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By Leonard L. Fischman

It is important to define "adequacy," and the most useful definition is a continuing availability of mineral materials under cost and other conditions which imply no significant burden on the achievement of otherwise attainable levels of consumption and well-being. For current decision making, it is sufficient to consider adequacy just to the end of the century, with some regard being given to then remaining mineral inventory. A comparison of cumulative demand projections to the year 2000 with already identified reserves ( economically recoverable amounts in known deposits) suggests little reason for concern with world adequacy of iron ore, aluminum, manganese, chromium or potash. Conservative estimates of "prospective" reserves (amounts producible at today's prices, but yet to be discovered) suggests that there are ample quantities of virtually all other mineral resources as well. A probable exception is oil and gas, of which there may be scant amounts remaining after the turn of the century. However, there is an evident sufficiency of substitute forms of energy, though it is difficult to see just where developing technology will take us. The critical questions have to do with the increasing dependence of the industrialized countries on external sources of supply , coupled with a new international politic s which complicates the problem of insuring timely development of, and access to, remaining deposits. In this context, Canada, a still mineral-rich nation, is in one of the more favorable positions.

Jan 1, 1977

By L. Frost

Physical Conditions Great Britain The physical conditions in the mines investigated in Great Britain are similar to those found in the mines of the Dominion Steel and Coal Corporation, with the important difference that many of the coal seams visited were interspersed by a large number of heavy faults, making the development of a continuous face operation difficult, and in many cases the life of a unit development was exceptionally short, adding to unit cost; but in spite of these difficulties, a great deal has been accomplished in the application of mechanical loading units in a number of the mines in the areas visited. The coal-bearing measures, as in Nova Scotia, consist of shales and sandstones, and in some sections mussel bands overlie the coal seams making roof conditions difficult'. In several mines, the main roof consisted of weak shale bind, being held by a coal roof of varying thickness. This shale bind had a tendency to flow when the coal roof was broken. The floor, in some cases where cutter loaders were operated successfully, consisted of weak, flaky shales with very little resistance and a tendency to disintegrate into powder when broken. The depth of cover under which these mines were operating varied from 250 feet to 2,340 feet, with an average of 1,700 feet. The coal seams varied in height from 3 feet to 8 feet 6 inches, and the gradients from level to 33 per cent. The seams vary in hardness, but all-with the exception of one seam, the 'Morrison Busty'- presented a cutting problem similar to that found in Nova Scotia. The structure and cleavage of the coal was well defined and uniform. Some of the seams visited were gassy, ?but the temperature of the workings generally was not in excess of 70°F.

Jan 1, 1948

By Michel Grenier, Robert Scott, Mahendra Gangal, Andrew Dasys

This research project which took place at Brunswick Mining and Smelting's Brunswick mine, was undertaken to assess the ability of new diesel engine technology to meet current and anticipated underground worker exposure limits to diesel exhaust contaminants. Concentrations of CO, CO2 NO, NO2 SO2 and respirable combustible dust (RCD) were measured in a remote mine area where a haulage truck was operating under simulated duty cycles. The 26 ton haulage truck was equipped with a 300 hp, electronically controlled engine. Fresh air was supplied to the area as per the MSHA certification document for this particular engine. Results showed that while the vehicle operated in a normal and realistic duty cycle, the concentrations of contaminants remained well below the ACGIH guidelines for the threshold limit values (TLV)for exposure. While operating at 630/0 of maximum horsepower (26 tons of ore in the dump), the time-weighted average exhaust gases concentrations (CO, CO2 NO, NO2 and SO2) never exceeded 150/0 of their respective TL Vs. ReD concentrations in this instance were measured at 0.59 mg/mJ or 39.30/0 of the exposure limit suggested by the Canadian ad hoc Diesel Committee. The Air Quality Index was 1.55 or 520/0 of the maximum suggested value for exposure.

