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By C. O. Stee

Introduction The property of Siscoe Gold Mines, Limited, is located on an island of three hundred and forty acres in lake Kienawisik, about fifty-two miles east of Noranda and forty-three miles south of Amos, Quebec. Lake Kienawisik is a part of the Harricanaw drainage system and is crossed by the main line of the Canadian National railway at Amos. This waterway is navigable for boats with a draught of six to eight feet. Diesel engines have been the source of power at the property since milling operations were commenced in January, 1929. The power plant as first designed and built was for a milling capacity of 100 tons. Two Polar-Atlas units, each of 200 h. p., comprised the original installation. With the growth of the 'mine, more engines were added until, at the present time, there is installed at the Siscoe what is rated the largest Diesel plant at any mining property in Canada. Definition of a Diesel 'The Diesel engine is an internal combustion engine which works with liquid fuel introduced after, and independently of, the air charge at a time when communication between the cylinder and the outside atmosphere is cut off, and which ignites the fuel by compression-beat and stored combustion-heat unassisted by heat sources outside the cylinder itself while the engine is in stable operating condition"(1).

Jan 1, 1934

By H. A. Gorrell, S. R. L. Harding

"The potash beds in the Saskatchewan portion of the Williston Basin occur in the upper portion of the Prairie Evaporite formation of the Devonian Elk Point Group. They represent the late stage of a major evaporitic cycle. Two other evaporitic cycles are known in overlying beds, but these apparently never reached the stage of potash salt deposition. The basin in which salt deposition took place extended from the northwestern corner of Alberta southeastward across Saskatchewan into Manitoba, North Dakota and Montana. Deposition of potash salts was apparently restricted to the southeastern portion of the evaporite basin. On a regional basis, five major stratigraphie divisions of the potash-bearing strata have been made. Locally, several of these units may be divided into correlatable sub-units. The potash-bearing strata are separated and overlain by predominantly halite layers of varying thickness. Cross sections show the regional correlation of the potash-rich zones, and maps show the present distribution of the individual potash-bearing zones and the areas of richer development for each zone. The maps tend to substantiate the interpretation of considerable subsurface solution of salt and potash beds."

Jan 1, 1967

By D. D. Hogarth

"Edward Haycock, Engineer and Public Contractor Edward Haycock was born in Shrewsbury, England, June 14, 1813. His father was John Haycock, a timber merchant and soap manufacturer, residing at Swan Hill Court, Shrewsbury, and his mother Esther was the daughter of William Hilton of Hempstead, Hertfordshire. Edward's paternal grandfather, John Hiram Haycock, was the first of a line of architects that ""changed the face of Shrewsbury"" and ""provided some of the best examples of typical Victorian architecture in Shropshire""(1). Nothing is known of Edward's early life or education, although it appears that he made no attempt to follow this artistic trend. In 1833, Edward immigrated to Canada. The following year, he married Mary Butler, daughter of Johnson Butler, a Lieutenant-Colonel in the Lincoln Militia during the War of 1812. Mrs. Haycock, as co-heiress of Johnson Butler's estate, was assigned 600 choice acres of farmland in Brooke Township near present-day Sarnia. This alone would have guaranteed a tidy income, but the Haycocks soon disposed of this land, the last lots being sold in May 1840. Instead, Haycock turned his hand to engineering and, for a number of years, was employed by the Great Western Railway first in Woodstock and later in Hamilton. He then moved to Port Hope, tried farming, worked in the engineering office of the Port Hope, Lindsay and Beaverton Railway Company, and later constructed a portion of this railway(2). During his stay in Port Hope, Haycock met his future partners Ralph Jones, a contractor, and Thomas Curtis Clarke, chief engineer with the P.H.L. and B. Railway Company. The alliance was styled Jones, Haycock and Company and their most successful venture was the construction of the Government Buildings in Ottawa. This work was the crowning achievement of Haycock's career and, no doubt, his proudest moment was at 11:30 a.m., April 2, 1860, when his daughter Mary Emily, then a little girl of 4, with a special silver trowel ceremoniously laid the first stone. Of special interest in this project were the quarrying operations, which introduced Haycock to the art and difficulties of mining as well as to the potential returns of mines. Sandstone, for facing, was drawn from four quarries, 10 to 12 miles from the Departmental Buildings. Haycock seems to have been in charge of these operations, which in the early stages involved an average labour force of 86 men and 43 teams. However, by 1861, quarrying had declined in importance and the contractors were able to concentrate whole-heartedly on the construction site."

