybdic acid in the reductor, and titra tion by permanganate. This method was used apparently by only three chemists, Dr. Dudley, Mr. Crowell, and myself. In determining phosphorus by this method, among the most essential points to be considered are the ratio of iron to molyb dic acid, or the reducing action of zinc on molybdic acid as compared to its reducing action on iron, and the ratio of molyb dic acid to phosphorus in the ammonium phospho-molybdate obtained by precipitation from the solution of the steel. In regard to the first point, the usually accepted ratio is 1 to 0.90756, or, as it is roughly stated, 0.9076, which is based on the assumed reduction of the molybdic acid to Mo12019,. This

Jan 1, 1896

F. E. Thompson, Pottstown, Pa.: If Mr. Webster's endeavor to open up the subject of cast-iron should prove as prolific of results as did the discussion on " The Physics of Steel," he must certainly feel richly repaid. His remarks concerning the secretiveness and conservatism of the average foundry-man recall to my mind an instance of a blast-furnace which, for the last year, has been producing much foundry-iron. The manager, believing that much more of his product could be used in the foundry than the foundry-men were will-

Jan 1, 1896