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By C. George Miller

"As the influence of governments has become more widely felt, the use of research techniques to analyze policy has increased. Mineral economics, as one of the foundations of mineral policy research, has grown accordingly. Policy research and analysis has been carried out within governments, university departments and the private sector. Each of these institutional environments has characteristics which influence the topics of study, the approach, the methodology and the output of the research. A brief survey of recent research activities provides illustrations of trends and developments occurring within this organizational framework.A radically different organization, the independent research institute, has begun to make an impact on policy research in recent years, and will have an increasing importance in the future. Combining certain features of the traditional research organizations, it nevertheless has important differences which are essential to its effective functioning. An overview of the formation, goals, organization and operation of one such institute is presented."

Jan 1, 1976

By Han Xing, Cui Jianzhong, Qin Ke, Shao Bo, Zhang Haitao

In this paper, a new approach that uses hot-top DC casting process to producing multi-alloy ingots is present. The different type and size of composite and coated ingots (4045/3004/4045 three-layer composite ingots with section 630mm by 1500mm and 4045/3003 coasted ingot with F140mm/F110mm in diameter) are cast by this approach. The macro-morphologies and microstructures of the composite ingots, the temperature distribution and the element distribution in the interface zone were investigated, also and the interface bonding strength was measured. Results show that the solid supporting layer formed on the cooling plates plays a key role in the casting process of composite ingots. The solid supporting layer can prevent the blending of two melts by resisting the impact of alloy melt, which ensures the stable casting process and casting high quality composite ingots, because the contact height is increased using hot-top DC casting. In addition, fabrication and properties of 4045/3004/4045 three-layer composite ingots with section 630mm by 1500mm are reported in detail.

Jan 1, 2015

By Dave Thomas

?Uranium is a common trace metal at the earth?s surface, but these are amazing super-high grade (up to 25%) pods, veins and disseminated uraninite (UO2) near unconformities between Proterozoic siliciclastic red beds and metamorphic basement with graphitic metapelite and radiogenic granite. ?Pitchblende fills extensional features in reactivated fault zones and replaces matrix in sandstone ?One mining district in Canada ?the Athabasca Basin ->30 deposits /prospects -most in eastern ¼of basin -produces 1/3 of world?s U -employs northerners -VERY high tech -VERY high safety standards Unconformity-associated uranium depositsUnconformity-deposits

May 1, 2006

By L. Ferland, D. LaRonde, J. C. Caron

"The free-world production of columbium ore concentrates has doubled in the last five years. St. Lawrence Columbium and Metals. Corporation has contributed largely to this expansion, its production rate increasing from 720 tons of concentrates per year in 1961 to 2 200 tons in 1965.To follow the normal market development, the Company initiated an engineering study aimed at establishing the most economical mining methods, thus permitting it to increase its milling rate from 1,000 tpd in 1964 to 2,000 tpd in 1967 and possibly to 3,000 tpd in 1968. The results of this study pointed out the advantages to be gained in converting from an open pit to an under-ground operation. This paper describes how the mining engineering department has successfully developed ""stopes"" from the walls of its No. 2 open pit, in order to assure continuity of its operation during the interval required to develop its underground mine."

Jan 1, 1967

By T. Marolt, J. Likar, E. Grøv, J. Žarn

"Underground structures are an integral part of the infrastructure of modern society and are used for a wide range of applications, including subways and railways, highways, not at least nuclear facilities. When the wider area is subject to earthquake activity, underground constructions should be analyzed on seismic and static loading. Observations showed that the underground structures have significantly less seismic risk than surface structures. Available methods allowed analyzing the magnitude of risk for different input parameters of seismic loads in different ground environment. Simulation of earthquake loading on underground structures, in the present paper is given the various aspects of analyzing the potential damage and instability of underground facilities. INTRODUCTIONThe development of methods and computing resources used for para-seismic engineering has finetuned the evaluation of the seismic strength of buildings and equipment. Reinforcements may therefore be decided, not simply on the basis of a reassessment of the hazard, which constitutes input data for the calculation of structures and equipment, but also on the basis of developments in para-seismic engineering. Underground facilities are an integral part of the infrastructure of modern society and are used for a wide range of applications, including subways and railways, highways, material storage, and sewage and water transport and not at least nuclear facilities. Although in the past showed that the underground structures are significantly less seismic risk than on the surface, the professional researches and their results are accessible. Seismic resistance of underground structures is analyzed from several aspects. The currently available methods allowed analyzing the magnitude of risk for different input parameters of seismic loads in different ground environment. For better interpretation of earthquake loading on underground structures, are given below the various aspects of analyzing the potential damage and instability of underground facilities in rock. One of the early studies which covered this are of investigation were prepared by Dowding and Rozen (1978). They grouped damages due to earthquakes in underground structures into three main categories:- damage from ground shaking- damage from fault dislocation- damage by earthquake-induced ground failures (e.g. liquefaction and landslides)."