Jan 1, 1999

By P. Lafleur

All indications point to a growing market for thermal coal in Japan as part of the country's current energy policy formulation process. The Ministry of International Trade and Industry forecasts imports of 16 million tons a year in 1985 and 40 million tons in 1990-a twenty-fold and forty-fold increase over the present level. This potential reflects Japan's over-all serious and increasing concern for security of energy supplies and its resultant need to seek alternative sources. Nuclear power will be the main alternative source, but, because it is expected that its development will be slow, imported thermal coal will assume greater importance. Canada, with large resources of all types of coal, could fill a portion of this market. Thermal coal could come from specific thermal coal developments or from metallurgical coal mines, which usually produce a certain amount of coal not amenable to coking, but suitable for power purposes. However, penetration of this Japanese market by Canadian thermal coal will depend on the resolution of a number of problems. On the demand side, siting, environmental aspects, the need for a coal unloading and trans-shipment centre, and the added cost of installing coal-fired stations could be major constraints. Although Canada has ample high-quality resources, any new development tied to the Japanese market will require improvement in prices to cover the high costs associated with transportation, the construction of new mines and the provision of new infrastructure.

Jan 1, 1979

By Neil Camarta

$6 Billion Dollar Education ?? Construction is like war ? you need a command and control organization ?? A strong Owner?s team is a must ?? Smaller is better ? break the project into bite size chunks ?? New technology is risky ? lots of construction and start-up risk ?? Safety can be successfully managed ?? Don?t expect contractors to ?work well together? ?? Never, ever let Mining Engineers run stuff than can catch fire

May 1, 2008

By Côme Carbonneau

The ten -year case history of La Société Québécoise d'Exploration Minière (SOQUEM) is reviewed under the headings of the company's raison d'être, objectives, policies, structure and final goal. A brief analysis of its past operations is presented: aborted efforts, findings and developments. A projection is made of the future earnings, in terms of estimated present value, of its three main discoveries - Louvem , Niobec and Selim.

Jan 1, 1978

By B. Dubé, R. Friedman, J. Oliver, R. Aubertin, M. Burson, G. Panneton, M. Hamilton, J. Ayer

"Abstract — The Detour Lake gold deposit is located within the northwestern limit of the Archean Abitibi Subprovince of the Superior Province. Mineralized zones are hosted by a sequence of pillowed and massive flows, hyaloclastite units, and altered ultramafic rocks, and are commonly oriented parallel to a series of high-strain zones that are co-planar to the regional-scale Sunday Lake Deformation Zone. Early in its kinematic history, the Sunday Lake Deformation Zone placed older (2.72 Ga) volcanic rocks of the Detour Lake Formation over younger (2.70 Ga) sedimentary rocks of the Caopatina assemblage. Gold mineralization is also parallel to the position of a laterally persistent siliceous rock unit, the 2.725 Ga ‘Chert Marker Horizon.’ The Chert Marker Horizon coincides with the boundary between the mafic-dominated upper Detour Lake Formation and the ultramafic-dominated lower Detour Lake Formation. Stratigraphic and geochronological data suggest that the Chert Marker Horizon is a deformed felsic volcaniclastic unit. At a cut-off of 0.6 g/t Au, the Detour Lake deposit contains 17.26 million ounces of Au within 445.9 million tonnes of rock grading 1.20 g/t Au. Gold occurs in shear-hosted and extensional vein arrays within rocks of the upper and lower Detour Lake Formation and within the Chert Marker Horizon. The Detour Lake deposit has many of the characteristics of a greenstone-hosted, quartz-carbonate vein deposit; its very large size may be attributed to large-scale rheological controls resulting in the formation of dilatant sites in permissive rock units. © 2012 Canadian Institute of Mining, Metallurgy and Petroleum. All rights reserved."

