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At the Annual Meeting of the RMCMI Board of Directors held June 29, 1985, the following amendments to the corporation bylaws Article III were made: Section 2. Advisory Board. There shall be an Advisory Board of Directors which shall be com- posed of all former presidents of the corporation and of the unincorporated association, also known as The Rocky Mountain Coal Mining Institute, of which the corporation is the successor. The Advisory Board shall periodically review the philosophy and policies of the corporation and make recommendations concerning the same to the Board of Directors. The Advisory Board shall hold an annual meeting at the same place as and immediately pre- ceding the annual meeting of the members in each year and written notice stating the place, day, and hour of the meeting shall be given or mailed to each member of the Advisory Board at least thirty days prior to the date fixed for such annual meeting. The annual meeting of the Advisory Board shall be for the purpose of electing a chairman from among its members and the person so elected chairman shall also serve as a member of the Board of Directors of the corporation. The Advisory Board shall meet at such other times and conduct its affairs in such a manner as it shall determine from time to time by resolution. Section 4. Regular Meetings. A regular meeting of the Board of Directors shall be held immediately following the annual meeting of the members, at the site of the annual meeting of the members, the day and time to be fixed by the Board of Directors at its annual meeting immediately pre- ceding the annual meeting of the members in each year, without the necessity of any other or advance notice. Such regular meeting of the Board of Directors shall be for the purpose of considering committee appointments, and for the transaction of such other business as may come before the meeting. A regular meeting of the Board of Directors shall also be held in the Fall of each year following the annual meeting of the members and written notice stating the place day and hour of the meeting shall be given or mailed each member of the Board of Directors at least thirty days prior to the date fixed for such regular meeting. Such Fall regular meeting of the Board of Directors shall be for the purpose of receiving the treasurer's annual financial report of the previous fiscal year as reviewed and approved by the auditor, to take action on the budget, and for the transaction of such other business as may come before the meeting. Section 8. Standing Committees. The Board of Directors may create by resolution adopted by a majority of the entire Board of Directors, a Bylaws and Resolutions Committee, a Nominating Committee, a Finance Committee, and one or more other committees each of which shall consist of two or more directors and which shall have and may exercise such authority in the management of the corporation as shall be provided in such resolution or in these bylaws. Section 9. Ad Hoc committees. The Board of Directors from time to time may by resolution create a Membership Committee, a Scholarship Committee, an Education Committee, various convention committees, and one or more other committees each of which shall consist of members of the corporation and which shall have and may exercise such authority, other than in connection with the management of the corporation, as the Board of Directors may determine. MINUTES of the Rocky Mountain Coal Mining Institute 81 st Member Annual Business Meeting July 2, 1985 The 81st Annual Business Meeting of the mem¬bers of The Rocky Mountain Coal Mining Institute was called to order by the president, Charles W. Margolf at 1:35 p.m. Tuesday, July 2, 1985 in the Windom Peak Room of the Tamarron Resort near Durango, Colorado. Thirty members were present and a quorum was established. It was moved by Bill Balaz, seconded and car¬ried to dispense with the reading of the minutes as these were published on pages 67 thru 77 of the 1984 issue of the Proceedings. The chair called for reports of the various com¬mittees and these reports will be placed on file in the RMCMI Office. Bylaws and Resolutions. Chairman Loren V. Linville reported that the Board of Directors had adopted changes to Article III, Sections 2, 4, 8 and 9 calling for clarification of Ad Hoc and Standing Committees as well as setting forth a purpose for the Advisory Board meetings and stating a time for an annual meeting. He further reported that the Board had passed three resolutions: (One) Noting the passing of these members since the last conven¬tion - Einar M. Arentzen, Gerhardt A. Benne¬witz, Claude P. Heiner, Raymond A. Johnson, Vard H. Johnson, P. T. Schonstrom, Augusta F. Whiteside and Edward Wiemann; (Two) Of appreciation to the officers, chairmen and their commit-

