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By Robert D. Brown, Robert B. Parsons

"The mining industry may have survived the October 28 federal budget relatively unscathed, but the same certainly cannot be said of the petroleum sector-and many mining men are left wondering if their industry will be the next one to be singled out for special attention, as federal and provincial governments seek additional revenues and pursue nationalistic or provincial policies.Higher taxes, higher prices, a potpourri of ""incentives"", and a -""Canadianization"" policy mark the principal features of the new National Energy Program released by the government along with Finance Minister MacEachen's budget address.This month, Tax Notes examines the federal budget. with appropriate emphasis on the National Energy Program and its possible future implications forthe Canadian resource industries.IntroductionMost of the Canadian mining industry (tar sands miners excepted) heaved a sigh of relief on the evening of October 28, 1980, as Finance Minister MacEachen confounded the prophets in his budget address by not raising personal or corporation taxes and by making only relatively modest changes in the general tax system. Instead, he concentrated on a sweeping new energy policy. Unfortunately for that important sector of Canada's mining industry which is involved in mining the country's vast tar sands reserves, either now or in the future, the National Energy Program that was introduced along with the budget 'has serious implications."

Jan 1, 1981

By Tomoya Kawasaki, Tatsuya Motomura, Yutaka Yasuda

Saganoseki Smelter, one of the largest copper producers in Japan, currently operates a single flash smelting furnace to produce 450,000 tons of new copper annually. The smelter used to employ two flash furnaces, and integrated the two into one in 1996. Since then, various improvements to its facilities and technologies have been made to increase productivity. To upgrade the operation efficiency, "stability" was considered a key issue, and the measures were taken to increase the operation and facility reliability. Currently, the furnace is running at a feed rate of 215 DMT/h, while the furnace utilization has been maintained at 97%. This paper outlines recent improvements that have made to increase furnace productivity and efficiency.

Jan 1, 2014

By R. Khanna, K. Hyun Ko, A. J. Berkovich, J. Hook

"The co-pyrolysis of synthetic polymer polyethylene terephthalate (PET) and agricultural wastes (naturally occurring polymer-macadamia nut shell) was investigated in the temperature range 473K to 1273K using a horizontal furnace with an aim to understand their thermal degradation under isothermal conditions. In-depth characterization of pyrolysis residues was carried out using x-ray diffraction (XRD) and solid state nuclear magnetic resonance (NMR) for carbon structure, and through determination of the concentration of unpaired electrons using electron paramagnetic resonance (EPR). In previous studies, it has been found that PET thermally decomposes ~ 650K-700K, releasing (~80 wt % of initial weight) gaseous products due to random chain scission. In the case of macadamia nut shell, three types of byproduct can be obtained from pyrolysis: char, tar and gaseous products. In the co-pyrolysis of macadamia nut shell with PET in 50-50 wt% ratio, total product weight ratio could be modified with the addition of PET acting as a hydrogen source. This is because a recombination of thermal cracking products of cellulose could be suppressed by hydrogen from PET, which will later lead to an enhancement of tar formation. In addition, pyrolysis around 673K is sufficient for bond cleavage to occur in cellulose and lignin leading to the formation of negatively charged activated carbon with high surface area, providing bonding sites for volatiles evolving from PET. Therefore the co-pyrolysis may be able to enhance the product yield (tar/char/solid carbon residue) along with a reduction in the release of gaseous products. During the co-pyrolysis, temperature was found to have a significant influence on the kinetics of thermal degradation and solid residual by-products after co-pyrolysis.INTRODUCTIONPlastics are being used worldwide in a wide range of applications in the modern society; their usage has resulted in increasingly a massive waste problem. The production of most synthetic plastics requires hydrocarbons that are produced from petrochemicals derived from fossil oil and natural gas, a non-renewable source (Speight 2011). Currently, plastic manufacture utilizes ~4% of world oil and gas production, and it is expected to drive further increases in petroleum demand by 1-2% due to their large volume of manufacture (Hopewell, Dvorak et al. 2009). Landfilling and incineration of plastic waste are the two main routes to plastic waste management (Encinar and González 2008). In Australia, only 10% of waste plastics were recycled in 2006 (White and Hyde 2011). This means that large amount of fossil fuels from plastics has either been simply burned for energy recovery or buried in the ground. There is an urgent need for developing alternative avenues for recycling waste plastics. Our group at UNSW has carried out extensive research on the recycling of waste polymers as carbon resource in steelmaking including slag foaming and carbon dissolution from waste plastics into liquid steel at 1600°C; the effect of basic plastic characteristics such as chemical composition, structure, bonding network etc. was examined (Sahajwalla, Rahman et al. 2009)"