Jan 1, 2012

By K. Hasselwander, K. Knabel

"A significant area of Outotec’s business involves fluidized bed roasting. With several decades of experience, more than 300 reference plants and strong R&D capabilities, the company provides several industries with optimum processing solutions. Applications include oxidation and sulfation of sulfides found in copper, pyrite and zinc concentrates. Gold production and de-arsenifying roasting are also within this scope. This paper describes the latest furnace developments and includes novel trends. Moreover, hot and wet gas cleaning systems are examined focusing on unit operations related to the removal of components such as dust, SO2 for sulfuric acid production, fumes, halides, Hg, hydrocarbons, nitrous oxides and metals.INTRODUCTIONGenerally, when defining roasting processes, it can be stated that the respective primary pyrometallurgical reaction is exothermic, of gas-solid nature and relates to a value solid product. These processes are a key focus within Outotec’s scope and include: (i) dead roasting (ii) sulfating roasting (iii) partial de-arsenifying roasting and (iv) two-stage, de-arsenifying roasting.Dead roasting involves the oxidation of a given sulfide, thus allowing for a subsequent leaching process, and has been applied to producing ZnO. Dead roasting of pyrite has also been extensively utilized with a primary goal of producing sulfuric acid. In contrast, sulfating roasting involves converting a sulfide to its sulfate, enabling a selective sulfation of components, such as Cu or Co, and their separation from ferrous components during leaching (produced sulfates are soluble). Partial roasting involves partially oxidating the metal sulfide to its oxide with the simultaneous production of gaseous As4O6, which is handled during gas cleaning. The solid product, containing hardly any As, is rich in S and can be fed to a respective smelter (e.g. in the case of Cu). Alternatively, if the production of oxide is required, a dead roasting step is added after the partial roasting step, with the overall process considered as two-stage roasting."

Jan 1, 2012

By W. D. Watson

"Early in mine development at Quintette Coal Limited major problems were encountered with the fleets of primary equipment which seriously hampered production. These major fleets (cable shovels, hydraulic shovels, hydraulic drills and electric trucks) have consequently been the focal point of maintenance efforts. Some were prototypes in the Canadian mining scene and brought with them new concerns to test their skills. The problems were studied and the category and areas which were having the greatest impact on the reliability of the equipment were determined. Once defined, priorities were established and a program was initiated which was designed to accomplish a resolution. Resulting from implementation of this systematic approach, over the past three and one-half years, the fleets are now giving good reliability and industry standard availabilities. Along with these significant achievements, cost per operating hour on some of the equipment fleets has decreased substantially and continue a downtrend through 1987. This paper identifies the problems and describes the resolutions. IntroductionIn the early years of the mine development, Quintette Coal Limited (QCL) experienced production shortfalls due to problems with the major excavator and haulage fleets. A large fleet of hydraulic excavators had been purchased, and QCL was among the first northern users of all hydraulic blasthole drills. They were also using some prototype equipment and encountered problems which were not common on other types of equipment or were unknown.Because of these unique problems and lack of experience from other mines to draw on, an analytical approach was taken to areas and associated causes of the delays affecting the availability and reliability of equipment. This was done by dividing the equipment downtime into seven classifications of delays, i.e. maintenance, electrical, hydraulic, mechanical, damage, service and preventative maintenance, and tires; and then each was expressed as a percentage of total downtime. Subsequently each of the delay classification was divided into categories e.g. electrical to six categories - wheel motors, main alternator, relays, cards, no propel, lighting and 24 V system. Then, the basis for further study had been established.From this preliminary analysis of historic records, it was possible to determine the areas which were causing the majority of the downtime. These areas were then analyzed to evaluate causes and to determine possible solutions to the problem s. This paper addresses the major fleets, their problems and eventual solutions. Plea se bear in mind that the over-all objectives were to increase physical availability and reliability."