Jan 1, 1985

[ACC, Inc. Bucyrus-Erie Company CINCO (Coal Industry Consultants, Inc.) Coal Magazine Colowyo Coal Company Coors Ceramic Company Crane & Hoist Sales, Inc. Cummins Power. Inc. Cummins Southwest, Inc. Cyprus Coral Company Denver & Rio Grande Western Railroad Company Energy Fuels Corporation FMC Corp.- MHE Division Ford. Bacon & Davis Inc. T.J. Gundlach Machine Company Hemscheidt American Corp. GH Hensley Industries Honnen Equipment Company Jennmar Corporation Soy Technologies, Inc. K&P Sales Engineers, Inc. Kennametal, Inc. Kerr McGee Coal Corp. McLanahan Corporation National Mine Service Company Peabody coal Company Pitrsburg & Midway Coal Mining Co. Pyramid Parts, Div. American Alloy Ramsey Technology. Inc. Roberts & Schaefer Company Santa Fe Pacific Coal Corporation Scandura. Inc. Tamarron Resort TIC (The Industrial Company) Tribol Utah Power & Light Western Energy Company]

Jan 1, 1988

[ACZ, Inc. Boliden-Allis CINCO (Coal Industry Consultants, Inc.) Coal Colowyo Coal Company Commercial Testing & Engineering Co. Crane & Hoist Sales, Inc. Cummins Power, Inc. Cummins Southwest, Inc. Cyprus Coal Company Energy Fuels Corporation Ford, Bacon & Davis Utah, Inc. T.J. Gundlach Machine Company Harnischfeger Corporation Hemscheidt Corp. GH Hensley Industries Honnen Equipment Company Jennmar Corporation Joy Technologies, Inc. K&P Sales Engineers, Inc. Kennametal, Inc. Kerr McGee Coal Corporation Neil F. Lampson, Inc. McLanahan Corporation National Mine Service Company NERCO Coal Corporation North American Coal Corporation Peabody Coal Company Pittsburg & Midway Coal Mining Co. Ramsey Technology, Inc. Roberts & Schaefer Company Rocky Mountain Machinery Company Santa Fe Pacific Coal Corporation Scandura, Inc. Sheraton Steamboat Southern Pacific Utah Power & Light Company Western Energy Company]

Jan 1, 1989

By Charles L. Kimbell

In overview, the world's mineral industry in 1989 registered gains over its 1988 performance, but these gains were by no means as pronounced as had been those of 1988. The traditional statistical measures of mineral industry performance, namely production, trade, and consumption levels, reflected significant growth in most industry sectors from crude material extraction through the gamut of down- stream processing. Growth in market economy countries generally exceeded growth in the centrally planned economy countries as a result of a variety of causes that will be covered subsequently, but even among the centrally planned countries there were some upturns. In contrast to these measures of the soundness of the industry, the situation for nonfuel mineral and metal prices was less satisfactory than in 1988, and low crude oil prices continued as a problem for the all-important petroleum sector, despite some gains during the year. The oil price situation mitigated against price increases for competitive fuels. Although this was unfavorable for fuel producers, it remained advantageous to consumers, including nonfuel mineral producers, processors, and transporters. Thus it cannot be viewed as a negative factor for the whole of the global mineral industry. Global crude mineral output value was estimated at nearly $1,420 billion in current dollars, an increase of 9% over the 1988 level, and an increase in current dollar terms for the seventh consecutive year. Measured in terms of constant dollars, however, adjusting for inflation, the increase was only 4.7% compared with the 1988 level. Despite the prolonged growth trend, the 1989 crude mineral output value level was still 3.2% below the record high set in 1980, which was $1,467 billion in terms of 1989 dollars.

