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By N. J. Duncan

"Coal mining, whether surface or underground, has hazards that make it unique in the field of industrial safety and health. The often soft, faulted and folded sedimentary strata make wall or roof movement a risk to the safe and economic removal of the coal, while the extraction and handling of coal may create an explosion hazard even in surface operations, In Canada, these problems are compounded by the situation of the coal fields which range from deep undersea deposits in Nova Scotia to steeply pitching thick coal seams high in the Rocky Mountains. Climate too can create its own problems, particularly the effect of metals of minus 40°C temperatures, as crumpled dragline booms at prairie strip mines witness. Because of the difficult and sometimes hazardous conditions, Canada's underground colliery managers, in common with those of other Commonwealth coal-producing countries, must have a government ""certificate of competency"" before being appointed as mine managers. Certification of assistant managers (""under-managers"") and foremen (""fire-bosses"") is also a legal requirement for all of Canada's underground collieries, while the province of Alberta requires certification of surface management personnel. Electricians and mechanics who install and maintain the specially designed equipment underground and in hazardous areas of surface mines and processing plants, and mine surveyors who ensure accuracy of the location of underground workings, must also hold government certificates of competency. The requisites for all certification include a minimum work experience and knowledge of coal mining technology and mine safety and health legislation. Despite recognition of the hazards and increasing knowledge of methods of preventing explosions of flammable gas and coal dust in Canada's underground mines, there have been several disastrous explosions such as those at Springhill Colliery in Nova Scotia in 1891 with the loss of 125 lives, at Hillcrest Colliery in Alberta in 1914 with 189 dead, and more recently · explosions and fires in No. 20 and No. 26 Collieries in Cape Breton. Preventing explosions has required developing optimal ventilation techniques, reducing ignition potential, suppressing ignition at source, draining flammable gas before it can enter the air courses, and preventing, or sealing off, autogenous heatings with their associated carbon monoxide or explosion dangers."

Jan 1, 1985

By A. H. Mumin, A. Prikhodko

"This paper provides an understanding of interpreting and evaluating airborne time domain electromagnetic (TEM) surveys as applied to massive sulfide exploration. Variations in the conductive morphologies of massive sulfide ore systems are discussed, followed by forward modelling exercises examining the derived TEM response to these morphologies and discussion of the subtleties of data interpretation. Deposit morphology in the orientation at formation and the variations occurring due to later deformation are considered. Images of corresponding resistivity–depth models are provided. The combined modelling results provide a low-cost method for initial interpretation and screening of TEM anomalies. RÉSUMÉ Cet article nous permet de mieux comprendre l’interprétation et l’évaluation des levés élec-tromagnétiques aéroportés en domaine temporel (TDEM, de l’anglais time-domain electromagnetic) appliqués à l’exploration du sulfure massif. Y sont débattues les variations au niveau des morphologies conductrices des systèmes de minéralisation du sulfure massif, suivies d’exercices de modélisation prospective qui examinent la réponse dérivée des TDEM à ces morphologies et d’une discussion sur les subtilités de l’interprétation des données. L’étude envisage la morphologie de l’orientation originelle non déformée des gisements ainsi que les variations résultant d’une déformation ultérieure. Des images des modèles correspondants de résistivité-profondeur sont fournies. Les résultats combinés relatifs à la modélisation proposent une méthode peu onéreuse d’interprétation et de contrôle initiaux des anomalies dans les TDEM.INTRODUCTION Electromagnetic geophysical surveys are an indispensable foundation of many mineral exploration programs and can account for as much as half of the predrilling exploration costs. Quantitative mass interpretation of the survey results remains difficult due to the infinite variation of deposit morphologies, their complex physical properties, and the presence of barren conductive materials that can mimic or mask the response of targeted ore. Many modern geophysical investigations that focus on time domain electromagnetic (TEM) data interpretations are devoted to problems with inversion and modelling and their algorithms. Although a few of these investigations have resulted in commercial software products, these require highly qualified and experienced users and usually include geometric assumptions. Furthermore, without the input of known physical properties and geometric constraints, the inversion results are highly ambiguous. A number of case studies document the geophysical responses to known targets in well-defined and diverse geo-electrical environments, providing a high degree of correlation between field obser-vation and the results of the modelling used in this style of investigation (Hone, 1980; Schneider & Emerson, 1980; Tyne, Idnurm, & Malone, 1981; Bishop & Lewis, 1992; Hopgood & Hungerford, 1994; Meju, 2002; Yang & Oldenburg, 2016). The uniqueness of the target/environment parameters and their specific features limits the use logy is poorly understood. The responses are therefore that are devoid of complicating environmental factors (e.g., highly conductive overburden and hostrocks or nonuniform target conductivity) as a first approach to the interpretation process of such case studies as the main reference for interpreting TEM survey responses in areas where the underlying geomodelled from generalized and typical geological models"