Jan 1, 2012

By P. G. Thornhill

EARLY in 1951, Falconbridge undertook a research program aimed at the development of a sulphate roasting process for the recovery of the non-ferrous rnetals from the nickeliferous pyrrhotite fraction of Falconbridge ore, in order to reduce the tonnage of iron entering the srnelter. Such a method, it was hoped, would permit a high recovery of the nickel from pyrrhotite otherwise entering the smelter feed, thus not only raising the grade of the latter and reducing its iron content, but also providing an iron oxide residue useful as a source of by-product iron ore. At an early stage in the exploratory laboratory test work it was found that the degree to which the nickel could be solubilized by the sulphating roasting treatment was limited by particle size and the ex-tent to which the pyrrhotite concentrates were freed of the nickel occurring as physically separable pentlandite, a mineral relatively difficult to roast. ( 1) Thus the program

Jan 1, 1961

By J. G. Cullain

Inco Limited is an integrated mining, smelting, refining and manufacturing company with operations located worldwide. The Ontario Division operations consist of 13 mines and 10 processing facilities located in Sudbury, Port Colborne and Shebandowan. The scope of our utilization of energy in the Ontario Division in 1976 included in excess of 2.2 billion kilowatt hours of electric power, 12 billion cubic feet of natural gas, 60 million Imperial gallons of residual oil and smaller quantities of other fuels. In addition to the primary energy consumption, waste-heat energy is recovered in various operations throughout the Division, thereby reducing our primary energy requirements. Total expenditures for primary energy alone in 1976 exceeded 60 million dollars. Energy management studies were initiated by Inco's Utilities Department in late 1972, and resulted initially in a program of electric power cost reduction. This program produced significant results by improving the use of the water available for our hydraulic generation facilities and by a comprehensive peak reduction program. Our experience showed that a program of peak power control creates an awareness of both peak and energy costs, and thereby encourages a general reduction in the electric energy consumption as well as lowering the peak demand. Energy management is a continuing program at Inco and, recently, a formal energy management policy and program was instituted. Energy management committees were formed in each plant or mine area to identify the major areas for energy; consumption, thereby isolating areas with large potential energy losses, and determining immediate action which will improve the energy efficiency or reduce the energy waste within their respective areas. A decentralized program with good cross-communication between all committees was felt to be the best method of providing an on-going effective energy management program. In the future, the projections of dwindling fossil-fuel supplies in Canada and the resultant spiralling energy costs will further emphasize the need of sound energy management practices for all Canadian industry.

Jan 1, 1977

By I. Le May

"The assessment of integrity in plants is discussed, together with the codes that are being developed for in service evaluation of engineering fitness for service. The use of Risk Based Inspection is described and some examples are provided of the evaluation of in service components in which flaws have been detected. An example of the assessment of the structure of a mine processing facility is described, and application of Risk Based Inspection and plant assessment procedures to mines is discussed. Periodic assessment of large plants and components to determine their integrity for continued safe operation is becoming a more accepted approach than formerly when regular shutdowns were the normal practice. This is on the way to becoming the preferred procedure for petrochemical plants and power generating plants, and the same philosophy is appropriate for many mining operations. Both the American Petroleum Institute (API) and the American Society of Mechanical Engineers (ASME) have committees developing codes for the continued operation of equipment as distinct from the existing design codes. The philosophy is one of risk-based inspection, which can be on a purely qualitative basis or more quantitatively based.The purpose is to reduce the inspection of unnecessary and non-critical items and to concentrate on the most critical components, reducing costs and downtime and increasing safety. The approach differs from that considered by many maintenance engineers, in that defects that are identified during an integrity evaluation do not automatically cause a component or structure to be condemned or require that repairs are made right away. The seriousness of the defect must be considered and the safe operating life can be estimated before it becomes necessary to replace or repair the unit or component. This is no different from what is done today with passenger aircraft and, to an increasing extent, with pressure vessels, reactor vessels and similar components in the petrochemical and power generating industries."