Jan 1, 1994

By G. F. Carr

"IntroductionFLUORSPAR has been found at several •localities in Newfoundland, but all the commercial deposits discovered to date are in the vicinity of St. Lawrence, a town on the southeast coast. Most of the veins are within six miles of St. Lawrence harbour, and between sea-level and an altitude of 400 feet. The St. Lawrence Corporation of Newfoundland, Limited, and Newfoundland Fluorspar, Limited, a subsidiary of the Aluminum Company of Canada. Limited. are the two producers.With the arrival of 1953, the St. Lawrence area entered upon its twenty-second •consecutive year as a producer of fluorspar. Production has increased more or less steadily during this period, as is shown by the fact that approximately one-half of the total shipments to date have been made during the past six years. Between four and five hundred men are employed by the industry, and more than $1,250,000 was paid out in wages and salaries during 1952. Shipments during that year reached an all-time high of 81,283 tons valued at $2,484,943, compared with 67,925 tons valued at $1,966,477 in 1951 (1).As a result of an agreement made in July, 1952, with the United States Defence Materials Procurement Agency, production of the St. Lawrence Corporation, Limited, and St. Lawrence Fluorspar, Incorporated, an affiliated company, will •be increased by .approximately 50,000 tons of acid-grade fluorspar per year. The contract extends over a period of four years, or until 150,000 tons of acid-grade concentrates have been produced."

Jan 1, 1954

Despite the fact that mined minerals and gemstones have allowed human beings to continuously improve their standard of living throughout the ages, mining has also been implicated in violent conflict for two principle reasons. The first is that mineral resources have been used or traded to conduct or finance violent conflict from small to large scales. The second is the substantial social, economic and environmental changes that occur in a community or a region as a result of mining activity which can either precipitate or re-awaken latent conflict. A modern complication of mining-related violent conflict is the trend for activists, international NGOs and intergovernmental organisations (e.g. the United Nations) to regard any human consequences of resource extraction in terms of Human Rights violations. Acknowledging but not labouring the Human Rights implications of mining-related violent conflict, this paper explores whether or not there is a relationship between the actual or perceived value of mineral resources and the level of violence that occurs in mining-related conflicts. Key to the investigation is a mapping exercise of mining related conflict from 2005 ? 2012: to see where mining related conflict is happening; to identify precipitant causes of mining related conflict; and, to discover what correlation ? if any ? there might be in the degree of violence and the value of the mineral(s) implicated. Findings of the analysis are presented in this conference paper.

Aug 1, 2013

By C. M. Campbell

The Inconceivable Wealth propaganda goes on apace. Premier King, at Vancouver, has stated that we still have, untouched, natural resources, "beyond the wildest dreams." Principal Currie, in an address before the Canadian Society in New York said that Canada's resources, "are as yet merely scratched and it is not possible to compute her almost fabulous natural wealth." Mr. Meighen, in the last election campaign announced that, "under the providence of God, Canada is more richly endowed, perhaps, than any other country in the world." Four years ago a despatch was sent to Premier King "on behalf of" this Institute advising him that "Inconceivable Wealth" in minerals in this country was assured. This was made as a statement ~f "incontrovertible fact." Specifically, this despatch stated that this wealth was on such a scale that the mining industry would in the future lead all others in this country. This inventory is still in effect as far as this Institute is concerned.

Jan 1, 1926

By C. O?Connor

With ever-increasing global demand for mineral resources, numerous mines are moving towards developing and mining deeper, more complex and lower grade ore bodies. In many cases, mass mining methods (e.g. block caving) are being considered to deal with deeper, lower grade deposits. The body of practical knowledge, however, related to the impacts mass mining methods have on the surface environment in terms of rock mass response, subsidence, etc., is limited, imposing both economic risks to the mine and safety risks to mine personnel. This paper presents the framework for and preliminary results from a large collaborative research initiative between Diavik Diamond Mines, Rio Tinto, the University of British Columbia (UBC) and Simon Fraser University (SFU). The project involves the integration of available subsidence, rock mass, mine operation and monitoring data, together with the advanced application of combined finite/discrete-element modelling codes capable of simulating fracture behaviour, cave propagation and surface subsidence above block cave mines. The main objective of this work is to develop advanced numerical modelling methods to characterize complex rock mass behaviour above block cave mines. The research will also include the study of rock deformation mechanisms associated with the transition from surface to underground mining and the potential interaction between simultaneous open-pit and underground mining operations.

May 1, 2007

By W. D. Haley

The report of the Forestry Committee, presented to the recent Imperial Conference at London, is discouraging in its view of the future of timber resources and supplies. From a review of the forestry situation throughout the world, there is every likelihood that, thirty years from this, a shortage of the soft-woods will be severely felt. In the United States, only about one-third of the present forest area contains virgin timber. This will be cleared at the rate of five and a half million acres a year, so that in twenty-five years it will be about all gone. Canada has only about 27 per cent of her original forests left, and her virgin soft-wood will last but another half century. At the present time, the value of her lumber products is over $300,000,000 annually. During the summers of 1909 and 1910, the Government of Nova Scotia caused an examination to be made of the forest conditions in this Province. The reconnaissance, which was under the direction of Professor B. E. Fernow, of Toronto, involved an examination of the various soils, the rate of growth of the wood, and a general survey of the forest area. The importance to the Province of conserving its forest resources was clearly shown, and a number of recommendations were made, which; however, were never acted upon.