Jan 1, 1992

[ACZ, Inc. BHP-Utah International, Inc. CINCO (Coal Industry Consultants, Inc.) Coal Colowyo Coal Company Crane & Hoist Sales, Inc. Cummins Southwest, Inc. Cyprus Coal Company Energy Fuels Corporation Ford, Bacon & Davis Utah, Inc. T.J. Gundlach Machine Company Harnischfeger Corporation Hemscheidt Corporation GH Henley Industries Jennmar Corporation Joy Technologies, Inc. K&P Sales Engineers, Inc. Kennametal, Inc. Kerr McGee Coal Corporation Keystone Resort Neil F. Lampson, Inc. McLanahan Corporation National Mine Service Company NERCO Coal Corporation North American Coal Corporation Peabody Coal Company Pittsburg & Midway Coal Mining Co. Ramsey Technology, Inc. Roberts & Schaefer Company Rocky Mountain Machinery Company Santa Fe Pacific Coal Corporation Scandura, Inc. Southern Pacific Lines Utah Power & Light Company Western Energy Company]

Jan 1, 1990

By James J. Scott

I am indeed honored to be the 1991 recipient of the Daniel C. Jackling Award. To be voted this honor by my peers in the Society for Mining, Metallurgy, and Exploration and AIME means more to me than I can truly express. Daniel Jackling's position and prominence in the mining industry first came to my attention in the fall of 1949 when I transferred from Wisconsin Institute of Technology, then a three-year school, to the Missouri School of Mines to complete my last year for a bachelor's degree in mining engineering. I played basketball in the Jackling gym and ran track on the Jackling field. I didn't know a lot about Jackling then, except he was an honored graduate of the school and, obviously, supported the school financially. Over the years, Jackling's name kept coming up. He was a man with a reputation for being a doer, a mining leader who was always a step ahead, a mining engineer who knew how to motivate men in the working place, to organize mining systems, to finance and organize corporations. to open up new, low-grade ore bodies for exploitation. If Jackling were alive today, I would expect he would bean excellent candidate to apply practical rock mechanics to his projects. Looking over the list of Jackling Award recipients, I have known many, have met many personally and had a few who were dear friends that affected my own professional life. Ab Shoemaker, '58, and I consulted at the White Pine Copper Co. on mining problems in the 1960s. We arranged for our visits to the mine to coincide so that we could collaborate on our ideas. I would rent an auto and drive for Ab. He said he was the only mining engineer in the country that had a PhD for a chauffeur. James Boyd, '67, was my mentor as regards the White Pine Rock Mechanics Program that we organized in 1963. Only through Boyd's forsight. leadership, dedication and willingness to spend money on research and development did the Practical Rock Mechnics Program at White Pine succeed. He never wavered in his support to that program or to me personally. Tom Howard, '75, was my predecessor in 1970 as Director of Mining Research for the US Bureau of Mines. When I joined the Bureau in August 1970, he had the research centers up and running. Any successes I may have had with the Bureau of Mines were due in great part to Tom's leadership and organization throughout the 1960s. Gene Cameron, '68, was my teacher at the University of Wisconsin and I remember him fondly. He was the one professor who lectured in a manner that made me welcome going to his classes each day, a truly remarkable educator. If you have come today to listen to me talk about instrumentation, rock properties, stress-strain relationships, rock mechanics theory, etc., you will be disappointed. Large volumes of data have been collected by well qualified theoreticians to define stress-strain conditions in mines. Unfortunately, very little of this data has been used by industry due to the lack of initiative and understanding by the researchers to the true problems of implementation in the industry. I hope my remarks will assist future investigators to work through the maze of operational problems so they will experience the satisfaction of seeing their research used. I fully realize that the Jackling Award is given by the Society for Mining, Metallurgy, and Exploration and is primarily offered for accomplishments in hardrock mining. I have found it impossible to separate hardrock and coal mining when I talk about "Applied Rock Mechanics." There is too much overlap and the same mechanics principles are applied to both. For example, coal mine designs have been applied to salt, trona and potash. Also, the original layout and design of White Pine Copper Mine was based on coal mine designs. Any developments to apply rock mechanics ideas must

Jan 1, 1992

BHP-Utah International, Inc. Coal Magazine Crane & Hoist Sales, Inc. Cummins Southwest, Inc. Cyprus Coal Company Harnischfeger Corporation Hemscheidt Corporation Jennmar Corporation Joy Technologies, Inc. K&P Sales Engineers, Inc. Kennametal, Inc. Kerr McGee Coal Corporation McLanahan Corporation National Mine Service Company The North American Coal Corporation Peabody Coal Company Pittsburg & Midway Coal Mining Co. Roberts & Schaefer Company Santa Fe Pacific Coal Corporation Southern Pacific Lines Tamarron Resort Utah Power & Light Company Utility Fuel