Jan 1, 1998

By M. Holmes, R. Molnar, E. Norton, K. Baxter, J. Riordan

The Boleo Copper-Cobalt-Zinc-Manganese Project of Baja Mining Corp. is situated adjacent to Santa Rosalia on the Baja Peninsula of Mexico. The El Boleo ore is a mixed oxide-sulfide deposit with major values in copper, cobalt, zinc and manganese. The metallurgical process designed to treat the El Boleo orebody involves a sulfuric acid leach in seawater using oxidative and then reductive leaching to maximize metal extraction. The leach solution is separated from the barren solids via counter current washing through a series of high rate thickeners. Copper is recovered using conventional SX-EW processing as cathode. Zinc and cobalt are extracted from the copper SX raffinate after iron and aluminum precipitation. The CSIRO DSX solvent system (Versatic® 10 and LIX® 63 mixture) are used in this extraction. Manganese remains in the DSX raffinate and is recovered by soda ash addition as a high quality manganese carbonate precipitate. Zinc and cobalt are acid stripped from the loaded DSX solvent. Zinc is then re-extracted away from cobalt using Cyanex® 272 extractant and stripped into a highly concentrated strip liquor (+100 g/L Zn) and directed to either a spray dryer or a granulator for production of zinc sulfate monohydrate. The zinc solvent extraction raffinate, containing cobalt, advances to another SX circuit using Cyanex® 272, for the recovery of cobalt as cobalt cathode. In this paper, the detailed results from bench and integrated pilot plant testing for zinc recovery from the El Boleo ore will be described. The results of this testing are currently being used to engineer the commercial plant at El Boleo.

Jan 1, 2008

By A. I. Collins, D. Danninger

Newmont has installed advanced control and online optimization on the dry grinding circuit and both roasters on its Carlin Trend refractory ore treatment plant. Subsequently, Newmont has developed a master plan for institutionalizing advanced control and optimization on all its processing units. Newmont is committed to a program of applying advanced control and optimization from crushing of ore to pouring of gold. This paper describes Newmont's experience with implementing advanced control and optimization and the benefits received. In addition, identification of advanced control and optimization opportunities and their economic justification is discussed.

Jan 1, 2005

By D. T. Pritchard

"Introduction""No accounting system is very good, and all of them are infinitely variable*.”The purpose of this chapter is to discuss those facets of a typical accounting system which are most commonly encountered by operating managers in mineral processing plants. However, before concentrating in any detail on these it is important to understand the broad purposes and basic techniques of any accounting system in any major business.The three broad purposes of an Accounting System are:- Administering, controlling, and recording the flow of cash in and out of the business. Cash is, of course, converted into other assets (or stores of value) such as inventory, plant and equipment, etc. These assets also have to be administered, controlled and recorded.- Internal reporting to Management for information, for control, and for use in making business plans and decisions. - External reporting to stockholders, government, lenders and other outside parties.In this chapter we shall organize our discussion of accounting practice in mineral processing plants around these three purposes of accounting and focus in some detail on specific practices and techniques with which operating personnel will be routinely involved. This chapter is divided into the following: Accounting Basics; Administration, Control and Recording of Cash Flows; Internal Reporting; Planning and Budgeting; Cost Control; and External Reporting."

Jan 1, 1989

By A. Roy, T. LeBel, P. Coursol, P. Lind

At the early stage of a mining project, small amounts of concentrates are available for testwork. For gold concentrate or ores containing significant arsenic levels, batch bench scale roasting is often unreliable, leading to highly variable gold recoveries to be used in the project’s financial justifications. With an appropriate bench scale unit using continuous feeding and residence time control for solid and gas phases, reliable numbers can be obtained at small scale with only a few hundred grams per test condition. This paper describes the development of a pilot fluid bed roasting unit by Kingston Process Metallurgy Inc. (KPM) to perform representative trials on gold concentrates containing arsenopyrite, arsenian pyrite and carbonaceous components. Calcines produced under different conditions were characterised by chemical analysis and electron microprobe; the calcine microstructure obtained is described. The most important parameter affecting gold recovery is oxygen content in the roasting atmosphere, with the lowest controlled oxygen level giving the highest gold recoveries. Higher local temperatures in the bed may cause the formation of molten glassy phases which can also reduce the gold recoveries significantly. The impact of roasting conditions in the two inch fluid bed is compared with commercial results obtained in full scale operation.