Jan 1, 1988

By Paul B. Warrington

This paper presents a discussion of the factors affecting copper scrap markets, including such items as price levels, freight. grades of material, sources and packaging. Reference will also be made to the effective life and turn-around of the copper content of some products. Introduction IN TERMS OF SIZE, copper scrap is second only to ferrous scrap in tonnage recycled. However, in total value, it is second to none. For example, world scrap recovery during the preceding 4 years averaged just under 2,300,000 metric tons per annum, and at an average price of 70 ¢ a pound, this works out at a turnover of about $3.5 billion, which indicates that the copper scrap industry, or recycling as it is now becoming known , is a substantial one.

Jan 1, 1977

By Maureen McGuiness

"The pastefill circuit at the Bell Allard Mine in Matagami, Quebec started up in August 1999. The surface pastefill plant produces a cemented paste which is sent underground by gravity through a vertical pipeline in the mine ventilation shaft. Difficulties with paste flow during the start-up highlighted the importance of understanding paste rheology and the effect of operating procedures on line wear. By June 2000, the original circuit had been modified to include a paste pump to transport the paste to the shaft.The steps taken during the paste plant commissioning are discussed. The final flow sheet is presented, focussing on the use of instrumentation to ensure full column flow and proper distribution underground. Resistance modelling and accelerated curing of samples are examined as possible ways of predicting paste resistance to ensure compliance with the mine’s paste specifications.INTRODUCTIONCommissioning a new plant can be difficult and time consuming. The start-up of Noranda’s Bell Allard paste backfill plant was no exception. Since the first day it went into operation, the paste circuit could not meet the tonnage and paste quality requirements of the mine because the paste would not flow by gravity into the vertical pipeline in the mine’s ventilation shaft.Diagnosis of the pastefill problems proved difficult. It was only when the rheology of the Bell Allard paste was understood that the flow problems were solved. To ensure that the paste placed in the stopes meets mine requirements, two methods of paste resistance prediction are being developed."

Jan 1, 2002

By Donald Roberts

"Parameters f or design and development of an emergency hoist system (Fig. I) were submitted to Timberland Equipment Limited of Woodstock, Ontario by the Potash Corporation of Saskatchewan Mining Limited.The unit is the first of its kind in Canada. Not only does it comply with the province of Saskatchewan's mining regulations, but has the added advantage of being completely mobile and self-contained.As well as being useful in the mining industry, the mobile hoist unit could be used in other emergency situations such as rescuing people trapped in wells.JustificationRevisions to the Mines Regulations under Section 13 of the Occupational Health and Safety Act, 1977, of the Province of Saskatchewan stipulate as follows:"" Section 410 .04(4) The Mine Employer shall make adequate provision at every mine where any worker is hoisted in a shaft not equipped with a manway to enable an y such worker trapped in a conveyance in the shaft to be rescued . "" It was not possible to equip the shafts at PCS Mining' s Divisions with "" manways"" and therefore an alternative was required.BackgroundThe Potash Corporation of Saskatchewan Mining Limited, a subsidiary of the Potash Corporation of Saskatchewan, operates four potash mines. Of these, three, Cory, Rocanville and Lanigan Divisions are wholly owned while the fourth, Allan Division, is 40% owned by Kidd Creek Mines Ltd., but managed by PCS Mining. The four underground operations all have a service and production shaft.From 1979 to 1981 the PCS Mining Division, along with Central Canada Potash, were developing an idea to use the existing ground-mounted timberland hoist at Lanigan as an emergency hoist. This hoist was used in the past for rope-up work at both Rocanville and Lanigan and other potash mine s. The Department of Labour at this time had concerns about the time it would take to load, t ran sport and re-install the hoist on a foundation when needed for an emergency. Weight and size made this particular unit very cumbersome for transporting.In addition, the speed at which this hoist operates is too slow for rescue work. When the Department of Labour expressed concern that this unit would be unsuitable for these rea sons, a search for a suitable unit was initiated.The project responsibility for procuring an emergency hoist for the Potash Corporation of Saskatchewan Mining Limited was assigned to the author, a shaft/ hoist specialist a t PCS Mining."

