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By Karl J. C. Harries

"8.1. INTRODUCTIONThe purpose of this chapter is not to provide precedents or examples of provisions, but rather to offer some comments that may be worth considering in the negotiation or review of an agreement. These comments are not intended to be exhaustive. It must also be noted that, although the chapter is written in the context of a common law joint venture, the concepts and concerns for the most part apply equally to a corporation that is owned by only a few shareholders for the purpose of participating in the project held by the corporation.The corporation has the advantage of having much of its organization established by local corporate law, but the particular wishes of the shareholders will appear in a shareholders’ agreement. The principal differences will be surprisingly small, save for the acquisition provisions that appear in a farm-in agreement1 and the substantial portion of the joint venture agreement devoted to creating and organizing the joint venture entity. Where the joint venture agreement refers to venturers and committees, the shareholders’ agreement will refer to shareholders and the board of directors, but both will have to deal with such basic matters as decision-making, default, dispute resolution, first refusals, funding, and carrying out work on the project. For convenience, this chapter usually refers to “venturers”, which may be taken to include shareholders.Negotiations give rise to many varying circumstances and concerns, and the main asset of the negotiator is an open and flexible mind. A desired result can often be accomplished indirectly in circumstances where the other side has adopted an inflexible position on a suggested approach. As precedents and standard forms tend to focus a negotiator’s thinking, they can be counterproductive. It is after the deal has been agreed to that a precedent can be of great assistance to the draftsman.The concepts are arranged in alphabetical order for convenience, not to suggest their sequence or position in an agreement or their relative importance. An agreement should adopt a progression of subjects in what the parties consider a logical sequence to read and work with. However, experience has indicated that it is best to set out in a single article the substance of the deal (i.e. the terms relating to the farm-in and what the acquiring party has to do to acquire his interest), preferably near the beginning of an agreement. The acquisition of the interest is, after all, the first order of business. The joint venture provisions will then follow in a reasonable sequence. It is also worthwhile to devote a single article to any special provisions that may apply during the earn-in period. For example, it may be provided that, although all work is to be done by the acquiring party as operator (with the duty of care, liability, and reporting requirements as set out in the joint venture sections of the agreement), but during the acquisition period, the acquiring party, acting as operator, may be at liberty to do such work as he wishes, without the need for any committee or other approvals, and committee meetings may be suspended.2An agreement is divided into paragraphs and articles to make it easier for the parties to read and understand, and to assist a party in finding “that provision” when the need arises. A comprehensive table of contents will also assist the parties who must work under an agreement. An added benefit of a table of contents is that in preparing it, the draftsman sees the overall structure of the agreement and will often catch and correct flaws."

Jan 1, 2003

By J. Esson, R. A. D. Pattrick, M. K. Nimfopoulos, D. A. Polya, K. M. Michailidis

"Abstract-Economic Mn-oxide ore deposits of commercial grade occur in the Rhodope massif near Kato Nevrokopi in the Drama region, Northern Greece. The Mn-oxide mineralization has developed by weathering of continental hypogene rhodochrosite-sulphide veins. The vein mineralization is confined by tectonic shear zones between marble and metapelites, extending laterally into the marble as tabular, pod or lenticular oreshoots (up to 50 m ?? 20 m ?? 5-10 m). Supergene oxidation of the hypogene mineralization led to the formation of in-situ residual Mn-oxide ore deposits, and secondary infills of Mn-oxide ore in embryonic and well developed karst cavities.Whole rock geochemical profiles across mineralized zones confirm the role of thrusts and faults as solution passageways and stress the importance of these structures in the development of hydrothermal and supergene mineralization at Kato Nevrokopi. Three zones are recognized in the insitu supergene veins: (A) a stable zone of oxidation, where immobile elements form (or substitute in) stable oxide mineral phases, and mobile elements are leached; (B) a transitional (active) zone in which element behavior is strongly influenced by seasonal fluctuations of the groundwater table and variations in pH-Eh conditions; and (C) a zone of permanent flooding, where variations in pH-Eh conditions are minimal. Zone (B) is considered as the source zone for the karst cavity mineralization. During weathering, meteoric waters, which were CO2-rich (PCO2 ~10-3.8 to 10-1.4) and oxygenated (fO2 ~10-17 for malachite), percolated downward within the veins, causing breakdown and dissolution of sulfides and marble, and oxidation of rhodochrosite to Mn-oxides. Karst cavity formation was favored by the high permeability along thrust zones. Dissolved Mn2+ was transported into karst cavities in reduced meteoric waters at the beginning of weathering (pH~4-5), and as Mn(HCO3)2 in slightly alkaline groundwaters during advanced weathering (pH~6-8). Mn4+-oxide precipitation took place by fO2 increase in ground waters, or pH increase by continuous hydrolysis and carbonate dissolution. In the well developed karst setting, some mobility of elements occurred during and after karst ore formation in the order Na>K>Mg>Sr>Mn>As>Zn>Ba>Al>Fe>Cu>Cd>Pb."