Jan 1, 2015

By S. L. Gertsman

Canadian steel foundry practice has made marked progress during the past decade. Equipment suppliers, development engineers, and foundry personnel have focussed their attention on every phase of the foundry operation, with a resulting lower demand on manpower and materials. Also, more rigid specification requirements as to dimensional tolerances and quality have necessitated improvement and increased control at every stage from the pattern shop to the cleaning room. The growing trend toward mechanization is clearly evident. Equipment such as sand mixers, sand reclamation systems, material handling devices, moulding machines, core blowers, etc., is being increasingly employed by the steel foundryman. This equipment not only increases production but also tends to lessen the human variable so prevalent and disconcerting in the early days of steel founding. The result has been an improved and more reliable steel casting, which is gradually obtaining wider acceptance by design engineers. The purpose of this paper is to discuss briefly some of the practices being used, and also the direction of development that is being pursued by Canadian steel foundrymen.

Jan 1, 1948

By Cale J. Dubois

At Cameco Corporations' Cigar Lake Project, large excavations are developed on the 480 Level and 500 Level must remain stable for at least 15 years to host underground processing infrastructure. Following the successful dewatering of the mine in October 2009, subsequent internal rockmechanics investigations augmented by third party technical investigations; determined that to keep the back of the Water Flush Crusher/Run-of-Mine (WFC/ROMs) excavation stable; required a rehabilitation strategy to mitigate deterioration/deformation of the WFC walls and intersection pillars. The mechanism of failure propagating the movement of the excavation walls is understood to be controlled by the presence of a dominant E-W striking and steeply dipping foliation within a relatively weak and mildly altered rockmass sub-parallel in strike with 14 meters high walls and an intersection span approaching 15 meters. The application of open and resourceful communications between site mining engineers, geologists, contract mining staff, construction management experts, corporate mining and civil engineers, and third party technical experts resulted in a multi-faceted short-term ground support strategy consisting of standard bolting and screening, deep-seated modified-strand cable bolts coupled with heavy gauge mesh straps, rockmass reconditioning using low-pressure grout injection, and horizontal cable-lacing for the intersection pillars applied in lifts using a top-down methodology. The intention of the short-term strategy was to stabilize the excavation so that a long-term structural steel support installation - consisting of composite concrete walls, and arch support applied to the side walls and crown of the back - could be constructed safely. This paper summarizes the evolution of the short and long-term ground support strategy and criteria for the WFC/ROMs excavation developed using elements of civil, mining and hydrogeologic design.

Nov 1, 2011

By Yujing Jiang, Xuezhen Wu, Bo Li, Tomomi Iura, Gang Wang

"Yielding bolt has been widely used for rock reinforcement in mining and civil engineering in high stress conditions. However, the interaction mechanism of yielding bolt and matrix mass is still not clear at present, and no analytical model is available to predict its reinforcement effect quantitatively. In this paper, the mainstream yielding rock bolts were reviewed firstly. After that, a coupling model is proposed to account for the interaction between yielding bolt and matrix mass. Based on the plane strain axial symmetry assumption and the incremental theory of plasticity, equilibrium equations and compatibility equations of matrix mass, and also the response of yielding rock bolt are deduced theoretically. The proposed method was programmed in Visual Basic development environment, and a semi-analytical solution for the coupling model is achieved. The reinforcement mechanism of yielding bolt in conventional tunnelling is clearly demonstrated through an illustrative case study. The reinforcement effect of yielding bolt is estimated quantitatively, and the distribution of axial force along the bolt is presented. In addition, the validity of proposed method is verified by numerical simulations. INTRODUCTIONHigh stress in surrounding rock mass can cause serious stability problems such as massive squeezing in soft rock and rock burst in hard rock. It is observed that many conventional rock bolts failed when experiencing large displacement, which implies that they are too stiff to sustain large deformation and dynamic conditions (Stillborg, 1994; Hoek et al., 1995). Yielding bolt, which can also be called energy-absorbing bolt, has been widely used for rock reinforcement in mining and civil engineering for these conditions (Neugebauer, E., 2008). This paper focuses on the static reinforcement effects of the yielding bolts with analytical method and numerical simulations."