Jan 1, 1991

By Charles L. Kimbell

In broadest overview, UN global industrial production indicators released and shown in table 2 suggest that the extractive sector of the world's mineral industry in aggregate registered a very slight upturn in 1991 relative to its 1990 performance. It also shows a continued rebound in the industry from the recessionary period of the mid-to late-1980's. These same indicators as calculated in late 1991, however, reflected a very minor downturn in extractive mineral industry operations between 1989 and 1990. This latter downturn represented a notable revision from the data reported in the immediate previous edition of this chapter, which suggested a tiny upturn. The apparent slight 1991 upturn in extractive sector industrial output generally was not mirrored in the performance of the processing sectors of the global mineral industry. Although the aggregate index for the chemicals, petroleum, coal, and rubber products manufacturers (see table 3) showed a notable gain in 1991, similar indices for nonmetallic mineral products and for base metals registered declines between 1990 and 1991. Examination of regional performance indices shows that the difficulties experienced in 1990 in maintaining output levels within the countries that formerly constituted the CMEA were reinforced by trends toward reduced gains in output levels, if not actual reductions in output, in several other areas. Generally speaking, the traditional developed market economy countries recorded downswings in overall industrial activity in 1991, particularly after midyear, whereas developing market economy countries logged gains. The developed market economy country downturns, however, were not nearly as significant as were the downturns recorded for the former centrally planned economy states - those that before 1992 were either constituent Republics within the U.S.S.R. or the latter's CMEA partners.

Jan 1, 1993

By H. Douglas Dahl

Thank you, Don Gentry, for your generous introduction. It is not adequate simply to say that I appreciate very much the vote of the Award Committee putting forth my name as the winner of the 1992 Daniel C. Jackling Award. To look at the list of previous Jackling Award winners is a humbling experience. The Society for Mining, Metallurgy, and Exploration has been blessed with some exceptional members over the years, and I feel privileged indeed to be included among the Jackling Award winners. During the years of my education at Penn State, my field of specialization was mining engineering, with particular emphasis in my master's and Ph.D. work on rock mechanics. But my career has not been quite so tightly focused as that. I have been involved with coal mining in all its variety - its technical aspects, both theory and practice; and its business side, dealing with management and labor, accountants and lawyers, politicians and environmentalists. And I have also been involved with related fields - construction; exploration; barges, railroads, ships and docks; supply houses; the coke business; you name it. Coming from that practical background, I believe it is most appropriate that I talk with you today about some practical matters. But I will not advise you today how to mine coal or protect roof in a hard-rock mine. You fellows know how to do that. The practical matters that I have in mind relate to policy - national policy. I will acknowledge immediately that national policy is often much less than practical, but bear with me as we explore the subject together. I am reminded of a supervisor I had early in my career. He very strongly advised me, back in 1961, to "get involved in the political process," for without objectivity injected into our national policy making, we will become a second-rate economic power. I have selected as the subject of my remarks today, "Coal and the de facto National Energy Policy." There is an energy policy relating to coal, a de facto one, and it's the one we see as a result of regulation, attitudes and culture from our nation's capital. This de facto policy is the one we in the coal business live with every business day. My thesis is very simple - Coal is, in fact, a vital part of our national energy policy and will remain so, as a practical matter, no matter what politicians may do to us, or not do to us. Coal will prevail - that will be the happy ending to my story in which, of course, we are the good guys in the black hard hats. But first, I must flesh out the plot with some other characters and with some threatening activities. There are five main characters in my story: in order of appearance - Perpetual Politics, Rampant Regulation, Selective Science, Electrification and Confident Coal. The time: the present. Perpetual Politics is always a threat to coal. When you cross the Capital Beltway into Washington, D.C., check your wallet and your gold fillings, because you're not likely to run into any friends. On Feb. 20, 1991, just over one year ago, President Bush presented to Congress his National Energy Strategy. It's a thick document of more than 260 pages, with discussions on securing our future energy supplies, increasing energy effi-