Jan 1, 1997

By Leslie S. Weldon

THE Lake Shore mine has been developed by two vertical shafts, with level intervals at 200 feet to the 2200 level and at 125 feet below this horizon. A main cross-cut joins the two shafts on all levels to the bottom of No. 3 shaft, and opening into these cross-cuts are the ore passes and sand passes, which are completed from surface To the 4450 level. In the west part of the mine, additional connections have been made between No. 1 and No. 2 veins, through which the major part of the ore from No. 2 vein west is routed to drifts in No. 1 vein. With the lesser amount of stoping on No. 1 vein, this arrangement permits better haulage to be maintained. The ore passes are driven at 50 degrees from the ends of short cross-cuts off the main ones and are broken through to the levels above at the mouths of the short cross-cuts, to allow for dumping on each level. The passes are controlled at each level by ball-and-chain gates and deliver to crushers and thence to loading pockets, shown in Figure 1. That system is quite flexible in that it is possible to by-pass the crushers at any station and load from either shaft at a number of different pockets. The sand passes are driven from the main cross-cuts at the same inclination as, and parallel to, the ore passes. Each is equipped with a chute and dump hole, so that waste or sand fill may be loaded or dumped at each level. A transfer door, hinged on the bottom, is installed opposite the chute for by-passing fill from one level to the next, and in the closed position protects the opening at the top of the pass. The dump hole situated beside the transfer door is protected by a grizzly with 10-inch spaces. Waste rock may be withdrawn from the system through No. 3 shaft loading pocket at the 2950 level to a waste bin on surface. Levels are developed by drifts in No. 1 and No. 2 veins for their entire lengths. Subsidiary breaks are followed at a later date, when full information has been obtained by exploration, and a considerable amount of development by sub-drifts is carried out in the upper part of the mine, particularly in more or less erratic sections of No. 1 vein.

Jan 1, 1936

By E. Busse

"Heath Steele Mines Ltd. operates a lead-zinc-copper mining and milling complex in New Brunswick.• During the past seven years, as ore reserves increased, the mill capacity was first expanded to 1,600 tpd and then to 3,000 tpd. In the last expansion, instead of building a completely new 3,000-tpd mill, or adding to existing installations, Heath Steele retained service facilities, buildings, ore bins, Jab, etc., and removed and replaced almost all existing process facilities. Requiring a complete mill shutdown, the expansion had to be carried out in minimum time. Also, new equipment had to fit into existing space. Critical path networks of the project were prepared, a tight schedule for construction was mapped out and progress charted daily to detect problems before they could interrupt the schedule. Heath Steele supervised the purchasing, handling and storage of new equipment, maintained liaison with the engineering contractor and became a sub-contractor, using its own staff to install all flotation equipment and process piping. The 1,600-tpd installation was dismantled and a 3,000- tpd unit was successfully put onstream in 5 months - on time and within budget. One benefit stemming from the expansion: production increased 87 per cent while operating and maintenance labour rose only 8 per cent."

Jan 1, 1972

By A. Demers, M. Chapman, N. Reynier, R. Lastra, M. Courchesne, C. Laviolette

Historic medical isotope production at Canadian Nuclear Laboratories (CNL) in Chalk River involved the dissolution of irradiated isotope targets prior to extraction of Mo-99. This process generated liquid waste that was cemented in 5-gallon containers and transferred to an outdoor waste-management facility for intermediate storage. Research was undertaken to develop an innovative method for uranium, mercury and cesium recovery from the radioactive cemented waste (RCW). Regulations prohibit the removal of active radioactive waste from the Chalk River facility. Thus, CanmetMINING produced surrogate material following the same procedures and conditions to those used at CNL. The selective recovery of the uranium from the surrogate radioactive cemented waste (SRCW) could offer CNL more disposition options for the resulting wastes. Leaching tests were performed using four different SRCW at 1 kg scale. Different conditions, operating parameters, and the presence of plastic and corrosion products were evaluated on solubilization. The research investigated the use of potassium iodide with the sulphuric acid leach to increase metals recovery. Iodine improves the solubilisation of metals and the U dissolution reached 99%. The increase of leaching time reduces the U solubilization due to silica gel formation. Therefore, it will be important to control leaching time to avoid the loss of U during the pilot scale experiments. For Hg, the solubilization ranged from 60 to 80% due to the presence of metallic mercury and mercury sulphide found in SRCW cured at 60°C and/or aged for 30 months. Ion exchange (IX) was found the best method to separate the uranium from the impurities and produce a purified and concentrated uranium solution suitable for yielding a uranium product (yellow cake).