Jan 1, 2018

By L. E. Djingheuzian

IN 1953, Lewis (1) published an article which brought forth a great amount of discussion by grinding engineers. In his contribution to discussion the present writer (2) suggested that, for the most efficient performance of a ball mill, there must be a .definite relationship between Cn, per cent critical speed, and V p, per cent mill volume occupied by the ball charge. Later, he ( 3) was able to publish some grinding data from Wright-Hargreaves milly which appeared to bear out this contention. It is with this view to establishing a fundamental relationship between Cn and Vp that the idea of this Forum was conceived. Accordingly, a questionnaire was prepared and copies of it were mailed to over eighty Canadian mill operators. This questionnaire did not include a question on dilution on the assumption that each mill operator was using the most efficient dilution for his operation, nor was a question on efficiency of classification included since it was thought that the inclusion of efficiency of dassification in the questionnaire at this preliminary stage might render the forum discussion,. while everybody was trying to find his bearings, too unwieldy. However, it is evident that, as discussions develop, this forum will have to define a uniform method for establishing most efficient classification in grinding circuits

Jan 1, 1957

Who is CIBC? ? Canadian Imperial Bank of Commerce (?CIBC?) is a leading North American financial institution. ? Total Assets: US$315 billion ? Market Capitalization: US$29 billion ? CIBC comprises three strategic business lines: ? CIBC Retail Bank ? CIBC Wealth Management ? CIBC Wholesale Bank ? CIBC Wholesale Bank is a leading North American investment bank with niche capabilities in Asia, Australia & Europe. ? 1,000 + employees around the world ? Product range includes: Mergers & Acquisitions advisory and financing, Equity and Debt issues, Merchant Banking and Strategic Lending ? CIBC is ranked as the #1 investment bank in Canada across most of its key products and industries ? #1 Equity Underwriter in Canada ? #1 Mergers & Acquisitions Advisor in Canada

May 1, 2010

By L. H. Shang

The 319 Al-Si alloy is one of the most prominently used aluminium-based alloys in motor vehicle and engine applications, Microporosity present in 319 alloy castings reduces the load bearing capacity of the castings, The quantitative prediction of microporosity levels in Al-Si castings has been a subject of much interest for several years. In this research a new criteria function, tf 1,98 R13° (tf: local solidification time, R: cooling rate) was developed by multiple regression analyses, correlating thermal data from simulation studies to experimentally obtained microporosity values. This new criteria function gives a general prediction of microporosity in 319 Al-Si castings.

Jan 1, 2005

By M. Muinonen, R. Pandher

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

Jan 1, 2015

By W. H. Patterson

The history and experience of early companies in the Islands is illustrated by the typical transactions of Trans-Western from 1959 to date. Trans-Western had entered into farmout agreements with companies strong enough to carry out at least the required minimum exploratory work and then such development as might be warranted. The farmee companies were required to make deposits to guarantee work performance during the first period of validity, i.e. the first 3 years of the 12-year life of the permits, and at the rate of 5 cents per acre. At that time, a good deal of geology was available, as a result of extensive exploration that had been carried on by the Geological Survey of Canada and other geological enterprises, with field parties travelling over and camping on all of those Islands. Trans-Western's farmees then selected, from Trans-Western's priority on 13.5 million acres, what they believed were the lands most prospective of producing large oil and gas discoveries, and, having the right to trim off acreage which they considered less prospective, thereby reducing the acreage of Trans-Western and its farmees to in excess of 5.5 million acres. The farmees then commenced a 3-year program carrying out geological exploration to the required minimum of 5 cents per acre, and with some permanent and many mobile camps.