Jan 1, 1927

By Timo Heikkinen

We have read, with great interest, Mr. Crocker's article on "Recent Trends in Autogenous Grinding," published in the October issue of The Canadian Mining and Metallurgical Bulletin. Referring to our paper, "Two-Stage Autogenous Grinding Investigations at Outokumpu," we can now report that last August we changed to this method at the Keretti concentrator. Prior to the conversion, the Keretti plant (see flow-sheet, Figure 1) had two primary rod mills, 6 ft. in diameter and 12ft. in length, in open circuit, followed by four secondary 9-by 12-ft. pebble grate mills in closed circuit with rake classifiers. Last summer, wl1en the Since August, grinding has been successfully carried out autogenously in two stages, with two mills being employed in the primary stage and four in the secondary. The size of the pebbles in the secondary mills is about the same as earlier -l V: i to 3 inches (Figures 4 and 5). Also, we generally prefer two-stage grinding to single-stage grinding because, in the former,

Jan 1, 1964

By A. M. Esteves

This paper offers an overview of local content policies and practice in the mining sector. Specifically, the paper aims to answer the question of how national and regional governments, industry and civil society can work together to seek an optimal outcome while pursuing their diverse objectives. The paper begins by defining local content and its scope at the subnational level. Specific recommendations for the design of local content policies to mitigate social, economic and governance risks are developed. The document then offers some recommendations regarding the role of partners in design, implementation, monitoring, and enforcement of local content policies.

Aug 1, 2013

By M. J. Michaud, M. J. Lavigne

"A cornerstone of any successful mining project is an understanding of the mineral assemblage and metal distribution comprising the deposit. Knowledge of the precise mineral/ metal zoning enables an operation to utilize different mining and processing methods optimized for different parts of the deposit. The Lac des Iles mine, located in northwestern Ontario, is one operation that depends on a good understanding of these issues. Current resources for the Roby Zone total 94.1 Mt grading 1.66 g/t Pd, 0.18 g/t Pt, 0.14 g/t Au, 0.062% Cu, and 0.053% Ni.The Roby Zone occurs within the gabbroic portion of the Lac des Iles intrusive complex and consists of three compositionally and texturally different ore types with variable PGE, base and precious metal contents. PGE occur as sulphides and bismuthotellurides in net-textured sulphides, coarse sulphide blebs and as finegrained inclusions within secondary silicates.Knowledge of the precise mineral/metal zoning has directly and indirectly improved several operational aspects, including resource modelling, mining, and processing. For example, metallurgical recoveries have been increased by up to 3% to 5% and concentrate grades have increased by up to 100%. IntroductionLac des Iles Mines Ltd., a wholly owned subsidiary of North American Palladium Ltd., owns and operates a 3000 t/d open pit mine and concentrate facility, located 100 km north of Thunder Bay in northwestern Ontario. The Lac des Iles PGE-gold-copper-nickel mine has been in commercial production since 1993 and in 1997, produced 1.8 million grams of palladium, 127 000 g of platinum, 114 000 g of gold, 438 000 kg of copper and 354 000 kg of nickel (North American Palladium Ltd., 1998).Under the Industrial Research Assistance Program (IRAP), a two-year study of the mineralogy of the Roby Zone was undertaken with a goal of improving the profitability of the mine. Geological mapping, petrography and geochemistry of the Roby Zone were completed during this study. Utilization of the detailed mineral/metal zoning identified as part of this study was implemented at the mine and shown to positively impact many operational aspects including mining and processing."