Jan 1, 2020

By V. A. Ettel

Current practices in electrolytic winning and refining of copper , nickel and zinc are reviewed from the point of view of their respective energy requirements. The electrical energy requirements of these processes are broken down in to the individual components, which belong to two basic categories: (a) thermodynamic energy requirements (G of the desired reaction) : (b) energy losses (anode and cathode polarizations, ohmic drops in the electrolyte and in the cell hardware, energy losses due to unwanted side reactions and electrical shorts). The individual energy components are separately examined for each electrolytic process and the potential for energy saving in these processes is discussed. It is shown that many potential energy-saving measures are uneconomical at the present time, as they increase over-all operating costs. The discussion is focused on those approaches which hold most promise for the future.

Jan 1, 1977

By G. Shaw

IN recent years, most of the reconnaissance work of the Geological Survey of Canada has been mapped on a scale of 1 inch to 4 miles. Topographic base maps, commonly made from aerial photographs, were available to the geologist for such work. The advent of war curtailed aerial photography for civilian purposes, and by 1941 all areas already photographed had been geologically mapped. Nevertheless, the need for geological maps to assist post-war prospecting was so apparent, and the country to be covered is so vast, that some new method of rapid mapping had to be devised. It was felt that the need would be met if geological maps could be produced at a scale of 1 inch to 8 miles, provided they were sufficiently accurate in topographic detail to serve as guides to travel. Though in such maps there would be considerable sacrifice of geological detail, they would serve to outline, at least approximately, the major geological units, some of which might prove of sufficient interest to warrant later detailed study. It seemed that such mapping would be particularly useful in the northern regions of Canada which the work of early explorers has indicated are underlain largely by granitic rocks. These, so far as is known, are barren of mineral deposits, but within them are known to be areas or bands of 'greenstones' of the type that, in some localities, have been found to contain valuable orebodies. The problem, then, was to devise a method of mapping, particularly of such greenstone bands, that would make it possible to cover a relatively large area-say 30,000 square miles-in one season and at a cost below that of 4-mile mapping, with, of course, some sacrifice of accuracy. The problem seemed to be threefold: (a) to observe as much of the bed-rock as possible; (b) to produce a topographical map of as much of the area as possible, with particular reference to portions of geological interest; and (c) to cover as large an area as possible in a limited time, which meant faster modes of travel than have hitherto been used. The obvious answer to all three phases of the problem was the use of aircraft. If rock types could be broadly differentiated from the air, reconnaissance traverses by air would supply the answer to the first part of the problem. For topography, air photographs taken on reconnaissance flights appeared to be the answer. For the third phase of the problem, the use of aircraft was ideal.

Jan 1, 1943

By C. M. Bartley

Fluorspar, in addition to its familiar uses as a metallurgical flux and as a source of the electrolyte for aluminum production, has become important as an essential raw material in the rapidly growing fluorine chemical industry. The unique ability of fluorine to react and form compounds with al-most all other chemicals has made it one of the important elements in modern chemistry. Research and development over the past thirty years have resulted in a current annual production of fluorine chemicals that is both technically and economically important to industry. Because many of these chemicals and products are relatively new, and most have properties that are not duplicated by other materials, the present uses are expanding rapidly and new applications are being reported continually. Fluorspar, the only immediate and practical source of fluorine, is therefore an important mineral. This fact has been recognized in major industrial areas such as the United States and Western Europe, but has received little attention in Canada.