Jan 1, 2014

By Jarret Thomson

An understanding of groundwater flow is essential for many aspects of mining. This is especially true for the process of shaft sinking through the sandstones of the Manitou Falls Group in the Athabasca Basin of northern Saskatchewan. Experience has shown that the hydraulic conductivities of these sandstones can be relatively high, especially in zones containing natural fractures. To develop a better understanding of the inflow potential into a shaft, a laboratory testing program was undertaken to investigate the hydraulic conductivity of fracture core samples from the Manitou Falls Group. This program involved the measurement of hydraulic conductivities under steady-state flow conditions, while cycling the effective confining pressure across a span that is representative of in-situ conditions. The change in fracture aperture was simultaneously recorded at each confining stress level. It was found that existing relationships relating aperture and flow did not accurately capture the behavior of the samples tested. The effects of fracture staining and infilling were also investigated, and were found to have a notable impact on the hydraulic conductivity.

Jun 1, 2012

By William E. Roscoe

"Mineral exploration properties are those on which an economically viable mineral deposit has not yet been discovered. Such properties are bought, sold, optioned and joint ventured on the basis of their perceived potential for the existence and discovery of a viable mineral deposit. The intrinsic value of an exploration property is therefore based on the exploration potential. One measure of the exploration potential is the amount that can be justified to spend on exploration for a viable deposit.The appraised value method uses a cost approach to value exploration properties. It is based on the premise that an exploration property is worth the meaningful past exploration expenditures plus warranted future costs to test remaining exploration potential. Results of past exploration work are analyzed in order to retain only those past expenditures that are productive in terms of identifying remaining potential. Warranted future costs comprise a reasonable exploration budget to test that potential.INTRODUCTIONThe purpose of this paper is to describe a cost approach to the valuation of mineral exploration properties and to provide some valuation examples. The particular cost approach described is the Appraised Value Method, which is best applied to mineral properties at the exploration stage.At present there are no comprehensive regulations or guidelines in Canada which specify what approaches and methods to use for the valuation of mineral properties. In this paper, the Appraised Value Method described is one method that the writer considers to be accepted industry practice for mineral properties at the exploration stage.Mineral properties are valued for a number of reasons, including mergers and acquisitions, non arm's length transactions, pricing of initial public offering of stock, support for property agreements, litigation, expropriation, and insurance claims."

Jan 1, 2003

By Mostafa Benzaazoua, Emilie Ré, Raphaël Mermillod-Blondin, Hassan Bouzahzah, Jean-François Wilhelmy, University of Québec in Abitibi-Témiscamingue

"We analyzed two copper and lead flotation concentrates from the LaRonde mill using MLA technology (Mineral Liberation Analyzer) to identify the contaminants and to quantify their size and liberation. The MLA mineral quantification was compared with traditional mineralogical techniques (Scanning Electron Microscopy, Optical Microscopy, X-Ray Diffraction and Chemistry). The accuracy of MLA data was then quantify in application to metallurgical decision (mineral identification, mineral quantification, particle sizing and liberation quantification). We prepared five well-known materials from pure minerals and analysed them by MLA. MLA concentrates analyses showed the lead concentrate is mainly contaminated by pyrite and sphalerite. These minerals are liberated above 70 % and present a floatable size around 15 to 35 µm. Surface activation by dissolved lead from galena is therefore assumed for these contaminants. The analyses of the known samples show that mineral quantification and size distribution given by the MLA are consistent with the chemical analyses and the laser particle sizer. The liberation measurement is affected by the stereological effect. Modelling quantifies the overestimation of the particle liberation. Based on the modelling, the stereological shift on liberation should not impact metallurgical conclusions on the concentrate contaminations.INTRODUCTIONTo face the diversity of mineral processing challenges, the process mineralogy includes phase quantification, measurement of mineral size, liberation by exposure and by grade, association, surface contact proportion and texture. In the last decades, two SEM commercial tools emerged: MLA and QEMSCAN R. Both are based on specific combinations of backscattered electrons and X-ray images as well as image analysis routines developed at CANMET (Petruk & Pinard, 1976, Petruk, 1989), CSIRO (Frost, O'Hara, Suddaby, Grant, Reid, Wilson & Zuiderwyk, 1977, Reid, Gottlieb, MacDonald, & Miller, 1984) and JKMRC (Hall, 1977, Gu & Sugden, 1995). Recently, TIMA (TESCAN) and Mineralogic MiningR (ZEISS) supplied automated mineralogy for mining industry (Bouzahzah, Benzaazoua, Graham & Cropp, 2015, Gottlieb & Dosbaba, 2015a). In parallel, home-made routine were developped to resolve mineralogy challenges in mineral process but also in geometallurgy and mining environment (Kahn, Mano, & Tassinari, 2002, Knight, Klassen & Hunt, 2002, Mermillod-Blondin, Benzaazoua, Kongolo, de Donato, Bussiere & Marion, 2011, Hunt & Bradshaw, 2015). SEM mineralogy become essential to operation by setting units on mine sites (MacDonald, Latti, Adair, Bradshaw, & Dunn, 2011, Goergen et al., 2013, Dobbe et al., 2014, Gottlieb & Dosbaba, 2015b)."