Jan 1, 2003

By Sanjeeva Latchireddi

"Deteriorating ore grade and high demand of metals has tremendously influenced the unit capacity of SAG mills. Pebble circuits have been added to the existing SAG circuits to increase their unit capacity. To make the pebble circuits justifiable, the grate openings are increased almost to 4.5 inches to draw large quantity of pebbles. The inherent transportation problems associated with SAG mills in closed circuit with pebble fraction are more complicated than the single stage SAG mill operation, because the coarse pebbles behave significantly different to that of slurry in pulp lifters. In addition, operation of mills at higher speed, to take advantage of precise design of high release angled shell lifters significantly reduces the discharge efficiency of the conventional pulp dischargers. The presence of a sizable quantity of pebbles in the pulp lifter limits the space available and reduces the flow gradient through the grate thus increases the load inside the mill and hence the mill power-draw. This paper analyses all the problems associated in discharge of slurry and pebbles in SAG mills with pebble circuits. The Outokumpu patented Turbo Pulp Lifter (TPLTM) aims at eliminating the inherent material transport problems to ensure good grinding conditions. Recent installation of TPLTM in a 26-ft SAG mill has proven these claims by reducing the specific power consumption while increasing the mill capacity.INTRODUCTIONThe conventional wisdom is to look at the semi-autogenous grinding (SAG) mill as just another grinding mill in which ball charge, mill filling, and mill speed are varied to attain maximum throughput. Liner design for the SAG was also approached more from a wear perspective rather than a metallurgical and hydraulic-flow perspective. The extensive research work carried out by Latchireddi and Morrell (1997,2003a and 2003b) has demonstrated to think of the SAG as more of a pump in which the grates and pulp discharger end (“impeller”) were designed to efficiently discharge the product sized particles smaller than the grate size with minimal recirculation out of the mill.The rock load in the mill is essentially depends on ore characteristics and the discharge rate of broken particles. The discharge rate of the product material depends on how efficiently the discharge pump (grate and pulp lifters) is operating. Similar to the impeller design affecting the pump capacity, the pulp lifter design affects the discharge capacity (or mill throughput) of the SAG/AG grinding mills. The general arrangement of AG/SAG mills discharge system is shown in Figure 1."

Jan 1, 2007

TRE ? worldwide leader in InSAR ? Spinoff of Polytechnic University of Milan ? Numerous patents for cutting edge technology (e.g. SqueeSAR?, PSInSAR?) ? Focus solely on InSAR with over 13 years experience ? ISO 9001 quality certification ? Powerful scalable parallel processor to handle all jobs What can InSAR provide for mining? An advanced suite of tools for monitoring ground deformation over mine sites: ? Deformation maps ? A dense network of measurement points ? Time series ? Cross sections of surface profile evolution

Aug 1, 2013

The introduction consists of back-ground information, of an historical and statistical nature, relating to the Thompson mine. The geological presentation is based on illustrations that are intended to provide a progressively closer look at the ore occurrence. The illustrations consist of an index map, a geological map of a 15-by 85-mile area including the Thompson mine, a series of four maps dealing with the geophysics and geology of a 6-by 4\f.j-mile area at Thompson, a mine level plan and corresponding section, two sto11e 11lans and corresponding sections, and photo-graphs and photomicrogra11hs of the various one types. T HE Thompson mine is located about 400 miles due north of Winnipeg. The ore deposit was dis-covered in February, 1956. Five years later on March 25, 1961, the Thompson production facilities were officially dedicated with the shearing of the first nickel produced at the Thompson refinery. Full production, at an annual rate of more than 75,000,000 lbs. of refined nickel, was attained later in the year.

Jan 1, 1963

By Manish Kumar Jain

The mineral industry in India is an important contributor to the country?s GDP and foreign trade, and also a significant source of employment generation. The industry is distributed almost all across the country and has operations in some of the remotest areas, where it has also served as a sole source of infrastructure development. India produces 89 minerals, out of which four are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals. The mining leases are occupying about 0.21% of the total land mass of the country. Indian mining industry is characterized by a large number of small operational mines (approx 3000 mines). Appropriate systems have been put in place to ensure sustainable growth of the sector, which include formulation of procedures for scientific prospecting and mining and development of a mechanism of prior environmental and forest clearances for mining projects. Main emphasis is to protect the health and safety of mine workers, as well as to safeguard the interests of indigenous people through rehabilitation and resettlement packages. Efforts are under way to mainstream the artisanal and small-scale mining sector in order to promote equity in the mining industry. The issue of scientific closure and reclamation of the abandoned mine sites poses a major challenge. Present paper illustrated several initiatives have been taken in this direction along with case studies, which could be replicated in other parts of the country.