Jan 1, 1969

By G. A. Gross

"The Soviet Union has enormous reserves of iron ore in many different kinds of deposits that are widely distributed in this vast land area. The present iron ore industry is based mainly on deposits in Precambrian cherty iron-formation at Krivoy Rog, Kursk and Murmansk. Extensive reserves of both naturally enriched hematite ore and magnetite iron-formation in these areas alone could sup-ply all the domestic ore required for several hundred years.Many contact metasomatic magnetite deposits discovery in recent years in the eastern Ural Mountain belt and east of the Kusnetsov basin in Siberia are being developed, with ore reserves measured in billions of tons. Oolitic limonite-chamosite-siderite ores of Cretaceous and younger age at Kerch on the Black Sea and around the east and southern perimeter of the West Siberian basin constitute some of the largest concentrations of iron in the world. These sedimentary ores are low grade, of poor quality and difficult to beneficiate. Banded jasper magnetite and hematite iron-formation in volcanic rocks of Devonian age in Kazakhstan and along the Mongolian border are of special geoloica1 significance.Iron deposits in the Krivoy Rog and Kursk areas were examined and a large number of geologists discussed their work on deposits in many other parts of the Soviet Union during the writer's seven-week study tour of mines and research institutes in Moscow, Leningrad, Novosibirsk in Siberia and Kiev in the Ukraine. The descriptive geology of iron deposits of useable ore and of marginal material has been well documented in the course of systematic work and a large number of scientists are studying fundamental problems on the origin and treatment of iron ore."

Jan 1, 1967

By Hevina S. Dashwood

This paper proposes to build on my previous research (Dashwood 2012), which analyzed how and why the norm of sustainable development became institutionalized in the global collaborative corporate social responsibility (CSR) initiatives of major mining companies. Since the late 1990s, the majority of major global mining companies have employed the norm of sustainable development to frame their individual CSR policies and to inform industry collaboration at the global level through the International Council on Mining and Metals (ICMM). This paper proposal seeks to address lingering questions from that research, by developing an explanation for how the normative frame of sustainable development has translated into specific CSR standards adopted by the mining industry. Preliminary findings suggest that, although the global mining industry has reached broad consensus on the meaning of sustainable development in the context of mining, there remains considerable variation between mining companies in terms of which specific global standards they adopt. As members of the ICMM, major mining companies are required to report according to the Global Reporting Initiative (GRI) indicators relevant to mining, and there has been wide-spread up-take of the ISO 14,001 environmental management system standard. However, other global standards, such as the International Finance Corporation (IFC) Performance Standards and the Extractive Industry Transparency Initiative, have not been uniformly adopted by the mining industry. What explains this variation? The paper employs a three-level institutional framework (rational choice institutionalism, historical institutionalism and the ?new? institutionalism in organization theory) to explain the influences on the adoption of CSR standards in the global mining sector. Existing research confirms that institutional context is an important factor in explaining CSR adoption in the mining sector (Dashwood 2012). Are similar forces at work in explaining the variation in adoption of specific CSR standards? A three-level institutional analysis lends itself to uncovering influences both external to mining companies (such as pressures from stakeholders), as well as internal company dynamics (such as managerial discretion). Furthermore, the framework can incorporate dynamics operating at the global level (such as isomorphism), the national level (such as the regulatory regime) and the local level (such as community needs and environmental challenges). The theoretical significance of this framework is that the influences on CSR adoption are more complex than can be explained in a single approach (such as narrow rational choice/cost benefit explanations). On a practical level, insights into how global standards get interpreted and acted upon by individual companies could lead to the development of more appropriate and effective global standards.

Aug 1, 2013

By S. A. L. Read

"The intact rock constant, mi, is one of the three basic input parameters required for the widelyused Hoek-Brown failure criterion. Values for the constant should ideally be determined by statistical analysis of laboratory test data. In this paper the influence of the inclusion or exclusion of tensile test data on derived values is discussed. We firstly investigate the relationship between direct tensile strength (DTS) test values and Brazilian tensile strength (BTS) test values based on a literature search, finding that the correlation between the two test types is DTS = 0.9*BTS, independent of the lithology being tested. Secondly, using the shear strength database of Douglas (2002), we examine the influence of confining pressure range and the inclusion or exclusion of DTS and BTS test values on calculated values of mi.Chief amongst the influences was the exclusion of tensile data in the calculation procedure, particularly when the Hoek triaxial confining stress range requirement (?3?max = 0.5?c) was not satisfied. Based on a reasonable 1:1 relationship between R (the ratio of unconfined compressive to tensile strength), use of actual tensile data in the calculations for the Hoek brown failure criterion is considered to be a simpler and more robust approach to the use of a tensile cutoff based on empirical criteria such as that of Fairhurst (1964). We advocate the fitting a failure curve using compressive and tensile test data as the most reliable means of calculating mi, while at the same time satisfying requirements as originally advocated by Hoek relating to the appropriate triaxial confining stress range (?3?max = 0.5?c) and sufficient (>5) evenlyspread data points. In the absence of triaxial data the use of R provides a practical means of obtaining estimates of mi that are more robust than guideline values."