Jan 1, 1993

By A. Rios

ENAMl's Paipote Smelter commenced operations in 1951. At present, it processes 230,000 tonnes/year of green feed in a conventional smelter, which comprises one reverberatory furnace, two Hoboken, one Peirce-Smith converters and one rotary anode furnace. The feed is composed of 83% copper concentrate and 17% metallic copper precipitates, which results in a feed average grade of 32% of copper content. The final products are 75,000 tonnes/year of copper anodes and 48,000 tonnes/year of sulphuric acid. At present, the plant is undergoing a modernization to expand the smelter capacity to 300,000 tonnes/year of green feed and increase the sulphuric acid production to 100,000 tonnes/year. This will be achieved with the installation of an El Teniente Converter and an expansion in the acid plant. The work began in November 1991 and is scheduled to be in operaton by March 1993. The paper provides an overview of the modernization plans and results achieved to-date.

Jan 1, 1993

Allis Mineral Systems ARCO Coal Company Buckley Powder Co. CALCO, Inc. Coal Magazine Colowyo Coal Company Continental Conveyor & Equipment Company Crane & Hoist Sales Cummins Southwest, Inc. Energy West Mining Company Paul J. Epley FMC Corporation The Falkirk Mining Company Fleischli Oil Co., Inc. T. J. Gundlach Machine Company Halbach & Braun Harnischfeger Corporation Hemscheidt Corporation Hyatt Regency Beaver Creek Jennmar Corporation Joy Technologies, Inc. K&P Sales Engineers, Inc. Kennametal, Inc. Kerr-McGee Coal Corporation McLanahan Corporation National Coal Association The North American Coal Corporation Northwestern Resources Company Peabody Coal Company Phillips Machine Service, Inc. Pincock, Allen & Holt, Inc. Pittsburg & Midway Coal Mining Co. Roberts & Schaefer Company Rust Tractor Company Salt River Project Santa Fe Pacific Coal Corporation Schroeder Industries Shearson-Lehman Brothers Southern Pacific Transportation Stamler Corporation Trapper Mining Inc. Wagner Equipment Company Western Energy Company Wheeler Machinery Company

Jan 1, 1992

Amax Coal Inc. Colowyo Coal Company Continental Conveyor & Equipment Company Crane & Hoist Sales Cummins Southwest, Inc. Energy West Mining Company Paul J. Epley The Falkirk Mining Company Fleischli Oil Company T. J. Gundlach Machine Company Halbach & Braun Hemscheidt Corporation GH Hensley Ingersoll Rand Jennmar Corporation Joy Technologies K & P Sales Engineers, Inc. Kennametal, Inc. Kerr-McGee Coal Corporation L & H Welding McLanahan Corporation National Coal Association The North American Coal Corporation Northwestern Resources Company Peabody Western Coal Company Phillips Machine Service, Inc. Pincock, Allen & Holt The Pittsburg & Midway Coal Mining Co. Ramsey Technology, Inc. Roberts & Schaefer Co. Rust Tractor Company Salt River Project Schroeder Industries Smith, Barney, Shearson Snowmass Resort Association Southern Pacific Lines Stamler Corporation TerraMatrix TIC (The Industrial Company Wyoming, Inc.) Trapper Mining Inc. Wagner Equipment Company Western Energy Company Wheeler Machinery Company