Aug 1, 2013

By D. S. Campbell

THE chief factors influencing the decision to build the Big Missouri mill underground were the topography of the country and the climate. The location underground assured certain saving in the cost of operation, such as the hearing of the mill, shovelling snow, and handling ore, which, over a period of time, would offset the greater initial cost of the mill excavation and machinery installation underground, as compared with the cost of a like plant on the surface. At Gilman, Colorado, where conditions are somewhat similar, the Empire Zinc Company, at their Eagle mine, are treating their lead-zinc ore in a mill built entirely underground. Company officials made a study of this plant before proceeding with the mill at Big Missouri. LOCATION, CLIMATE, TOPOGRAPHY The Big Missouri mine is situated on the Upper Salmon river, 22 miles north of Stewart, B.C., which is at the head of Portland canal, a narrow natural channel which penetrates 100 miles inland from the coast into the Coast Range mountains. Stewart, the distributing centre for the district, is about 600 miles north of Vancouver. The Big Missouri claims lie on and down the sides of the Big Missouri ridge, which extends north and south between the Salmon River and Cascade Creek valleys. The ridge rises to an elevation of 3,600 feet, is about half a mile wide, and to the east slopes down to the Joker flats in Cascade Creek valley. The Big Missouri camp is located on the flats at elevation 2,800 (see Figure 1). Preliminary development of the property took place from this point with an adit driven under the ridge. The western side of the ridge slopes steeply down to the Salmon glacier at elevation 1,900. Ore found on the 2,850 level extended down, and, in order further to explore the ore-body, the 2,850 level was driven through to the west side of the ridge, a surface incline tramway was built, and a lower tunnel driven at elevation 2,350, five hundred feet below the original 2,850 level, from the west side of the ridge. This tunnel development avoided the necessity of sinking, which would have been costly, as the mine makes a great deal of water (see Figures 1 and 2).

Jan 1, 1938

By A. J. Monhemius

"The paper reviews the history of modern iron control processes in hydrometallurgy. Particular attention is paid to the processes developed in the 1960s by the electrolytic zinc industry for the removal of iron from zinc sulphate leach liquors - namely the Jarosite, Goethite and Hematite processes. Problems faced by the industry in the safe disposal of the iron residues produced by these processes are discussed. The lessons learnt over the past half century by the zinc industry are projected on to the current efforts to develop hydrometallurgical processes for the treatment of copper sulphide concentrates. It is argued that any attempt to create a “hydrometallurgical copper smelter” is doomed to ultimate failure, unless and until methods are developed that can recover iron from solution in a form that can be directly utilised by the steel or pigment industries.INTRODUCTIONYou suddenly realise that age is catching up with you and that technology is moving on apace when you are asked to talk about the history of a process or a technology that you’ve grown up with. Such was my reaction when, out of the blue, I received an email last year from the chairman of the CIM’s Historical Metallurgy Committee, asking me if I would give a talk on the early developments of iron control in hydrometallurgy. Once I’d got over the initial shock of realising that I had now become living history, I was of course flattered that the invitation was to give a talk at the prestigious IMPC, a conference series that has been going for as long as I have been in the business. That this particular IMPC was to include the 4th Symposium on Iron Control in Hydrometallurgy, made the invitation even more appealing and appropriate, because I was the co-chairman of the First Symposium on Iron Control, together with my old friend, John Dutrizac (known by many as Dr Jarosite), which was held 30 years ago in Toronto.first became involved with iron at the very start of my career in hydrometallurgy – the research topic for my Masters degree thesis at UBC, back in the mid 1960s, was “Reductive leaching of Goethite with SO2”. My thesis supervisor was the late Professor Ian Warren, who himself was a protégé of Professor Frank Forward, one of the founding fathers of modern hydrometallurgy. Little did I realise at that time, now 50 years ago, that the problem of iron and how to deal with it in hydrometallurgical processes would be a theme that followed me throughout much of my 40-year career in academia."