Jan 1, 1962

By Réal Tanguay, Mathieu Piché, Jacques Carignan, Charles Beaudry, André Bonenfant

"Le gisement Isle-Dieu est situé sur le flanc sud de l'anticlinal de Galinée. La stratigraphie locale comprend, de bas en haut, la rhyolite du Groupe du Lac Watson surmontée par le basalte du Groupe de Wabassee. Un horizon repère, siliceux et sulfure, d'origine sédimentaire, appelé ""Tuffite Clef', est présent au sommet du Groupe du Lac Watson et pend à 45° vers le sud.Le gisement Isle-Dieu est constitué par une lentille qui recoupe, en partie, la ""Tuffite Clef"". Elle est séparée en deux trorçons par un dyke de tonalite. Les données obtenues à partir des forages effectues à travers la rhyolite sous-jacente permettent de définir les zonations chimiques et pétrographiques de la cheminée d’altération.Ces transformation minéralogiques et chimiques sont caractérisées par un enrichissement en MgO, Fe2O3, MnO et un appauvrissement en CaO, SiO2 et Na2O. La zonation spatiale de ces altérations permet de mettre en évidence la géométrie et l'extension des conduits hydrothermaux. L'épaisseur maximale des sulfures massifs au sein de la lentille est en étroite relation avec l’importance des zones d'altération. Les patrons de variations chimiques dénotent une orientation préférentielle WNW des conduits hydrothermaux. Les parties les plus altérées et les plus déformées présentent localement de fortes variations positives en Zr, Nb, et terres-rares; ces concentrations sont vraisemblablement imputables a /' enrichissement résultant de la diminution du volume lors de l'altération.L'étude pétrographique montre que la porosité et la perméabilité du milieu ont joué un rôle important dans la circulation des fluides car les roches de la cheminée présentent des phénomènes de dévitrification, de bréchification et de microfracturation très prononces. La nature magnésienne de certaines chlorites et la perméabilité accrue du milieu semblent en accord avec le modelé propose par Roberts et Reardon, ( 1978 )"

Jan 1, 1990

By A. Ignatieff

This is the second review of developments in coal mining engineering (see C.I.M .M. Transactions, Vol. LI, 1948, pp. 262- 264) and covers the period from October, 1948, to January, 1950. Mechanization The period under review was characterized by the intensive development of appliances providing for complete mechanization of coal-face operations. A variety of machines are being evolved or have already been placed on the market which embody the principle of 'continuous mining'. This trend can be observed in all coal producing countries. In the United States, two continuous mining machines have been developed for entry and room application and by the end of 1 949 were being used in a number of mines. These are the Joy Continuous Miner in which the coal is ripped from the face by means of multiple cutter chains, and the Jeffrey Colmol employing cutters on rotating arms for chipping the coal from the face. The Joy machine is made in tw6l models, 34-in. and 48-in. high and designed for a range of seam thicknesses from 3-ft. -t-in. to 4-ft. 6-in. and from 4-ft. 6-in. to 8ft., respectively. Some experience has been gained with this machine and accounts of its performance are already appearing in the technical literature. The Jeffrey-Colmol has a more limited range of working height. The first model, 38-in. high, was designed for seams about 4 feet in thick11ess but more recently the 28-in. low model has been placed on the market for seams 2-ft. 6-in, to 3-ft. 4-in. in thickness. Conventional mobile loading machines of the gathering-arm type are continuing to yield high production under suitable conditions, and improvements or modifications of the basic principle are embodied in new machines as, for example, the Jeffrey mobile (conveyor) loader with extensible (gathering-arm) head developed for conveyor mining.

Jan 1, 1950

By R. F. Favreau, L. C. Lang

"In modern blasting technology blasts are designed and analysed on an energy-mass-time relationship. The energy of the explosive is derived by computer analysis and the work potential of the available energy is expressed in numerical values. The mass involved in the blast is determined by the geometry of the blast and by the rock density. Time is also a relevant parameter, because time is required to complete the three basic stages of the breakage process.For successful application of the blasting parameters the basic mechanism of the breakage process must be understood.The physical-mechanical properties of the rock, local structural geology and the thermodynamic properties of the explosives can be brought together to create a computer model of a blast with which it is possible to predict separately the results of each parameter and to express the predicted degree of change in any parameter by actual numbers.A long-range project has started to create a ""bank"" of rock properties for as many Canadian and foreign mines as possible. A computer model has been successfully applied to predicting the effect of varying the ratio of spacing to burden at constant rock volume and significantly improved results are achieved, as the S/B ratio is increased up to about 2 to 2.5.High-speed photography has been applied to determine the time that has elapsed between zero time and the beginning of movement of the mass. The results assist in determining minimum and optimum delay time required for multiple-row blasting.The approach as described in the paper is now well proven and is clearly superior to previous methods based on powder factors and human assessment."

Jan 1, 1972

By J. Forster, C. A. Pickles, Mackowiak. K.