Jan 1, 2015

By Dale L. Pitt

Introduction In opening up a new country, one of the most vital problems is that of transportation Without roads, railways, or water routes, development is very slow because these are the arteries through which the life-blood of the country flows. British Columbia is unusually fortunate in having along its western coast, for some 600 miles, a stretch of inside water unequalled, for comfortable and safe navigation, by any other similar stretch of ocean in the world. This solves in a general way the major north and south transportation problem for the coast section, and offers comparatively cheap rates for the shipping of all commodities. The principal cities and centres of distribution will naturally grow up on the coast. These cities, however, must have methods of communication with the hinterland, and it is the necessity of supplying these, as feeders to the principal ports, which presents problems of considerable magnitude.

Jan 1, 1930

By F. W. Tregarthen

"This paper gives a brief description of the methods used to form and implement the present planned maintenance program. The system is designed to assist plant personnel in their task of controlling a large work-force and maintaining the many and varied types of equipment used in a mining and concentrator operation. The types of reports and methods used in scheduling and work-loading are described. General built-in flexibility is derived from computer assistance to the Central Planning Group."

Jan 1, 1971

By Mike Dry, Rod Dry

If humanity is truly serious about reducing emissions of carbon dioxide into the atmosphere, today’s power plants burning fossil fuels will have to be replaced by power plants that do not emit CO₂. Unless carbon capture/sequestration becomes practical, the new power plants will be hydroelectric, wind, solar or nuclear installations. Hydroelectricity requires the appropriate geography. Solar installations can only deliver power as and when sunshine is available, and wind installations when the wind blows. Therefore, power from these sources will be intermittent, but the demand for electricity does not follow the patterns of sun and wind. That will require large-scale electricity storage and/or load following by the remaining power suppliers, increasingly so as the use of fossil fuelled power generation declines. Modern nuclear power plants are designed for demand following. However, operating at lower than design output has a negative impact on the economics of nuclear power plants because the overall cost of the electricity they generate is dominated by capital cost. Primary (blast furnace) iron smelting is responsible for a significant part of global CO₂ emissions because the reagent used is carbon. Were it available in sufficient quantity (and at a low enough cost), hydrogen could replace carbon in the manufacture of raw direct reduced iron (DRI), using technology such as modified HYL (Tenova Hyl, 2018) or Midrex (Ravenscroft, 2017). This paper examines a scenario in which, instead of demand following, nuclear power stations are operated at their design capacities and surplus power is used to generate hydrogen in off-peak periods. This hydrogen is then used to replace carbon in the manufacture of raw steel.

Jan 1, 2020

By E. C. Harder

BRITISH Guiana, Great Britain's only South American colony, may be reached by very comfortable steamers, both from North America and Europe. The trip from North American Atlantic ports requires about 12 to 14 days; that from Europe about 18 to 20 days. A number of steamship lines, including Canadian, American, and Dutch, have regular sailings between North America and British Guiana, with calls en route at various interesting ports in the West Indies and northern South America. Moreover, several lines, including British, German, and French, have steamships operating regularly between Europe and the West Indies. Indeed, so popular have the West Indian voyages become in recent years that, during the winter months, special cruises in considerable number are organized for many vessels that ply in the trans-Atlantic service in the summer. A trip to British Guiana, therefore, has become a delightful experience. After visits at the various attractive Leeward and Windward islands and Trinidad, the approach to the low, flat, British Guiana coast, with its muddy coastal waters extending for many miles offshore, is somewhat of a contrast. Arrival in Guiana waters is signalled by the appearance of the modern high-power Demerara Light, located "on a shoal about twelve miles from the mouth of Demerara river. From this point, if the tide is right, a pilot takes the steamer across the bar, eight to ten miles offshore, and into Georgetown harbour. At high tide, the water above the bar ranges from 15 to 18 feet in depth, depending on whether it is neap tide or spring tide; at low tide, the corresponding depths are 9 to 11 feet. As the bar is of soft mud, however, it is usually possible for vessels to pass over it with a draught of about two feet in excess of that indicated by the tide tables. Upon nearing the shore, one sees first the Georgetown wireless towers, then the light-house and the tall chimneys of sugar mills and of various factories in Georgetown, and finally the palms and other tropical trees and the houses of Georgetown itself along the sea shore and the east bank of Demerara river. Extensive wharves operated by various exporting and importing companies stretch along the river bank and activity prevails in Georgetown harbour. The principal exports are sugar, rice, gold, diamonds, bauxite, balata, lumber, fruit and other tropical products. The imports are food-stuffs, wearing apparel, and manufactured materials of many kinds.