Jan 1, 2016

By E. R. Weltevreden, C. Klauber, C. Vernon

"In this paper a review of the current status in recycling technologies for cathode ray tubes is given for both the glass and phosphors. Particular emphasis is placed on the opportunities for the recovery of the rare earth elements (REE) from the phosphor coatings. This is placed in the market context of alternative virgin sources and some of the advantages and disadvantages for REE waste recovery. Future opportunities are explored and also some experimental detail on a low cost leach system is presented. INTRODUCTIONThe disposal of cathode ray tube (CRT) based colour televisions has accelerated world-wide with the development of high definition flat screen panels. The total number of colour CRT televisions that have been sold in the United States in the mid-20th century is estimated to have been over 2 billion (U.S. Environmental Protection Agency, 2007), with high current rates of disposal. It is estimated that of the 20 million televisions annually discarded, 78% are send to landfill (Nnorom, Osibanjo & Ogwuegbu, 2011). However, this easily accessible item of electronics cannot only be turned into a valuable resource using the right recovery procedures, it can also prevent the substantial environmental contamination arising from improper disposal. In this review we focus on previous and current work performed on the recycling of CRT based televisions. Due to the increasing demand for rare earth metals, the main focus will be on the possibilities and challenges of recycling the fluorescent phosphor powders on the CRT’s panel glass.CATHODE RAY TUBE’S GLASS RECYCLINGConventional cathode ray tubes consist of three main parts, the panel, the funnel and the neck (Figure 1). To produce the different colours on the screen, the inside of the panel is coated with a matrix of hundreds of thousands of small phosphor dots. Each dot is one of three types of coloured phosphors, emitting either red, green or blue light. These emit light when excited by a beam of electrons generated by electron guns located in the neck of the CRT. These beams pass through holes in the shadow mask and excite the phosphor coating on the inside of the panel, to give light of variable RGB composition, see Figure 1."

Jan 1, 2012

By B. Tanda

A process has been developed at Curtin University whereby glycine is used in an alkaline environment to leach gold, silver and copper from their ores, concentrates, process intermediates and wastes. Copper mineralisation investigated includes various oxides, sulfides and native copper. The leach process utilises an oxidising environment such as oxygen. Glycine is a non-toxic, non-volatile, edible, low cost reagent which is produced in large industrial quantities for use in several industries. Glycine and its copper and precious metals complexes are stable over wide pH, Eh and temperature ranges. Other than losses in leach residues, the glycine is recovered and recycled for leaching. Iron dissolution is insignificant in the pregnant leach solution. Iron in pyrite remains unaffected, whereas iron associated with base metal sulfides (e.g. chalcopyrite and bornite) is converted to a readily filterable iron hydroxide. Efficient separation of copper by solvent extraction and conventional electrowinning has been shown to be feasible for a number of organic extractants, whereas gold and silver glycinates adsorb very well onto carbon allowing CIP/CIL/CIC (carbon-in-column) based processes. The process is ideal for ores containing acid-consuming gangue, concentrates with high arsenic or halide contents and for copper-gold ores with significant sulfide mineralisation. The process eliminates many of the problems associated with the processing of copper-gold-silver ores, such as elemental sulfur formation, silica gels, unwanted metal co-dissolution, and jarosite precipitation. The reagents used and process residues are much safer and environmentally benign than conventional process options. The processing technology can be applied to in-situ, heap and vat, or agitated tank leaching at temperatures ranging from ambient to below 100?C at atmospheric pressure and is currently being commercialised. This paper will focus on copper leaching and recovery and iron rejection from a chalcopyrite flotation concentrate.

Jan 1, 2016

By Karl J. C. Harries

"6.1. INTRODUCTIONThis chapter comments on some of the more common types of agreements related to property examination and acquisition, other than the farm-in/joint venture agreement or common undertaking, which is dealt with in the next two chapters. Many of the comments made in Part IV of Chapter 4 apply equally to any such agreement. In addition, many of the comments in Chapter 8 and the examples in Volume II are most certainly relevant to many other types of agreement.6.2. RIGHTS OF FIRST REFUSAL1A right of first refusal is a right that obligates an owner to offer his property, or an interest therein, to the holder of the first right if the owner intends to sell or otherwise dispose of it. It may be triggered either by the owner wishing to offer his property for sale or by receipt of a bona fide offer to purchase his interest from an “outside” third party. The mechanics and procedures to implement a first right should be set out clearly in the agreement, and their basics are the same, whether the first right is a stand-alone document or is part of an acquisition agreement.2Rights of first refusal are common in agreements to permit some control over the disposition of an interest and there they can be a valuable provision. However, some explorationists feel that they are also a good stand-alone agreement to have while a property is being evaluated to decide whether or not it is worth optioning. The reasoning is that such an arrangement will tie up the property to allow a quick look and, if the property looks interesting, the balance of the term of the first right will give an ample exclusive period of time to negotiate with the owner and settle an acquisition agreement. In addition, the explorationist is protected by the first right if the owner decides to negotiate a deal with another party."

Jan 1, 2003