Jan 1, 1986

By J. Shanks

A S far back as 1925, Brazeau Collieries, Limited, became interested in .briquetting. This was brought about by complaints from their principal customer that stack losses, due to a high percentage of fine coal in their mine run, were excessive. The Company considered oil spraying of the fines. This, after some experiments and tests had been made, was ruled out as uneconomical and impracticable. When sufficient oil to be effective was put into the fines, it caused the coal in the tender of stoker-fired engines t0 arch over the screw feeder. The Company ultimately placed their problem in the hands of the Re-search Department of the University of Alberta. Experimental work was carried on by this department over a period of more than a year. The results obtained and the experience gained in this research work were conveyed to Brazeau Collieries in a report dated October 31st, 1929, and in a supplementary report dated February 2nd, 1935. Most of the results obtained in experimenting with Brazeau coal are embodied in a brochure, reprinted from the proceedings of the Second International Conference on Bituminous Coal, Vol. 19-24-28, entitled Principles in the Briquetting of Coking and Non-Coking Bituminous Coals, by E. Stansfield and W. A. Lang. All who are interested in briquetting should read this brochure. In the writer's opinion, iris the most important treatise on the subject printed in recent years. The results given in the paper are, of course, those obtained in laboratory investigation. It was pointed out to the writer that it would be most interesting to have such results correlated with those obtained in commercial practice. In this short paper, an attempt is made to do so.

Jan 1, 1942

By R. Lapcevic, P. Lokin

"Among other components, ore body „T“ was discovered in the Bor pit copper mine at a depth of app. 500m. The ore body is relatively small: 60-65m long, 40-45m wide and up to 50m high, but with an extremely high content of copper and accompanying metals. The rock mass containing the ore body is composed of altered andesite of relatively poor physical-mechanical characteristics. The exploitation of this ore body by way of conventional mining methods was associated with high risk, cost, and potential losses of the rich ore. Due to everything specified hereinbefore, the adopted solution involved ore exploitation with complete ensuring of excavation stability, thus forming an extremely large underground opening. The excavation and supporting were performed according to the NATM principles along with applying shotcrete, 9-25 m long cables, and horizontal and vertical lattice girders. The excavation of the ore body was completed in app. 2.5 years, all the while ensuring complete stability and security of people and equipment; construction works were constantly monitored. The proposed solution for ore excavation enabled more than 95% exploitation of ore as requested by the Investor, while depletion due to waste-rock excavation was less than the allowed 5%. INTRODUCTIONThe Bor copper deposit is located in Eastern Serbia. Copper exploitation in Bor commenced as far back as 1902. A total of 26 ore bodies varying in size and valuable mineral content have been excavated so far. One of the most recent excavated ore bodies is ore body „T“, which is one of the smallest bodies by volume, but also a body with one of the largest content of copper and accompanying metals. An important fact regarding its exploitation is that it is located at a depth of app. 500 m; that its shape is irregular: 60-65 m long; 40-45 m wide and app. 50 m high; and that it lays within a rock mass of relatively poor physical-mechanical characteristics. In addition, above it, in its immediate vicinity, ore body „F“ was previously excavated and its room was refilled with backfill and water. Excavation methods common in mining practice (excavation with caving, excavation with backfilling, excavation with protective pillars) were inadequate in this case for various reasons:• The immediate vicinity of the previous ore body „F“ room could cause expansion of the caving zone also to that room, along with penetration of groundwater and flotation sludge;• Possibility of deformation expansion caused by caving as far up as the surface of the terrain, including the urban area;• Difficulties in maintaining the stability of excavation sidewalls having steep slopes and great height;• Significant loss of ore mass with a relatively high content of metals etc."

