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By L. Iacopetti, A. Calderara, M. Perego, P. Perrone, T. Furusawa

De Nora, a global leader in the development, manufacture and sale of all DSA® anodes based on titanium coated with mixed metal oxide (MMO) for electrochemical processes will present key advancements made to Self-Protected Anodes (SPA) for metal electrowinning. (DSA® is a registered trademark of Industrie De Nora S.p.A., Italy). In 2017 pre-commercial demonstration cells were operated in industrial environment. The program’s focus was to fully demonstrate the SPA anode’s superior mechanical and electrochemical robustness during normal and induced dendrite shorting occurrences while providing quality of plating in commercial operation. De Nora specialists focus on key components, in particular the engineering of the self-protection system, DSA® anodes and catalyst formulation capable to cope with high levels of pollutants while providing long service life in the meantime. Results of field trials confirmed the expected anode performance and enabled the selection of the most suitable “SPA” structure, based on resistive protective elements. Summarizing the economic benefits to copper electrowinning tankhouse operation with De Nora’s self- protected all DSA® anodes are; Double-digits power savings Cobalt-free electrolyte operations Minimal dendrite shorting damage incurred at the SPA anode Smoother, uniform cathode deposits with tangible improvement on current efficiency Tankhouse operations producing lead-free copper quality cathodes, in addition to elimination of lead waste for improved operator health and environment. INTRODUCTION De Nora’s engineered “Value Technology Package” (“VTP”) for electrowinning, consisting of our DSA® anodes coated with mixed metal oxide specifically formulated for copper electrowinning in conjunction with an advanced self-protected full titanium anode (“SPA”), underwent an intense field qualification program, inclusive of the behavior under massive short-circuits as part of the field investigation, with the goal to select and appoint the ultimate design configuration of “SPA”. Optimized wireless-based monitoring system was included in the field program, demonstrating good functionality for cell parameters monitoring and remote shorts detection.

Jan 1, 2019

By A. Mortazavi, H. Nasab

"The storage of petroleum products on surface is associated with difficulties and limitations. Accordingly, a viable alternative is to excavate underground space in rock and provide a safe way for oil storage. Soft rocks such as salt domes provide good conditions from environmental and operational points of view. The potential for high-volume storage and low permeability are encouraging aspects for oil storage in salt domes. The complicated shape of oil storage caverns, the complicated behavior of salt rocks, and boundary conditions associated with large underground openings are important challenges in the design of oil storage caverns. The aim of this paper is to delve into the stability and deformation mechanisms of storage caverns created in salt domes. A parametric study of effect of the cavern size, orientation, and depth is carried out as a function of ground stress regime. The stress field and deformation mechanisms are calculated for each case aiming at providing design guideline.INTRODUCTIONOne of the most popular soft rock that is used for underground oil storage is salt rock (halite). Salt rock has particular characteristics which makes it suitable for oil storage. Salt rock has several advantages for oil storage, these are: high production rate, high degree of availability, short filling period, high level of safety and low permeability [1]. The low permeability is due to the fact that halite deforms in a plastic manner over a wide range of pressures, temperatures and rates of deformations. This property prevents joints or gaps opening up in the formation, thus preventing the escape of liquids and gases. The state of stresses around the cavern in salt domes depends on the depth of the cavern (initial stresses and rock mass temperatures are increasing with depth), the in-situ stress state within the rock mass, and the internal oil pressure in the cavern. Furthermore, the salt creep behavior and the cavern geometry are influencing stress redistributions during loading and unloading phases.Rock mass structure, cavern geometry, material behavior and cavern operation patterns require complex physical models to describe the load-bearing behavior of the geomechanical structure. The determination of stress, strain and deformation in the rock mass due to cavern construction and operation are complex problems which can be evaluated employing numerical tools such as the Finite Element Method (FEM) or Finite Difference Method (FDM). In this study, the finite difference method was used to evaluate the behavior of oil storage cavern in salt rock."