Jan 1, 2015

By L G. White

During 1958, prospecting parties working for the Mackenzie Syndicate in the Flat River area of the Mackenzie mountains, Northwest Territories, identified tungsten mineralization and located the property now being developed by the Canada Tungsten Mining Corporation Ltd. Scheelite mineralization, associated with pyrrhotite and minor chalcopyrite, occurs in lime silicate skarn replacement zones within a limestone-chert-argillite series intruded by granitic dykes originating from the ? main batholithic mass underlying the sedimentary beds. The results of surface outcrop sampling and 15,000 feet of grid-pattern diamond drilling have been combined to outline an orebody estimated to contain 1.32 million tons, grading 2.51 per cent WO after applying a 10 per cent dilution factor for mining purposes. T HE property of Canada Tungsten Mining Corporation Ltd. is located in the upper Flat River area of the Mackenzie mountains, Northwest Territories. Skarn-type replacement deposits containing scheelite mineralization are .situated between elevations of 4,500 and 5,500 feet above sea level along the east flank of the mountain range forming the boundary between the Yukon Territory and the Northwest Territories. The nearest supply center for the area is Watson Lake, Yukon Territory, located at Milepost 635 on the Alaska Highway.

Jan 1, 1963

By R. E. Martin

"The Westerose Leduc (D-3) pool, a Devonian reef reservoir situated in Central Alberta, Canada, has now been producing for over seven years. As a unit operation, the pool pro-vides an interesting example of the full exploitation of gravity segregation tendencies. The reef has a 238-foot oil column, underlain •by bottom water and over-lain by a substantial gas cap. The original hydrocarbons in place were 147.96 million STB oil and 94.4 MMMCF of Taw gas cap gas. Nine-teen producing wells on 80-acre spacing have been completed, most of which are highly productive. Gas injection operations return solution gas to the gas cap. A study of the rock and fluid properties of the pool show it to be conducive to production by gravity segregation at high rates. Monthly average producing rates have varied between 800 B/D and 8,000 B/D and have recently totalled 3,000 BID to 5,000 B /D. Recovery and performance predictions under partial pres-sure maintenance at 10,000 BID indicate an ultimate recovery of 66 per cent of the original oil in place. In the absence of pressure maintenance, recovery would be only slightly less."

Jan 1, 1960

By G. H. Robbins

"Originally presented at TORONTO 94, CIM-AGM, this paper has been updated to reflect the present status of business development for theSO2/AIR process. The paper reviews the back-ground leading to the invention, discusses the process chemistry and historically tracks the commercial development. Engineering and cost considerations are presented.IntroductionThe year 1994 was particularly significant in terms of the technical and business development of the INCO SO2/AIR cyanide destruction process. The year marked a decade of service to the world mining community since INCO acquired the Canadian patent in 1984. In that time period, the technology had become widely recognized as the state-of-the-art process in the field of cyanide detoxification and today we enjoy the distinction of having licensed the process at over 50 project sites worldwide. The application for the process has mostly been in the mining industry in precious metal recovery plants where it offers treatment for a wide range of waste streams such as: CIP/CIL slurries, Merrill-Crowe barren bleed solutions and/or re-pulped filter cakes, tailings pond water recycle or discharge, make-up water to flotation circuits and feed to underground backfill plants. The process also applies to the treatment of high cyanide rinsewaters from metal plating shops. More recently the process is being applied to the rinsing and abandonment of heap leach pads where it has proven to be a very cost-effective application of the INCO process. The distinct advantages that have led to the success of the process are the ability to work on slurries as well as solutions and the significantly low cost of sulphur dioxide products. The process is safe and easy to manage and uses all forms of SO2(liquid, gas or salts) which gives the process tremendous versatility with respect to geographic application. Having more than ten years of service"