Jan 1, 1993

The second annual RMCMI Mine Rescue Performance Evaluation was held in conjunction with the 1993 RMCMI Convention at Beaver Creek. [ ] Six teams participated in this year's evaluation; BHP Minerals, Navajo Mine, Fruitland. NM; BHP Minerals - LaPlata Mine. LaPlata, NM; BHP Minerals - San Juan Mine. Waterflow. NM; The Coteau Properties Company - Freedom Mine, Beulah. ND; Cordero Mining Company, Gillette, WY; and The Falkirk Mining Company - Falkirk Mine. Underwood, ND. The Western Energy Company of Colstrip, MT was represented through observers and evaluators. [ ] Realistic industrial related scenarios, closely simulating the stress of actual rescue incidents, were provided by members of the Eagle Valley Ambulance Service. Five different scenarios were presented to each team on the first day of the evaluation and three on the second. Each team was given the pertinent information to solve the problem as they assembled at the scenario site. The scenarios were going on simultaneously and each team was unaware of the circumstances until they entered the scene. Interested onlookers were afforded the opportunity of viewing the actual simulated rescue operations as they occurred. The teams received valuable pointers and direction from the ream of evaluators following each scenario. They were are also given the opportunity to observe the other teams in action and to meet with the members of all the teams to share information and ideas during team meetings per the predetermined schedule. The primary goal is to recognize current rescue skills, knowledge, and abilities of participating teams. In doing this, each team was provided with individual evaluations and a path for improvement as needed. Each team was recognized for their efforts at an awards breakfast on the final day of the evaluation. New innovations in rescue equipment were introduced and demonstrated for interested teams following the awards program. The importance of progressive training such as what we are witnessing at evaluations during the RMCMI conventions cannot be stressed strongly enough. These teams are the providers of immediate rescue and medical care for victims of accidents at their respective properties. Every mining operation has the potential for very serious accidents due to immense size of equipment and mining logistics. These rescue teams must be prepared to act with the most immediate, professional and knowledgeable actions to save lives and prevent further injuries. Safety is a primary concern of every mining operation and the mine site rescue team is an integral part of that safety effort. The evaluation program is very appreciative for the financial support of the following businesses to enable this program to continue: Safety Master, Acme Welding, North American Coal, Triune. Cummins, OK Tire. Modern Industrial, The Industrial Company, Mine Safety Appliances (MSA), Biomarine, Personal Safety Enterprises, Inc., and Blattner Construction, Thank you again for your much needed assistance. Plan to be a part of next year's Mine Rescue Evaluation Program as a participant or an observer. You will be amazed at the skill levels of the Rescue Teams. See you next year! Linda G. Ash The falkirk Mining Company [ ]

Jan 1, 1993

Amercable, Inc. Andalex Resources, Inc. ARCO Coal Company Behre Dolbear & Company, Inc. Colowyo Coal Co. L.P. Continental Conveyor & Equipment Company Crane & Hoist Sales Crested Butte Mountain Resort Cyprus Amax Coal Co. Energy West Mining Company The Falkirk Mining Company Fleischli Oil Co. Inc. Halbach & Braun Industries Hemscheidt Corporation GH Henley Industries Ingersoll-Rand Co. Jennmar Corporation Joy Technologies, Inc. K & P Sales Engineers, Inc. Kennametal, Inc. Kerr-McGee Coal Corporation L & H Welding & Machine Co. McLanahan Corporation National Coal Association The North American Coal Corporation Northwestern Resources Company Peabody Western Coal Company Phillips Machine Service Pincock Allen & Holt Ramsey Technology, Inc. Rust Tractor Company Salt River Project Schroeder Industries Stamler Corporation TerraMatrix TIC (The Industrial Company Wyoming, Inc.) Trapper Mining Inc. Wagner Equipment Company Western Energy Company Wheeler Machinery Company