Jan 1, 2015

By Dallas Bienhoff

Boeing Study Team Participants Andrew Daga & Associates American Aerospace Advisors Hamilton Sundstrand Harris Honeywell ILC Dover Lunar Transportation Systems Oceaneering Orion Propulsion SICSA Thin Red Line USA LSSCA BAA Topic 2: MFHE Definition Minimum Functionality Habitation Element Deployable Habitat DHE Update The Path to Growth

May 1, 2013

By H. A. Baxter

THE Eustis concentrator is located about nine miles southwest of Sherbrooke, on the main line of the Quebec Central railway. The concentrator is served by a side track parallel to the main line, and all supplies for both the mine and mill are delivered at the mill yards. The concentrator treats 250 tons of copper-iron ore daily by preferential flotation, whereby, first, the copper sulphides are floated and the iron pyrite is depressed, and, second, the iron pyrite is reactivated and floated, resulting in an iron pyrite concentrate and tailing, the latter going to waste. During 1934, 71,709 tons of ore were treated, averaging 3.712 per cent copper and 32.1 percent iron, with a small amount of silver and a trace of gold. The recovery was 93.77 percent of the copper, and 70.43 percent of the iron as iron concentrate. The copper concentrate produced averaged 25.623 percent copper and the iron-pyrite concentrate averaged 42.13 percent iron and 49.173 percent sulphur. HISTORY The first mill at the Eustis mine was built in 1904 (1). For a few years previous to this rime, some jigs had been operated to concentrate the fines from the mine, the coarse ore being hand-sorted. Both the fines and sorted lump ore were shipped to acid plants. The building of the mill was based on test work carried out by Professor Robert H. Richards at the Massachusetts Institute of Technology. The method of concentration consisted in careful classification in a Richards classifier, which made six different sized products. These products went to Wilfley tables, where a concentrate, middling, and tailing were made. The middling was returned to the rolls. Crushing was done by a jaw crusher and two sets of rolls, resulting in a screen size of about five-mesh.

Jan 1, 1936

By Douglas R. Schmitt

In general, knowledge of the state of stress within the Antarctic lithosphere remains largely unconstrained due in part to Antarctica?s inaccessibility and because of the paucity of seismic focal mechanism solutions. As such, an important component of the ANDRILL project was to acquire new information on the stress directions and magnitudes within the upper crust. Extensive fracture mapping of the core and oriented ultrasonic televiewer logging were carried out to provide strong constraints on both stress orientations and the faulting regime. The first hydraulic fracturing stress determinations in Antarctica were also carried out to provide complimentary stress magnitudes. These measurements were accomplished using a wire-line transported hydraulic fracturing system consisting, essentially, of two synthetic polymer packers that were inflated to isolate the 1-m long pressurization interval. The tests were conducted at the end of the drilling and logging in a ~130-m section specially drilled below 1000 mbsf (nearly 1500 m from the rig floor) for hydraulic fractures. This zone was drilled primarily through competent, dense, and low permeability diamicts. The core fracture and televiewer logging information was used to site twenty separate measurements. Classic hydraulic fracturing pressurization records with unambiguous breakdown and fracture closure pressures were obtained in about half of the measurements. The remaining tests provided fracture propagation and closure pressures that are consistent with the classic breakdown curves, but they did not include a clear breakdown pressure and are indicative of the reopening of either natural or drilling induced fractures in the wellbore wall. The preliminary analysis of the results are in generally good agreement with the stress directions indicated by the core fracture logging and the stress regime suggested by the character of the drilling induced core fractures.

Jun 1, 2012

By Rakesh Kumar, Rajabrahma K., A. K. Verma, V. Mukesh

"In this study, laboratory investigation as well as numerical investigation is carried out to ascertain the transition from one mode to another for Semi-circular bend setup. Laboratory investigation is carried by varying the span length (s/2R); crack length (a/R); notch angle (a); and notch thickness (t). The specimen consists of cement, sand and water mixture in a ratio of 1:1:0.5 by weight and are prepared as per the ISRM standards (2014). Tests are conducted by a servo controlled universal testing machine at a strain rate of 0.2 mm/ min. The results are collected in terms of failure load, crack mouth opening displacement (CMOD) and images of crack initiation and propagation.Image analysis of laboratory tested samples shows that crack initiates at the notch tip when the notch inclination angle is 0°. As the notch angle increases (i.e. 30° and 60°) the fracture begins to initiate behind the notch tip. The direction of crack propagation in front and back side of the sample is same for notch inclination angle is 0° whereas it differs more and more as crack inclination increases. The transition represents the change in mode of failure from mode I (0°), mode II (30°) and mixed mode I/II fracture (60°).Finite element method used to find the transition based on MTS failure criterion. The inclination of notch is varied like 40, 42, 44, 45, and 50 deg and FEM analysis shows that the transition from mode-I to Mode-II take place at 49 deg. The same procedure can be extended to find the transition from mode-II to mode-III."