Jan 1, 1996

By T. L. McCall

AUTHENTIC records show that coal mining in Cape Breton dates from the year 1720, when the French military authorities obtained coal from what is now known as the Blockhouse seam, in the Morien district, for use at Louisburg, where the fortress, now of such historic interest, was being built. Thereafter, coal was mined more or less continuously, and although, for many years, in a very haphazard way, there was, on the whole, a steady growth towards a better regulation of the industry, culminating in the year 1825 with the arrival of the General Mining Association in Nova Scotia. This Company, more generally known as the G.M.A., had acquired extensive tracts in Brazil and Colombia and had also purchased the mining rights for the whole of Nova Scotia-excepting such areas as had been previously leased-the attraction being the rich veins of copper currently reported as occurring in the Province. These fabulous copper veins, upon examination, failed to materialize, but the engineer sent out to report on them returned with such good accounts of the coalfields he had seen that steps were taken immediately to investigate them. From that rime onward, the history of coal mining in Nova Scotia is one of progress and achievement. One of the first acts of the G.M.A. was to acquire the areas already leased to other concerns and develop these in a masterly fashion, employing the best machinery and talent available at that time. Such dominant control over the minerals of the Province, although it led to orderly development in the several coalfields, also, later on, resulted in restricting operations in the various coal centres to such an extent that a determined effort was put forward by the people of Nova Scotia to end such a state of affairs. Consequently, in 1857, the original lease of the G.M.A. was abrogated, the Company, however, being allowed to retain certain areas in the districts it had already developed. This opened the way for the formation of other coal-mining companies, and numbers of these immediately sprang into existence in the various coal-mining centres. In 1893, the Dominion Coal Company, Limited, was formed by the amalgamation of seven companies operating in the neighbourhood of Glace Bay, in Cape Breton. Later, in 1910, the Dominion Iron & Steel Company, Limited, obtained control of the Cumberland Railway & Coal Company, which had been formed in 1884 to acquire the rights of the two companies working in the Cumberland County coalfield.

Jan 1, 1936

By I. R. Jonasson, R. W. Boyle

"Current interest in the distribution of mercury in the natural environment comes from quite different, though not unrelated, sources. Mercury has long been an important metal in many industries and has, therefore, been much sought after by mining interests. The presence of mercury traces in the various media of the natural environment, namely soil, rock, air, water and vegetation, is exploited by geochemists not only to find mercury and polymetallic ore deposits, but also to find most other types of economic metal mineralization. More recently, however, mercury has caught the attention of health authorities and environmental scientists who are becoming increasingly concerned over the hazards of mercury wastes and the danger these present to the environment and to man. It is now apparent that the trace quantities of mercury, considered so important and helpful to exploration geologists, can be concentrated in the biosphere to such levels as to present considerable problems for ecologists. This article summarizes most of the available data on mercury contents in materials of geological interest and presents average normal values for rocks, ores, minerals, soils, sediments, waters and plants. The geoch.emical cycle for mercury in nature is presented and the mechanisms of mercury migration around the cycle are discussed."

Jan 1, 1972

Eagle Plains Resources? Exploration in the Northern Cordillera ?Eagle Plains Resources Ltd. (EPL) is actively exploring for Zn-Pb deposits in the northern Cordillera in both carbonate-hosted and shale-hosted (sedex) environments. ?This presentation will review some of the significant carbonate-hosted Zn-Pb showings occurring in the Mackenzie Mountains, NWT and make limited comparisons with sedexdeposits in the adjacent Selwyn Basin.

May 1, 2006

By Jean-Paul Drolet

"The ultimate aim of the Law of the Sea Conference, held under the auspices of the United Nations, is to ensure that all aspects of the use of the sea are covered by international law. The question facing the nations of the world can be stated as: "" Who will control and benefit from the use and the wealth of the sea?""The United Nations Conference on Law of the Sea - known as UNCLOS - which reconvened in New York during the latter part of August 1978 was the third such Conference in the UN's history. The concepts of sovereignty over the territorial sea and freedom on the high seas have remained fundamental to the international law o f the sea until our time. The legal regime based on these two concepts developed initially from state practice meant that the unilateral actions taken by one or more countries were eventually accepted and followed by others.It was not until 1958, during the first Geneva Conference on the Law of the Sea (pursued in a second Conference in 1960) that the Law of the Sea was codified and modified to a certain extent by the then independent nations of the world in the four multilateral conventions on territorial sea and contiguous zone, continental shelf, high seas, and fishing and conservation of living resources.A third Conference got under way many years later when the members of the UN met in New York at the end of 1973 for preliminary discussions . This meeting stemmed largely from the need to fill gaps in existing international legislation which did not cover the new uses of the sea. The Conference was subsequently reconvened a number of times - in Caracas (1974), in Geneva (1975) and twice in New York (1976) for what was called "" substantive negotiating sessions."" A sixth session was held in New York in 1977; a seventh, held in Geneva at the beginning of 1978, recessed and reconvened in New York at the end of August 1978. This is what is referred to, in international jargon, as the seventh session of the Third United Nations Conference on the Law o f the Sea. The following dates are the principal markers of a saga which began some twenty years ago with the purpose of regulating the use of the oceans."