Jan 1, 2015

By Rodney R. Koch

The phys ica l properties of gold should faci li tate its detection. However, the average concentration of gold in the ea rth's cru st precl udes the ability of geophys ical methods to detect the metal directly. In order to effectively pursue geophys ical detection and location of gold mineralization there must also be geological input - i.e. a model. This will lead to the selection of the appropriate geophy ical techn ique(s) in the fo llow-up programs. Interpretation of the fie ld survey data is of con iderable importance in expl oration geophys ics. Analytical techniques such as cont inuation, fi ltering, and spectral analys is, are now routinely empl oyed in the analys is of survey data to aid the interpretation process. The uccessful application of geophysical methods and the use processing techniques is demonstrated by two recent Saskatchewan discoveries. The first, the Star Lake 21 Zone, with reserves of 230,000 tons grading bener than 17.14 git Au associated with a disseminated sulphide quartz-bearing shear zone yielded geophysical anomalies that were distinctive, obvious, and would have lead directly to its discovery. The econd , the Laurel Lake Prospect, with ore grade intersections of 28.0I git Au and 52 .46 git Ag· over 5.49 m, resulted in numerous geophysical anomalies. However, none of these anomalies demonstrated association with the mineralization until processed results indicated that structural features crosscuning regional trends were important cont rol mechanisms for the mineral ization.

Jan 1, 1986

By G. E. Norman, A. L. Mckague

"The new smelting process commenced operation in 1978. The pelletizing and sinter plants were replaced with slurry-fed roasters and the blast furnaces with electric furnaces. The existing converter aisle and matte handling facilities remained unchanged.Process DescriptionNickel-copper concentrate is partially roasted in two slurry-fed fluid bed roasters. After gas cleaning, the sulphur dioxide gas is transferred to the acid plant. The roaster product is conveyed to two electric furnaces for smelting to produce a waste slag and furnace matte. The slag goes to the disposal area and furnace matte containing the metal values is processed in the converters for further removal of iron and sulphur.The final matte containing about 75 per cent metal values is shipped to the refinery in Norway.The commercial smelter was designed for 2135 tonnes per day of concentrate, with an availability of 85% . Roasters and electric furnaces were sized at 117 per cent of design, or 1250 tonnes per day on each of two lines. Concentrate storage capacity in the plant is sufficient for two to three days' plant operation.The new smelting process will be discussed under the following headings:Concentrate Slurry HandlingFeed PreparationRoaster OperationRoaster Gas CleaningCalcine TransferElectric Furnace Operation and Process Control Converting and Matte HandlingUnder these headings, process control , equipment changes, and plant performance after three years' operation is reviewed. A brief discussion of accident prevention , and working environment is also included ."