Jan 1, 2015

By J. Gustavsson, S. Holmin, Å. Afvander, E. Rosseland, E. Zimmerman

There are numerous advantages in replacing lead-based anodes with mixed metal oxide (MMO) coated anodes in copper electrowinning; for example, lower energy consumption, improved working conditions for operators and less environmental impact. Since 2012, Permascand AB in Ljungaverk, Sweden has evaluated Permascand coated titanium anodes in copper electrowinning pilot trials at Glencore Nikkelverk in Kristiansand, Norway. The investigation has proceeded in three different steps (Phase I, II and III). In Phase I, different Permascand coatings, electrode structures and coating methods were investigated. The results showed that improved current distribution, lower energy consumption and longer service life could be obtained with expanded mesh electrode structure in a box configuration compared to rod anodes in a single-mode construction. In addition, improved current distribution and less coating wear was found when electrostatic spray coating was used instead of brush (manual) coating. It was also found that the extrapolated service life from controlled lab experiments at 200 A/m2 was much shorter compared to what was experimentally obtained in copper electrowinning pilot trials at similar current densities. This was mainly attributed to different coating failure mechanisms in lab and industrial copper production. INTRODUCTION Traditionally lead-based anodes have been used in copper in electrowinning due to lower cost. But there are many advantages in replacing lead-based anodes with mixed metal oxide (MMO) coated titanium anodes in copper electrowinning, such as lower energy consumption, higher corrosion resistance, improved working conditions for operators and less environmental impact. Still, many facilities are using lead-based anodes, although the progression of using metal oxide coated anodes in copper electrowinning has slightly increased (Robinson et al., 2012).

Jan 1, 2019

By X. T. Feng, Y. H. Hatzor, Y. Tal, G. Yagoda-Biran

"When studying jointed rock mass deformation around underground openings it is of great importance to model correctly the excavation sequence during the numerical simulation. This is because for effective arching mechanism to develop in the roof minute block displacements must take place and some of the available discontinuities shear strength must be mobilized. If from the beginning of the simulation the underground opening already exists in the numerical model, block displacements into the excavation space will initiate and develop from time zero, before the initial stresses in the model have attained their actual initial level in the field. These initial block displacements are therefore artificial and exist only in the numerical model, not in the physical reality, and may lead to erroneous assessment of the stability of the designed structure, typically on the conservative side. We have introduced sequence excavation capabilities both in the numerical manifold (NMM) and the discontinuous deformation analysis (DDA) methods and show here the advantages of this modification using three different case studies, each illuminating a different aspect of this enhancement.We begin with the 25 meter deep 2000 year old underground Zedekiah limestone quarry below the old city of Jerusalem, Israel, which is still standing today unsupported with a free span of 40 m. We show that when the opening exists from the beginning of the numerical simulation the required friction angle for roof stability is 25 degrees, whereas when the opening is removed after all stresses and displacements in the model have been stabilized the required friction angle for stability is only 15 degrees.We then model the excavation sequence of a tunnel model representing a 2500 meter deep research tunnel in the Jinping hydroelectric project, China, in order to determine the in situ stress field at this depth by a grid search inversion of displacement data obtained using the sliding micrometer technology in the course of tunnel excavation. Thus we are able to constrain the in situ stress field at these depths where standard in situ stress measurement procedures are extremely difficult to execute properly.Finally, we use sequence excavation modeling capability to find the total height of the expected loosening zone around tunnels excavated through columnar jointed basalts which pose a great engineering challenge because of the characteristic dense network of slender prismatic blocks that transect the opening at a steep inclination. We use MPBX data obtained during excavation of a deep tunnel through such a rock mass to validate our numerical results and show that application of standard empirical guidelines for dimensioning rock bolt reinforcement in such rock masses may in fact result in very un-conservative design because existing empirical approaches typically ignore the anisotropic nature of the structure of such rock masses which, as we show, plays a very significant role in determination of the extent, shape, and geometry of the loosening zone around the opening."