Jan 1, 1981

By C-D. Johansson, B. Ögren, B. M. Ludvigsson, K-Å. Johansson, R. Lindh, G. Berg, M. Maliarik

This paper presents the High Current Density (HCD) Silver Electrorefining Process. A 25-year history of development of the silver electrorefining process as well as associated equipment is given. The process is simple and robust, but at the same time highly automated. With low operating costs and man power requirement it allows consistent production of 99.99 % quality cathode silver. The process ensures that no toxic gases are formed in the working environment. Silver Electrorefining is a heart of a Silver Refinery plant covering the complete range of processes from casting of silver Doré anodes to casting of the bars of refined silver or/and silver granulation. The process has been successfully applied at 11 installations world-wide with plant capacities ranging from 30 to 1500 tpa.

Jan 1, 2014

By T. Holmes, S. Davison

"A surge bin at Agrium’s Vanscoy potash operations has been plagued with flow, wear, and corrosion issues since being built in 1967. The culprits? The bin’s carbon-steel construction, geometry, and the resultant funnel-flow pattern are the root causes. An investigation and cost analysis indicated that hopper redesign and retrofit would increase production and reduce maintenance and capital costs. The retrofitted bin provides safer, more reliable operation and has a much longer predicted working life. Using this example, the authors describe bulk-solids-flow theory and highlight the importance of customizing bulk-material-handling-system design using appropriate flow properties to improve reliability, safety, and cost effectiveness.RÉSUMÉ Depuis sa construction en 1967, un réservoir intermédiaire de l’exploitation de potasse Vanscoy d’Agrium connaît des problèmes de débit, d’usure et de corrosion. Les responsables ? La construction en acier ordinaire du réservoir, sa géométrie et la structure de débit en résultant au niveau de la carotte en sont les causes fondamentales. Une étude et une analyse des coûts indiquaient que la restructuration et la rénovation de la trémie permettraient d’augmenter la production et de réduire les coûts d’entretien et en capital. Un réservoir rénové permet de renforcer la sécurité ainsi que la fiabilité de l’exploitation, et sa durée d’activité prévue en est augmentée. En se fondant sur cet exemple, les auteurs de l’article décrivent la théorie du débit de matières solides en vrac et insistent sur l’importance de personnaliser la conception du système de manutention des matériaux en vrac à l’aide de propriétés rhéologiques adaptées afin d’améliorer la fiabilité, la sûreté et la rentabilité.INTRODUCTIONIn early 2013, Agrium’s Vanscoy Potash Operations (VPO) engaged Jenike & Johanson Ltd. (J&J) to provide testing, consulting, and structural engineering services related to proposed modifications to the 270 t special standard product surge bin, which Agrium planned to undertake during a two-week shutdown in August 2013. The bin, which had been plagued with flow, wear, and corrosion issues for its entire working life, was essential for the continuous operation of two of VPO’s compaction plants and for efficient dispatching to loadout. The bin often experienced product hang-ups, clumping on the walls, and plugging at the hopper outlet. Two recent unscheduled mill shutdowns had been partially attributed to flow issues in the bin due to clumping and product plugging up at the screws. These problems increased maintenance costs, limited production capacity, and degraded product quality. Holes and paper-thin sections in the bin walls discovered during a 2013 inspection revealed the potential for major hot material leaks or even structural failure. Either issue would stop plant operations until the bin could be repaired or bypassed. Clearly, the bin cone had reached the end of its life and required replacement."