Jan 1, 1994

By Jean-Michel Rendu

That you are giving the Daniel C. Jackling award to me is a great personal honor. But more significantly, it is a recognition that geostatistics has come of age. And since I am considered by many as belonging to an older generation of geostatisticians, I thought that it would be fitting that I reflect on where geostatistics came from and where it might be going. First, though, let me propose a definition of geostatistics. Etymologically, paraphrasing Webster's definitions of "geo" and "statistics," it is "a branch of mathematics dealing with the collection, analysis, interpretation and presentation of masses of numerical data taken from the earth." This definition is most appropriate in the context of mining geostatistics. It includes both classical and spatial statistics. It emphasizes the earth aspect, or the analysis of geologic features. And it should remind the practitioner that geologic input is a critical part of all geostatistical applications. In the 1910s, statistical methods were already used to analyze geological data. However, the origin of geostatistics, as we know it today, is best set in the late 1940s, when H.S. Sichel recognized the lognormal distribution of sample values in the South African gold mines. In 1951, Daniel Krige observed that "it can be expected that the gold values in a whole mine will be subject to a larger relative variation than those in a portion of the mine." In other words, samples taken close to each other are more likely to have similar values than if taken farther apart. This observation is the foundation on which spatial statistics, which characterizes values defined in a multidimensional space, is built. However, the 1950s were marked by studies based on classical, as opposed to spatial, statistics. It was only in the 1960s that the need was recognized to model the similarity between sample values as a function of the distance between samples and that the semivariogram was defined. A theoretical framework was developed by Matheron that supplied an elegant mathematical explanation to the empirical observations made by Krige. Matheron coined the term "kriging" in recognition of Krige's pioneering work on the geostatistical evaluation of mineral deposits. As soon as this theoretical framework was developed, it was possible to bring geostatistics to the academic world. The "Centre de Geostatistiques" was founded in Fontainebleau. Numerous students were trained there, disciples eager not only to improve the theory and develop more sophisticated mathematical tools, but also to spread the new faith throughout the world. Expansion of geostatistics exploded in the 1970s, arguably the most fertile decade if it is judged by the frequency of theoretical breakthroughs, the number of original publica-

Jan 1, 1995

By Robert B. Parsons

"Finance Minister Paul Martin's second budget might be good for Canada's mining industry in the long run, but the budget raises a number of concerns for the industry in the near term. The budget papers suggest that the 25% resource allowance is not working as intended, and report that the Department of Finance will be reviewing this valuable allowance. The so-called ""large corporations tax"" rate will be increased. This annual tax, which is imposed on a corporation's capital even when the corporation is not in production, is particularly harmful to the mining sector.IntroductionThe Honourable Paul Martin, in his second federal budget, emphasized spending cuts and made only modest tax changes. However, two of these tax changes could have a serious impact on the Canadian mining industry: the proposed review of the 25% resource allowance; and, the increase in the large corporations tax rate.Personal Tax Measures Personal Tax Rates UnchangedThe government has been under political pressure not to increase personal tax rates. Mr. Martin's announcement that rates would not change will be popular."

Jan 1, 1995

ACM Equipment Sales Co. ACM/ICM Andalex Resources, Inc. ARCO Coal Company Behre Dolbear & Company, Inc. Coastal State Energy Company Colowyo Coal Co. L.P. Commercial Testing & Engineering Company Continental Conveyor & Equipment Company Crane & Hoist Cyprus Amax Coal Company Dakota Coal Company Driltech Inc. Empire Machinery Energy West Mining Company Fleischli Oil Company Inc. Halbach & Braun Industries Hemscheidt Corporation GH Hensley Industries Ingersoll-Rand Company Jennmar Corporation Joy Technologies, Inc. K & P Sales Engineers, Inc. Kennametal, Inc. Kerr-McGee Coal Corporation LeTourneau,Inc. Long-Airdox Company Magnum Metals, Inc. McLanahan Corporation Morgantown Machine & Hydraulics Morrison Knudsen Corporation National Mining Association The North American Coal Corporation Peabody Coal Company Phillips Machine Services, Inc. Pincock Allen & Holt Powder River Coal Co. Ramsey Technology, Inc. Rust Tractor Company Salt River Project Savage Industries Inc. Stamler Corporation Tamarron Resort TerraMatrix Inc. Texaco Lubricants Company TIC (The Industrial Company Wyoming, Inc.) Trapper Mining Inc. Wagner Equipment Comp any Western Energy Company Wheeler Machinery Company