Jan 1, 2015

By R. E. MacAfee

THERE have been great changes in the design, capacity, and pressure of steam generating units over the past fifty years. If we go back as far as 1890, the plants then existing were largely horizontal return tubular boilers, hand-fired, with the boilers supported on the brick sitting which was com-posed of red brick with, probably, a refractory lining one brick thick in the combustion chamber. About this time, the water tube boiler began to supplant the H.R.T. boiler and, where new plants were being constructed of any size, water tube boilers were largely installed. In those days, say from 1890 to 1905, a 250 h. p. water tube boiler was considered a large unit. These boilers were largely the straight tube type and were set with the first row of boiler tubes three to six feet above the grates. The brick setting was a combination of red brick and fire-brick. The fire-brick lining in the furnace proper was usually 9 in. thick and in the first pass 4 1/2 in., while the rest of the setting was entirely red brick. These units were largely hand-fired and were expected to produce about 100 per cent rating as a maximum. It may be well at this point to define rating, which is the evaporation of one boiler horse power per hour by each ten square feet of heating surface in the boiler. A boiler horse power is the evaporation of 34.5 pounds of steam from and at 212°F. Consequently, a boiler containing 2,000 square feet of heating surface is rated at 200 h. p. and the evaporation at 100 per cent rating is 200 X 34.5, which equals 6,900 pounds of steam per hour from and at 212°F.

Jan 1, 1939

By J. D. Corbett

The spatial coincidence of the seven anomalies is obvious, even though the self-potential is offset northward. Because the ratio, as an indicator of conductivity, is a relative estimate at best, concise interpretation is limited in almost every instance to the location of a conductor or conductor axis. When related to the initial phase of an exploration program, magnitudes and ratios similar to those obtained from any one of the methods described, would be sufficiently attractive to warrant further investigation. The compilation shown is an empirical comparison of actual field results and no emphasis has intentionally been placed on the relative merits of one method in respect to another. Too many additional factors, i.e., size, depth and conductivity of overburden, etc., that cannot unequivocally be answered, enter into such a comparison before a relative evaluation can be made.

Jan 1, 1961

By P. J. Dunlop

THE object of this paper is to present a brief survey of the work done and the results obtained in controlling dust at the Hollinger Consolidated Gold Mines milling plant. The plant includes all primary and secondary crushing, grinding, and treatment operations. The major items of equipment are: (1) Underground Crusher Plant 1 48 in. by 60 in. jaw crusher, crushing run-of-mine ore to minus-6-in. Rate: 420 tons per hour (2) Surface Crusher Plant 3 No. 772 gyratory crushers 3 4 ft. by 16 ft. trommel screens 4 No. S gyratory crushers Reducing ore to rninus-172-in. Rate: 420 tons per hour (3) Roll Plant 5 sets of 62 in. bJ: 24 in. rolls 7 5 ft. by 10 ft. v1bratrng screens Delivering a minus-3/16-in. finished product Rate: 420 tons per hour (4) Grinding Plant 4 7 ft. by 15 ft. low discharge grate ball-mills 4 12 ft. reciprocating rake classifiers Rate: 4,800 tons per 24 hours Maximum capacity: S,800 tons per 24 hours

Jan 1, 1939

By J. H. Baek, D. W. Lee, B. K. Kim

Nanostructured Cu-Al203 composite powders were synthesized by thermochemical process for an electrode application. The synthesis procedures are 1) preparation of precursor powder by spray drying of solution made from copper and aluminum nitrates, 2) heat treatments to evaporate volatile components in the precursor powder and synthesis of nanostructured CuO+Al2O3, and 3) CuO reduction by hydrogen into Cu. The suggested procedures stimulated the formation of the gamma-Al2O3. The mean particle size of the final composite powders was 20nm, and the electrical conductivity and hardness in the hot-extruded bulk were competitive with Cu/Al2O3 composite by the conventional internal oxidation process.

Jan 1, 2004

By G. Brooks, M. Hamed, S. Nightingale, K. Coley

The Marangoni effect plays a significant role in slag line corrosion of refractories. Previous experimental studies for various refractory /slag systems and mathematical models are reviewed and show that Marangoni flow is important in slag line corrosion under static conditions. Recent work by the authors is presented which also shows significant slag-line corrosion of MgO refractory in SiO2-CaO-FeOx-MgO slag. The rate of attack of the MgO was marginally slower in the case of slags containing alumina. A semi-empirical model developed by Hrma based on mass transfer control described reasonably well the observed progression of corrosion with time. Further work is proposed to evaluate this model.