The future development of nickel laterite deposits is crucial with regards to satisfying impending nickel demands. The commercial implementation of new hydro/pyrometallurgical processes in recent years has led to significant improvements in the extraction of nickel from the laterite ores. One potential alternative pyrometallurgical processing route would be to selectively reduce the nickel and produce a concentrate with nickel contents similar to those attainable in the conventional flotation of sulphide ores. However, even bench scale studies have not yet been able to produce a high grade (>15% nickel) concentrate from a low grade laterite ore. The present research involved the microwave vacuum reduction roasting of a nickel laterite ore to yield a high grade concentrate, rich in nickel. Firstly, the effects of temperature and pressure on the nickel grade and recovery were investigated using a thermodynamic model. Secondly, briquettes containing a mixture of charcoal and a low grade silicate nickel laterite ore were reacted in a microwave vacuum system. The experimental variables studied were the input microwave energy, pressure and absorbed microwave power. Thirdly, the ferronickel in the reacted briquette was concentrated by magnetic separation and nickel grades of up to 21% could be achieved.

Jan 1, 2015

By G. H. Gale, M. A. F. Fedikow, L. B. Dabek

Abstract-Rare earth element (REE) data are reported for ores, sulfide-bearing rocks and host rocks from massive sulfide deposits and barren sulfide facies iron formations in Proterozoic volcanic rocks of the Flin Flon-Snow Lake area, Manitoba. Some of the rare earth elements (e.g., Eu), are selectively leached in zones of intense alteration and redeposited together with the sulfides and silicates in the uppermost parts of the alteration zones and at the rock-water interface. Chondrite normalized REE profiles of layered sulfide ores and exhalites proximal to the deposits typically have positive europium anomalies and are enriched in light REE. In contrast, barren sulfide facies iron formations exhibit negative or ‘normal’ Eu profiles. REE data are useful to explorationists in determining the presence of ‘off-hole’ metal-bearing sulfide zones, in distinguishing metal-poor sulfidic layers related to ‘economic’ hydrothermal activity from barren sulfide facies iron formation and in some instances as a means of establishing ‘ore-equivalent’ strata.

Jan 1, 1997

By M. Muinonen, R. Pandher

Royal Nickel Corporation is developing the Dumont Nickel Project, a large nickel sulphide deposit located near the town of Amos, Québec. The nickel occurs as pentlandite, heazlewoodite, and awaruite. The relatively low grade ore can be processed to a very high grade nickel concentrate, containing 29% Ni. The absence of copper and precious metals in the ore renders this concentrate amenable to processing by dead roasting in a fluid-bed roaster and smelting in an electric furnace to produce ferronickel for sale to stainless steel producers. Laboratory test work and conceptual engineering design was completed to demonstrate the amenability of Dumont concentrate to produce ferro-nickel.

Jan 1, 2015

By G. H. Gale, M. A. F. Fedikow, L. B. Dabek

Rare earth element (REE) data are reported for ores, sul?de-bearing rocks and host rocks from massive sul?de deposits and barren sul?de facies iron formations in Proterozoic volcanic rocks of the Flin Flon-Snow Lake area, Manitoba. Some of the rare earth elements (e.g., Eu), are selectively leached in zones of intense alteration and redeposited together with the sul?des and silicatesin the uppermost parts of the alteration zones and at the rock-water interface. Chondrite normalized REE pro?les of layered sul?de ores and exhalites proximal to the deposits typically have positive europium anomalies and are enriched in light REE. In contrast, barren sul?de facies iron formations exhibit negative or ‘normal’ Eu pro?les. REE data are useful to explorationists in determining the presence of ‘off-hole’ metal-bearing sul?de zones, in distinguishing metal-poor sul?dic layers related to ‘economic’ hydrothermal activity from barren sul?de facies iron formation and in some instances as a means of establishing ‘ore-equivalent’ strata.