Jan 1, 2016

By James J. Holmes

ACCIDENT prevention as we know and understand it today is of comparatively recent origin. As a matter of fact, the Industrial Accident Prevention Association of Ontario, which is the oldest organization of its kind in the Dominion, celebrated its thirtieth anniversary only this year. On the other hand, one could say that the history of accident prevention is almost the history of mankind itself. In a general sense, every forward step that man has made throughout the centuries has been largely due to two things: (1) a desire for increased comfort, and (2) the need for safety; and, always, the need for safety has taken precedence over the desire for comfort. While it is true that hundreds of volumes have been published, dealing with the many aspects of accident prevention work, you cannot go to a library and pick out a book that has all the answers in it. Such a book has never been published-we are still looking for some of the answers. However, a good deal of real progress has been made.

Jan 1, 1945

By Eric L. Hoffman

Sample preparation technology changes Rock Soil Vegetation Analytical Innovation Assay or Geochem Choice of Digestions Choice of analytical method Whats new in analytical technology? Innovations in surface Geochemical Methods Hydrogeochemistry Biogeochemistry Soil Gas Hydrocarbons (SGH) Selective Extractions Glacial Environment Arid Environment

May 1, 2008

By B. Hohenstein, B. McBain, B. de Jong

"The automated fire assay system (Fast In-line Fire Assay or FIFA) has not found acceptance in the Au mining industry as the lower measurable limit of 0.20 ppm did not allow Au tailings to be measured with confidence. The development of arrested cupellation has overcome this hurdle which was a limiting factor in the FIFA 1 process. In the new automated fire assay process, automated sample preparation, fluxing, fusion and separation of a Pb button are essentially similar to the FIFA 1 process, albeit with some improvements. However, the game-changer is the development and incorporation of arrested cupellation into the automated system, now called FIFA 2. The purpose of arrested cupellation is to reduce the 50 g Pb button to a 5 g Pb button by partial cupellation in a specially developed arrested cupellation system thereby concentrating the Au in the Pb by a factor of 10 and in so doing moving them into higher concentration ranges in the mini-button where they can be read on the spark spectrometer. Results show that concentrations down to 0.02 ppm Au in geological materials can now be determined using arrested cupellation in the FIFA 2 process, an order of magnitude improvement over FIFA 1.INTRODUCTION Traditional fire assay for Au has remained virtually unchanged for 3000 years. It has survived for so long because it is accurate, has relatively low detection limits and is relatively inexpensive. However, it is labour intensive, has a long turn-around time (typically at least 7 hours), is environmentally unfriendly and exposes assay operators to potentially unsafe conditions (toxic fumes, toxic dust and extreme heat from furnaces). The NiS collection method is not as effective for the assay of Au as it is for the PGEs. A rapid, accurate, cost-effective method for the determination of Au and the Platinum Group Elements (PGEs) in geological materials would be a tremendous benefit to mining companies. Many of these objectives have been met by the FIFA 1 (Fast In-line Fire Assay) developed some 15 years ago in which automated methods have replaced the manual procedures which are part and parcel of conventional fire assay. However, concentrations below 0.2 ppm have been very difficult to achieve with sufficient reliability."

Jan 1, 2017

By J. E. Udd

A core sample for this study was taken from the sulphide ore of the Geco Mine. The subsequent research was based on the assumption that a part of the scattering of strength-grade data could be correlated with variations in the chemical and/or mineralogical compositions of the samples. The results demonstrate clear relationships between strengths in tension and compression and the zinc-iron contents of the rocks.