Jan 1, 1984

By A. G. B. Hayes, C. L. Renzoni

"AbstractThis paper provides a rough outline of economic expectations for the near future and then goes on to discuss their effect on the expected demand for metals, using zinc, copper, nickel and aluminum as detailed examples.IntroductionMINING, as you are all painfully aware, is a cyclical business. We believe that it will remain so as long as there are economic cycles.The fortunes of the industry are tied to those sectors of the economy where decisions can be postponed until more favourable times: automobiles, housing, appliances, inventory building and capital spending. Over the past two years, while U.S. GNP fell by 3.8%, automobile production declined by 31 %, from 9.7 million units in 1973 to 6.7 million in 1975. Housing starts plummeted some 43% from 2.1 million units in 1973 to 1.2 million in 1975. Little wonder that U.S. copper consumption fell by 37% and zinc consumption by 38% over the same period.With the rest of the world's economies moving in unison with that of the United States, it is also not surprising that times have been tough for mining.Arthur Burns, chairman of the U.S. Federal Reserve, contends that each recession sows the seeds of its own recovery. The worse the recession, the better the subsequent recovery. If this is true, then the lot of the mining industry should improve significantly over the next two to three years."

Jan 1, 1977

Adsorption of guar gum was investigated on model minerals typically found in water-insoluble slimes of potash ores. The ionic strength of the adsorption mixtures was varied from distilled water to saturated NaC1 and KC1. The tests were also performed using a saturated brine. The adsorption density of guar gum on illite, dolomite, and kaolinite was found to be not only a function of total ionic strength but also of the type of electrolyte present in solution. Generally, the adsorption of the polymer on the clay minerals was higher in KC1 solutions than in NaCI, but the differences gradually disappeared when the electrolyte concentration approached saturation. The results were analyzed in terms of chaotropic (K ) or kosmotropic (Na') properties of background counter-ions and their different behaviors at the hydrated mineral-water interface. Guar gum adsorption on dolomite was related to the presence of calcium and magnesium sites on the mineral surface, and to the cis-configuration of OH groups of mannose units. Based on viscosity measurements, it was suggested that guar gum macromolecules form entanglements in NaCI solutions (and distilled water), but individual molecules exist in KC1 solutions thus creating different modes of adsorption of guar gum from concentrated NaCl and KCl solutions.

Jan 1, 2006

By K. Webb, M. Hohn

"This paper reviews the evolving Ontario mining regime for mining industry-Aboriginal engagement and its apparent alignment with court decisions, domestic law, emerging international norms, mining industry rules, and mining firm-Aboriginal agreements, drawing on publicly available commentary from government officials, the private sector, and Indigenous communities. This paper provides a preliminary analysis of the potential implications of the new regime, especially for the mining industry and Aboriginal communities and, on that basis, discusses possible future developments.RÉSUMÉ Le présent article analyse le régime minier de l’Ontario pour l’engagement entre l’industrie minière et les Autochtones et son harmonisation avec les décisions des tribunaux, le droit interne, les nouvelles normes internationales, les règles de l’industrie minière et les ententes compagnies minières- Autochtones en se basant sur des commentaires, disponibles publiquement, d’officiels gouvernementaux, du secteur privé et des communautés autochtones. Cet article fournit une analyse préliminaire des implications potentielles du nouveau régime, surtout pour l’industrie minière et les communautés autochtones et, en s’appuyant sur ces données, il traite des futurs développements possibles."

Jan 1, 2016

By L. Kilburn

"A survey of 281 mineral exploration agreements examines the ratios among three ways that may be used to purchase an interest in a mineral property, viz: pay cash, pay shares and make future expenditures on the property.The dollar value of the future expenditures exceeds that of cash or shares by about nine times in most of the 110 agreements that contain cash-expenditure or share-expenditure components. Results suggest that cash and shares are treated about the same in terms of value.Buyers and sellers have opposing priorities for the way that they prefer to purchase a mineral property. These opposing priorities should give rise to a perceived 50:50 balance between cash/share payment and future expenditures to satisfy the idealized situation described by most definitions of fair market value (FMV). This balance between cash/share payments and future expenditures appears to be rationalized in negotiations to a FMV when expenditures are nine times greater than cash and/or payments.On this basis, it is proposed that the FMV of a property may be determined by aggregating the dollar amount of the cash/share payments plus one-ninth the dollar value of future expenditures, as set forth in the respective purchase agreement, and proportionately applying such aggregate to full property value."

Jan 1, 2005