Jan 1, 1997

By Jean-Paul Drolet

"This paper charts, briefly, the :salient facts of international trade in minerals and their products and Canada's place in it. It also reviews inter-national agreements, economic groupings and national measures to channel and regulate production and trade in minerals. Canada's mineral industry now produces raw materials worth $3.7 billion per year, making this country a giant among mineral producers. Two-thirds of this production is exported, chiefly to the United States, accounting for about 30 per cent of Canada's merchandise exports and topping all other classes.However, several other nations are also pressing the development of their mineral resources and markets. The Soviet Bloc, China and principally Australia and Africa are becoming important suppliers of basic raw materials to some traditional markets of Canada in Europe and Japan.The outlook for Canadian mineral exports to the countries of the Common Market, Great Britain and Japan is good, although some tariff barriers remain troublesome.Concerning the United States, our most important market, Canada is seeking to have that country lift import quotas on lead and zinc, and re-cent statements by U.S. authorities give hope that this may be achieved soon. Moreover, Canada wishes to obtain easier access to the American market for several of its metals and minerals.Canada is now participating in the Kennedy Round of tariff talks under the auspices of the General Agreement on Tariffs and Trade (GATT), and is seeking to open wider doors for its exports of products.In summary, Canada has done reasonably well in some mineral commodities on world markets, but has lost ground in others. Any slackening of Canada's efforts in the development and marketing of mineral resources would soon lead to the decline of its role in the world miueral economy."

Jan 1, 1966

By Rejean Gagnon, Fernand Rochefort

"Haulage costs, in most operations, represent a large portion of total cost. Quebec Cartier Mining Company came to the conclusion t hat an electric trolley assist providing more horsepower than available from dieselgenerator sets presented the best oppor tunity for improvement. Accordingly, a testing and development program was carried out which resulted in the design, installat ion and application of a practical system. This paper describes the development of the system, the equipment used as well as the actual operation. A projection is also made to indicate further improvement in productivity. A comparison is made of truck operating data before and after activation of the trolley assist system in order to determine its economic impact."

Jan 1, 1972

By S. Shrestha

Magnesium-based alloys are of growing interest for many industrial applications due to their favourable strength-to-weight ratio and excellent castability. Mass reduction has advantages in many industrial sectors for example, in automotive, a reduction in mass improves fuel economy and can lead to more efficient mechanical systems by reducing the weight of moving parts like wheels, gears, pistons. However, the relatively poor corrosion and wear resistance limits the use of magnesium and its alloys in many potential applications. The patented Keronite® plasma electrolytic oxidation (PEO) process enables manufacturers to overcome such problems and, in its latest generation equipment has been developed to industrial realisation for high volume production. This paper presents microstructural characteristics and corrosion performance of two most widely used high pressure die-cast magnesium alloys AZ91D and AM6OB with a duplex corrosion protection coating system that comprised a thin Keronite pre-treatment followed by a subsequent automotive grade final powder coat.

Jan 1, 2006

By C K. Bell, L. S. Collett

An AFMAG survey was flown in 1968 over the Upper Nelson River area, Manitoba. The flight direction was northwest-southeast and flight spacing was 2 miles. In the Cross Lake Subprovince, AFMAG showed that an isolated peridotite outcrop was part of a dike that extended over 80 miles. Diabase dikes are not always marked by an anomaly, but isolated cross-overs, when used in conjunction with geological and magnetic data, permit their extrapolation. Anomalies coincide with areas of sulphide mineralization. In the Flin Fion Subprovince, known and unknown northeast-trending faults are detected. The Berry Creek fault was extended south through Tramping lake, then under the Paleozoic cover. Conductors were detected at, or near, the axes of major synclines within Amisk and Snow Group sediments. Granitic terranes have low conductivity and, because they are characterized by smooth AFMAG profiles, they can be delimited. AF.MAG is being recognized as a geophysical method that can aid geological mapping and interpretation. Its most important contribution to the geologist will be in regions where out-crops are sparse.

Jan 1, 1971

By D. R. Derry

"IT WOULD TAKE a braver man than I to try to forecast the future of mining exploration far into Canada's second century. Even to look ahead ten or twenty-five years we must review the figures of the fairly recent past -and I have found this quite a time-consuming but interesting job -in order to find trends and project them into future years. The trends to which I will refer are: firstly, the annual expenditure on exploration and its relation to value of output; secondly, the discovery rate and its relation to production initiations; and thirdly, the methods by which discoveries have been, and will be, made. Exploration Expenditures Figures on the annual expenditure on mining exploration in Canada have been collected and published for some years by the Do-minion Bureau of Statistics. These have some unavoidable limitations; e.g., in the varying definition between one company and another of what comprises ""Exploration"" and in the difficulty of getting complete returns. However, although the actual figure for a given year may be subject to question, I believe that the relative figures from one year to another are reasonably reliable. There is also a lapse of time between the collection of data and publication -the last published figures are for the year 1963. In bringing the figures up to date to 1966 I have canvassed eight of the larger mining and exploration companies and obtained their figures for 1963 to 1966 inclusive, and then averaged these for each year and applied the progression to the 1963 figures."

Jan 1, 1968