Jan 1, 1995

Participating Scholarship Colleges and Universities 134 AmerCable, Inc 144 Andalex Resources, Inc 118 ARCO Coal Company 148 Behre Dolbear & Company, Inc 101 Coastal States Energy Company 100 Commercial Testing & Engineering Company 88 Crane & Hoist Sales Inc 121 Cyprus Amax Minerals Company 115 Dakota Coal Company DriltechInc 135 Empire Machinery Company 94 Energy West Mining Company 122 GH Hensley Industries 126. 127 Hitachi Construction Machinery (America) Corp. 12 Ingersoll-Rand Company 141 Jennmar Corporation 142 Joy Mining Machinery - A Harnischfeger Industries Company 104 K & P Sales Engineers, Inc 114 Kennametal Inc 95 Kennecott Energy Company 133 Kerr-McGee Coal Corporation 96 LeTourneau, Inc 145 Long-Airdox Company 112 Magnum Metals, Inc 138 McLanahan Corporation 129 Mine Technik America 124 Morrison Knudsen Corporation 97 National Mining Association 98 Nielsons,Inc 136 The North American Coal Corporation 130 Northwestern Resources Company 125 O&K Orenstein & Koppel, Inc 14 Peabody Western Coal Co 131 Phillips Machine Service, Inc. 13 Pincock Allen & Holt 120 Powder River Coal Company 107 Ramsey Technology, Inc 119 Rust Tractor Company 90 Salt River Project 91 Savage Industries Inc 89 Sheraton Steamboat Resort and Conference Center 111 Stamler Corporation (An Oldenburg Group Company) 117 Tamarron Hilton Resort 137 TerraMatrix Inc 139 TIC (The Industrial Company of Wyoming, Inc.) 99 Trapper Mining Inc 106 Wagner Equipment Company 116 Western Energy Company 105 Wheeler Machinery Company 128

Jan 1, 1996

[Mr. Scott Aberle Western Energy Co POB 99 Colstrip, MT 59323-0099 Mr. Brian L. Acton Oxbow Carbon & Minerals Inc 1601 Forum Pl-#P2 West Palm Beach, FL 33401 Mr. Laine W. Adair Genwal Resources Inc POB 1420 Huntington, UT 84518-1420 Mr. Thomas D. Aderman The North American Coal Corp 14758 Preston Rd #1100 Dallas, TX 75240-7891]

Jan 1, 1998

[Participating Scholarship Colleges and Universities 154 ACZ 149 AmerCable,Inc 144 Andalex Resources, Inc 118 Behre Dolbear & Company, Inc 101 Canyon Fuel Company 145 Commercial Testing & Engineering Company 95 Continental Conveyor 148 Cove Shoes 136-137 Crane & Hoist Sales Inc 121 Crested Butte Mountain Resort 134 Cyprus Amax Minerals Company 115 Dakota Coal Company DriltechInc 135 Empire Machinery Company 94 Energy West Mining Company 122 Fluor Daniel 100 GH Hensley Industries 126. 127 Hitachi Construction Machinery (America) Corp 123 Holme, Roberts & Owen 98 Honnen Equipment Company 150 Ingersoll-Rand Company 141 Jennmar Corporation 142 Joy Mining Machinery - A Harnischfeger Industries Company 104 K & P Sales Engineers, Inc 114 Kennecott Energy Company 155 Kerr-McGee Coal Corporation 96 LeTourneau,Inc 160 Long-Airdox Company 112 Magnum Metals, Inc 133 McLanahan Corporation 129 Mine Technik America 124 Mineral Tech 151 Morrison Knudsen Corporation 97 The North American Coal Corporation 130 Northwestern Resources Company 125 P&H MinePro Services 157 Peabody Western Coal Co 131 Phillips Machine Service, Inc Pincock Allen & Holt 120 Powder River Coal Company 107 Pyro-Chem 156 RamseyTechnology, Inc 119 Rust Tractor Company 90 Salt River Project 91 Savage Industries Inc 89 Schroeder Industries 147 Sheraton Steamboat Resort and Conference Center 111 Skelly & Loy 138 Snowmass Village at Aspen 146 Stamler Corporation (An Oldenburg Group Company) 117 Tamarron Hilton Resort 140 TerraMatrix Inc 139 TIC (The Industrial Company of Wyoming, Inc.) 99 Trapper Mining Inc 106 Wagner Equipment Company 116 Weir International Mining Consultants 113 Westech 152 Wheeler Machinery Company 128]

Jan 1, 1997