Jan 1, 2004

By N. Katsikaros, N. S. ‘ Yap, B. Adaszynski

"Cyanide is a well proven, effective lixiviant that has been utilised for centuries in gold extraction processes. Despite being used in close to 90% of gold processing plants, cyanide leaching is still being scrutinised due to its toxic nature. With governments tightening the regulations on cyanide management, and recently erected sites situated closer to community and environment, leach waste and tailings treatment has become increasingly important. Gekko Systems has worked with engineering companies and directly with gold producers to provide technical services and supply complete modular cyanide destruction (detox) systems for plants leaching both run-of-mine ore and high sulphide gravity and flotation concentrates. Although similar in principle, the different materials presented unique challenges in design and implementation. Similar to designing any section of a processing plant, the development of the cyanide destruction plant design began with laboratory test work to simulate the full scale operation. This paper focusses on the laboratory test work and how other critical factors such as geographical location, logistics, and local community play a role in the process design and construction. Two design and supply cases are discussed in this paper; one treating intensive cyanidation concentrate leach tails and one treating whole ore CIL tails. Although these plants both use the SO2/O2 process, each presented different challenges in laboratory testing and plant design, resulting in variations in final implementation including reagent choice, oxygen supply, and process control.INTRODUCTIONSince 1887, cyanide has played a large part in the beneficiation of gold from gold bearing ores. Cyanide is used to solubilise gold into solution, and is typically added in excess to maintain the leaching process. Some or all the excess cyanide can often be recovered and reused in the process however chemical destruction of cyanide is often necessary to manage cyanide levels in the tailings storage facility (TSF)."

Jan 1, 2016

By Alexander Smith

"The Silver Standard mine is 6 miles by road northwest of New Hazelton, B.C., a small town on the northern line of the Canadian National Railways some l 75 miles northeast of Prince Rupert. The deposits lie on the western slope of Glen Mountain (elevation 2,100 feet), with the main adit, mill, and campsite at 1,300 feet. The deposits were found in 1910, shortly after the area had been swept by forest fire and during a period of prospecting activity spurred by the construction of the railway. Crude ore only was shipped until 1918, when a 50-ton gravity mill was built which operated until 1922. Gross value of production of this period, at present metal prices, was about $1,000,000.In 1947 the present company was formed and a 50-ton flotation mill installed. Production from 1948 to 1955 has been in excess of $10,000,000, and net smelter returns about two-thirds of this amount. More than 60 per cent of the production and 80 per cent of the profit have come from one vein, No. 6. On the 1,300-foot level this vein had an ore section 375 feet long and 2.5 feet wide, averaging 0.18 ounces gold, 85 ounces silver, 10 per cent lead, and 16 per cent zinc.The mine workings follow a simple pattern. A series of parallel veins, striking northeast and dipping southeast, are numbered from 0 to 12, starting at the northwest. They lie within a zone trending south 70 degrees east, and the distance between Nos. 0 and 12 veins is about one mile. Recently several cross-veins, dipping northeast, have been found between Nos. 8 and 12. They are apparently of the same type as the others, though they may not have the same structural controls. They could be an important new source of ore.The mine has been developed principally by crosscut adits at the 1,500- and 1,300-foot levels and a 510-foot shaft with levels at I, 150, 1,000, ·and 850 feet. Drifts and crosscuts total 17,000 feet, chiefly on Nos. I, 4, 6, 7, and 8 veins. The drifts are stoped by shrinkage, top shrinkage rill, cut-and-fill with resuing, or open stope methods. The mill produces a lead-silver-gold-copper concentrate and a zinc concentrate, with indicated recovery of more than 96 per cent (4)."

Jan 1, 1949

By M. A. Power

The diamondiferous Drybones Bay kimberlite pipe is the largest pipe (900 m by 400 m) discovered to date in the Northwest Territories. The pipe intrudes granodiorite of the Archean age Defeat Pluton and contains crater, reworked crater (epiclastic) and diatreme facies kimberlite. In-situ measurements of seismic p-wave velocity were recorded with in-line refraction arrays over representative areas. Refractions from fresh kimberlite were recorded over epiclastic facies kimberlite in the eastern portion of the pipe and returned an average velocity of 4300 m/s. Refractions from weathered kimberlite were recorded on all lines and returned velocities ranging from 1900 m/s to 2200 m/s. Granite surrounding the pipe returned an average velocity of 5400 m/s. The results indicate that there is a definite contrast in seismic velocities between kimberlite and country rocks at Drybones Bay and suggest that seismic refraction surveys may be an effective means of screening kimberlite targets in glaciated areas underlain by igneous or metamorphic rocks.