Jan 1, 1977

By John T. Ling

"This paper describes the operation of a rope haulage used as the main system of transportation in an underground coal mine. Prince Colliery, which is operated by the Cape Breton Development Corporation, has been in operation for 23 years and produces 1.2 million tonnes of coal annually. The mine extends a distance of 8000 metres under the Atlantic Ocean. All personnel and supplies are transported by means of an endless rope haulage system consisting of a train of rail cars that are operated by an electric engine on surface. The wire rope is 15 km long and weighs 63 tonnes. The system is believed to be the longest of its type used in an underground coal mine. The design of the system, safety features of the haulage, and problems encountered during the design and construction are described. IntroductionCoal has been mined commercially in Cape Breton, Nova Scotia since the 1800s. Several coal seams that are part of the Sydney coal fields, dip toward the north and northeast out under the Atlantic Ocean at angles between -4 and -15 degrees. Coal has been economically mined at depth in excess of 1200 m and more than 11 km from the coastline.Traditionally, single and double drum hoists have been used to haul the coal to the surface and also for transporting the workers and the materials required for mining up to 8 km. With the introduction of mechanized mining methods in the late 1960s, conveyor belts began to replace rope hoists for coal transportation. Improvements in hoisting system design also allowed for drums that could wind up to 6100 m of 32 mm wire rope in 15 layers.These hoists are commonly referred to as “drop hoists” because they take advantage of the gradient of the slope to assist in allowing the mine car train to reach the end of travel. The cars travel on steel rails and the rope is guided by rollers to reduce friction in the system."

Jan 1, 1999

By H. Scott Swinden

"ForewordA symposium on base metal deposits was held in Bathurst, New Brunswick, from June 10-13, 1990, sponsored jointly by the Geological Surveys Branch of the New Brunswick Department of Natural Resources and Energy, the New Brunswick Prospectors and Developers Association, and the Geology Division of the Canadian Institute of Mining, Metallurgy and Petroleum . Papers prepared for the symposuim are being published as a series of articles in the CIM Bulletin. This second paper (the first was by Fyffe, et al., in Vol. 83, No. 938) in the series presents an overview of the paleotectonic settings of massive sulphide deposits in the Dunnage Zone of Newfoundland with emphasis on volcanic geochemistry.ABSTRACTCambrian and Ordovician volcanic sequences of central Newfoundland, which record the history of the Iapetus Ocean, are prolific hosts to volcanogenic massive sulphide (VMS) deposits. Geochemical, isotopic and geochronological studies show that the vestiges of Iapetus in Newfoundland probably record a complex series of island arcs and back-arc basins that were marginal to, rather than part of, the main ocean basin of Iapetus. The geochemical and isotopic data provide a means of characterizing the tectonic environment of individual volcanic sequences, and allow us to identify a number of distinct tectonic environments in which VMS depositiontook place.Four tectonic environments have been identified as being associated with VMS deposition: (I) back-arc environments hosting VMS deposits include both N-MORB-type ophiolites (e.g. Skidder?) and volcanic sequences with oceanic island (or within plate) tholeiite characteristics (e.g. Great Burnt Lake); (2) primitive arc environments include both supra-subduction zone (SSZ) ophiolites (e.g. Betts Cove, Rambler) and volcanic/epiclastic sequences (e.g. Point Leamington, Duck Pond) and are characterized by abundant arc tholeiites, with lesser refractory lavas and rhyolites; (3) mature arc environments comprise dominantly thick felsic and mafic volcanic piles in the Buchans - Robert's Arm Belt (including the Buchans camp) and are characterized by dominantly calc alkalic basalt and andesite; and (4) continental rift environments occur in the Hermitage Flexure area (e.g. Strickland deposit) and are characterized by dominantly felsic volcanic sequences.Island arc environments are by far the most prolific hosts to VMS deposits. Patterns of VMS distribution in central Newfoundland show that similar tectonic settings may be recorded by very different stratigraphic sequences (e.g. both ophiolites and thick volcanic/ epiclastic sequences may record primitive arc rifting) and emphasize the importance of the rifting in VMS generation, irrespective of the details of the tectonic or stratigraphic setting. The ability to judge the prospectiveness of a volcanic sequence by using whole rock geochemistry to evaluate its tectonic environment may prove useful in area selection at the grassroots exploration level."

Jan 1, 1991

By Robert B. Parsons

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

Jan 1, 1985