Jan 1, 2018

By Dale A. Sketchley

The objective of Quality Assurance and Quality Control programs on advanced exploration projects is to ensure that data from sampling, assaying, and recording of geological observations are of high integrity for the purpose of obtaining reliable mineral resource and reserve estimates. National Instrument 43-101 Standards of Disclosure for Mineral Projects states that all scientific and technical reports must be prepared and certified by a Qualified Person in accordance with professional and industry standards following Mineral Exploration Best Practices Guidelines and Definitions, and Guidelines of the CIM Standards on Mineral Resources and Reserves. Additional information is given in Companion Policy 43-101CP and Technical Report Form 43-101F1. Although the Qualified Person must discuss and describe the Sampling Method and Approach; Sample Preparation, Analyses, and Security; and Data Verification; there is little specific information in the guidelines on Quality Assurance and Quality Control programs. Examples from the Oyu Tolgoi Cu-Au Project are given for optimizing sampling protocols, following proper sample preparation procedures, safeguarding sample shipments through chain of custody, ensuring quality of assaying with Round Robin monitoring programs, verifying transcribed data, and validating data with check assays to ensure high integrity for resource and reserve estimation. Oyu Tolgoi, also known as Turquoise Hill, is in the South Gobi desert, Mongolia, about 550 km south of the capital city of Ulaanbaatar, and 875 km northwest of Beijing, China. The project covers a major copper-gold system, which consists of the South West, South, Central, and Far North deposits, comprising high sulphidation and porphyry mineralization with oxide, supergene, and hypogene ore types. Exploration is done by multiple diamond drill rigs, and samples are prepared on-site and shipped to laboratories in Mongolia, Canada, and Australia for further preparation and analysis.

May 1, 2003

By K. Hardy

As part of Inco's $115 million Fluid Bed Roaster SO2 Abatement Project, a new weak acid treatment plant (WATP) was constructed to treat bleed solutions from the Copper Cliff Smelting Complex gas-cleaning circuits. The WATP produces an iron-arsenic co-precipitate, termed "basic ferric arsenate" (BFA), which requires disposal in an environmentally acceptable manner. Following analysis of many potential options, the short-listed disposal alternatives were: A) Co-disposal of the BFA?gypsum sludge with rock tailings, a portion of which would be used in mine backfill, with the remainder being sent to the tailings area, and B) Co-disposal of BFA?gypsum sludge with pyrrhotite tailings in the tailings area. Testwork showed that the addition of BFA?gypsum sludge to mine backfill samples increased the uniaxial compressive strength (UCS) of the backfill for most samples, especially those at lower binder content ratios. Extensive analysis was conducted on samples taken from the Copper Cliff tailings area, where BFA?gypsum sludge from Inco's Copper Refining Electrowinning Department has been co-deposited with pyrrhotite tailings since 1990. Pore water samples from these areas contained very low arsenic concentrations, indicating that the arsenic had remained stable in that environment. Ultimately, co-deposition with pyrrhotite tailings was chosen as the preferred option for the disposal of BFA?gypsum sludge from Inco's new WATP.

Jan 1, 2006

By CIMVAL

This Code for the Valuation of Mineral Properties (the “CIMVAL Code”) is the result of a review more than a decade after the release in 2003 of the “Standards and Guidelines for Valuation of Mineral Properties” (the "2003 Standards"). The purpose of the review is to update the 2003 Standards to reflect domestic valuation, international valuation, and regulatory developments. The CIMVAL Code was adopted by the Canadian Institute of Mining, Metallurgy & Petroleum (the "CIM") Council on November 29, 2019. The CIMVAL Code supersedes the 2003 Standards. The 2003 Standards were dated February 2003 and were adopted by the CIM Council on March 9, 2003 as the first comprehensive set of standards for Valuation of Mineral Properties in the Canadian mining industry. The 2003 Standards followed recommendations of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission, where in its Final Report (January 1999), the CIM was specifically asked to form a committee of valuation practitioners to review and advise on standards for the Valuation of Mineral Properties. The Special Committee on Valuation of Mineral Properties ("CIMVAL") was created on May 5, 1999 with the mandate to recommend standards and guidelines for Valuation of Mineral Properties to be used by the mining industry in general. The CIMVAL Code is limited to the Valuation of Mineral Properties (including any interests therein) and does not cover valuation of corporations or other entities that hold Mineral Properties as assets. The CIMVAL Code does not cover petroleum and related assets. CIMVAL recommends that the CIMVAL Code be followed for all Valuations of Mineral Properties, including those required by securities administrators and stock exchanges. However, when a Valuation is required under the applicable rules of securities administrators or stock exchanges, such rules prevail to the extent of any inconsistency.

Nov 29, 2019