Jan 1, 1998

By Rick J. Chalaturnyk

In Alberta, oil sands bitumen is utilized for synthetic crude oil production by surface mining, bitumen extraction followed by primary (coking) and secondary (catalytic hydrotreating) upgrading processes, or by catalytic hydrocracking and hydrotreating replacing the primary and secondary upgrading processes. Oil sands tailings, composed of water, sands, silt, clay and residual bitumen, is produced as a byproduct of the bitumen extraction process. Several processes have been proposed for the treatment of oil sands tailings, resulting in different recovered water characteristics, consolidation rates and consolidated solid characteristics, which may have effects on the performance of the overall plant operations. A process for the same purpose has been developed by treating the oil sands tailings with CaO lime and CO2 and thickening it using a suitable thickener. In this process a release water of acceptable properties is recovered in a short retention time, which makes it possible to recycle the recovered water, probably after a reconditioning treatment, as warm as possible to improve the thermal efficiency of the extraction process. The paper presents the theory and laboratory results for the CaO and CO2 thickening of low temperature flotation tailings. The water release rates, segregation potential of the thickened underflow and chemistry of the release water are shown and discussed. It is suggested that in using the proposed process, the thickened tailings underflow can be disposed for further consolidation, or combined with the coarse tailings to produce Blended Composite Tailings, corresponding to the Composite Tailings process in the existing hot water extraction plants.

May 1, 2002

By Rodrigo Craig Cerello

The Brazilian economy has always presented a strong correlation with the mineral activity. Since colonization days, due to the territorial expansion caused by the explorers search for gold, mining in Brazil became a basic sector of national economy. Currently, the Brazilian mineral sector¹ estimates a 550% production increment (Figure 1A) in the last 10 years, reaching the US$ 50 billion value, reflecting the increased global demand for raw materials from mineral origin. According to the Brazilian Constitution², mineral resources belong to the Federal State and, consequently, their exploitation must be authorized, under penalty of engendering federal crime. Furthermore, activities of this nature are prone to cause environmental degradation such as, but not limited to, deforestation, pollution, soil deterioration and water contamination. The GPEMA represents the forensics group of the Brazilian Federal Police responsible for the technical analysis of traces related to crimes against the environment and consequently, illegal mining cases.

Aug 1, 2013

By J. Kalejta

Ever increasing depth of mineral extraction presents a challenging environment for hard rock underground mines. High in-situ stresses and associated seismicity with potential rockburst hazards are the major decisive factors contributing to the choice of a ground support regime. Conventional ground support systems, designed primarily for static loads, are not always capable of providing safe working conditions for underground personnel in seismically active mines. Systems specifically developed to resist dynamic loading and allowing for larger deformations are therefore preferred alternatives. High-tensile chain-link mesh has a proven record of successful use in open cut operations in various rockfall barrier installations due to its high energy absorption capacity. It has also been used in underground operations in various parts of the world. This paper describes a method of mechanized installation of a chain-link mesh evaluated at the Kiruna mine in Sweden and South Deep Mine in South Africa. A purpose-built mechanized roll mesh handler was used in this evaluation. The handler is compatible with all standard multi-boom underground drill rigs and is operated utilizing the hydraulic circuit normally used for the feed arrangement. A number of key performance indicators have been identified as success criteria: ??A 30-50% faster installation compared to the conventional methodology ??The mesh should sustain any blast damage when applied to the blasting face ??No unraveling of the mesh when cut ??No failure of mesh under normal conditions Although the energy-absorbing mesh combined with yielding rock bolts is a ground support system of choice for rockburst prone conditions, the operational upsides recognized during the evaluation imply that this product can also be competitively used in less demanding ground conditions where customarily weld mesh or shotcrete are used as a primary surface support. The main conclusion: a fast, safe and fully mechanized installation.

Aug 1, 2013

By Robert B. Parsons

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

Jan 1, 1985