Jan 1, 1936

By G. McIsaac

"This paper discusses the formulation of a linear program with the objective of maximizing the cash flow of the long-term plan of an underground operation. A mine is split into eleven independent ore zones, each characterized by its reserves, required development, and mining method. Based on practical considerations, maximum rates are set for each zone’s development and production capacity. For the total mine plan, a minimum daily production rate is set along with a minimum feed grade to the mill. A maximum daily development capacity is set based on the equipment and labour available. Proven and probable ore is mined preferentially over possible ore in the early years of the plan. Also, the fixed cost of operating the mine is taken into consideration whenever mining activities take place.Once the linear program is solved, it can be critically reviewed, and unrealistic results can be identified. Some resource allocations constraints can then be changed in certain sectors, and new results can be analyzed. “Whatif” scenarios can also be examined, such as determining the impact of hiring a contractor to develop a given sector, or dropping an ore zone completely from the plan."

Jan 1, 2005

By G. McIsaac

This paper discusses the formulation of a linear program with the objective of maximizing the cash flow of the long-term plan of an underground operation. A mine is split into eleven independent ore zones, each characterized by its reserves, required development, and mining method. Based on practical considerations, maximum rates are set for each zone?s development and production capacity. For the total mine plan, a minimum daily production rate is set along with a minimum feed grade to the mill. A maximum daily development capacity is set based on the equipment and labour available. Proven and probable ore is mined preferentially over possible ore in the early years of the plan. Also, the fixed cost of operating the mine is taken into consideration whenever mining activities take place. Once the linear program is solved, it can be critically reviewed, and unrealistic results can be identified. Some resource allocations constraints can then be changed in certain sectors, and new results can be analyzed. ?Whatif? scenarios can also be examined, such as determining the impact of hiring a contractor to develop a given sector, or dropping an ore zone completely from the plan.

Sep 1, 2005

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

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

Jan 1, 1972

By John H. Walsh

"ForewordPart I of this paper, published in the March 1992 issue of the CIM Bulletin, surveyed the probable consequences of a limitation on the emissions of carbon dioxide to the atmosphere for the steel industry. What might be termed the conventional responses to this restriction open to the industry were also surveyed in that section. This section, Part II of the paper, explores a new option - the possibility for the joint production of iron and liquid fuels useful for transportation purposes. In this case, it is shown that it is important to minimize the production of carbon dioxide during the reduction stage to maximize the proportion of the reductant carbon embodied in the fuel. It is also advantageous to conserve hydrogen in the reduction step. In essence, the same carbon fulfills two purposes: it serves as a reductant and fuel for ironmaking and then as a constituent of a liquid fuel. If recovered plastics could be used in ironmaking, the same carbon could serve three useful purposes in turn. The conditions and limitations for the joint use of carbon in such 'cascading' processes are explored below. ABSTRACTIt is becoming increasingly probable that emissions of carbon dioxide from the fossil fuels will have to be reduced to deal with the threat of global warming. This issue is likely to be resolved one way or the other in the period 1995 to 2000 which does not leave much time to develop responsive options. In the intervening period, the policy of the Government of Canada is to stabilize emissions of greenhouse gases at their 1990 level by 2000, by encouraging greater efficiency in the use of energy. Should further reductions prove necessary, economic instruments would probably be employed but these would not be applied before a comprehensive international agreement is reached.There are three main themes in this paper: it is assumed that measures to control carbon dioxide emissions will in fact be necessary by the turn of the century; that there will be a rising need for liquid fuels to supply the world's steadily growing fleet of motor vehicles for many years to come, and that the future niche for Canada's industry in such a carbon-constrained world will be the operation of the energy-intensive industries with efficiency and environmental sensitivity.The steel industry, as a large user of both coal and energy in other forms, would be significantly affected by a need to reduce carbon dioxide emissions. This paper first examines what might be called the conventional responses open to the industry in such a situation and then explores a new possibility for making better use of carbon by the co-production of iron and liquid fuels."

Jan 1, 1992

By S. Shrestha

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

Jan 1, 2006

By Karl J. C. Harries

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

Jan 1, 2003