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By T. J. Langan, M. Ramajayam, T. Dorin

"6xxx-series Al alloys are the most commonly used alloys in the automotive industry as they have an appropriate balance of strength, corrosion resistance and formability. The main strengthening phase in these alloys is the ß’-Mg2Si precipitates. One opportunity to achieve stronger 6xxx-series Al alloys, without affecting corrosion and formability, is the use of Sc. The main challenge of using Sc in 6xxx-series lies in the heat treatment, which must be designed to allow for a fine precipitation of both Al3Sc and ß’-Mg2Si. In this work, two model alloys are used, an Al-Sc-Zr and an Al-Mg-Si-Cu-Sc-Zr, to explore the impact of the 6xxx-series key elements (Mg, Si and Cu) on the Al3Sc precipitates. Transmission electron microscopy and atom probe tomography are used to investigate the precipitates present in the microstructure after casting. We find that higher Si content results in the formation of dispersoids upon casting. The average composition of these dispersoids is (Al0.8,Si0.2)3 (Sc0.888,Zr0.024,Mg0.08,Cu0.008). A closer look at the solid solution reveals that most of the Sc and Zr is supersaturated after casting even in the presence of Mg, Si and Cu. We discuss the impact of these results on the design of a suitable heat treatment for 6xxx-series alloys with Sc.INTRODUCTION The most common strategy to strengthen aluminum (Al) alloys is by micro-alloying to form a fine distribution of precipitates (Gladman, 1999). Whilst precipitates enhance the strength, this is often done to the detriment of ductility and corrosion performance (Davis, 1999). The 6xxx-series Al alloys are heavily used in the automotive industry as they offer an appropriate balance of strength, ductility and corrosion resistance (W. S. Miller et al., 2000). The strength increment in these alloys comes from the formation of the ß’–Mg2Si and the quaternary Q’ phase (Chakrabarti & Laughlin, 2004; Polmear, St. John, Nie, & Qian, 2017). One opportunity to achieve stronger 6xxx-series alloys, whilst keeping good balance of corrosion resistance and formability, is the use of small additions of scandium (Sc). Sc is one of the most potent strengtheners in Al alloys (Dorin, Ramajayam, Vahid, & Langan, 2018; Røyset & Ryum, 2005). Most of the strengthening benefits from Sc come from the formation of fine Al3Sc dispersoids. The following strengthening mechanisms apply to Sc: 1) Solid solution strengthening, 2) precipitation hardening, 3) inhibiting recrystallization, 4) assisting nucleation of other strengthening phases (Dorin, Ramajayam, Lamb, & Langan, 2017). As compared to other dispersoid phases, Al3Sc dispersoids have good electrochemical compatibility with Al alloys and hence do not affect their corrosion resistance (Cavanaugh, Birbilis, Buchheit, & Bovard, 2007). The coarsening resistance of Al3Sc is often improved by adding zirconium (Zr), as it forms a Zr rich shell around Al3Sc which prevents Sc from moving across the interface."

Jan 1, 2018

By D. P. Bishop, G. J. Kipouros, R. L. Hexemer Jr., I. W. Donaldson, W. F. Caley

Aluminum powder metallurgy (APM) is an advanced metal forming technology frequently employed to fabricate complex structural components in a near-net-shape fashion. Exhibiting nearly 100% material utilization, APM continues to rise in popularity. Recent research initiatives in this field have emphasized the development and processing of advanced 2xxx and 7xxx series alloys. In particular, APM equivalents to wrought 7075 and 2024 have been sought. An overview of work completed in this area is presented. Included are data on the various production stages (powder compaction, sintering, forging, and heat treatment) as well as the microstructure and mechanical properties of the finished products.

Jan 1, 2010

By K. S. Fraser, H. J. H. Pieterse

"A pressure oxidation plant to pretreat refractory sulphide ore at the Goldstrike plant in Nevada, was commissioned in early February 1990. The plant, with a nominal capacity of 1363 t/d, was commissioned over a one-week period and achieved design capacity and availability within ten weeks an unusually short period for a plant of this complexity.The pressure oxidation process is conducted under elevated temperature and pressure conditions, and in a corrosive environment. These conditions demand that the process and engineering design of the plant be carried out in a much more sophisticated and detailed manner than is normally required in a conventional gold plant.This paper provides an account of the process and engineering design of the Goldstrike pressure oxidation plant with special emphasis on the design of the vessels, slurry pumps, piping, valves, and control systems.BackgroundLocationThe Goldstrike property is located in Eureka County in northcentral Nevada on the Carlin geological trend. The mine is approximately 40 km northwest of the town of Carlin which is situated on Interstate Highway 80. The minesite is located 1700 m above sea level in the Tuscarora Mountains.Initial Goldstrike OperationsShallow, low-grade mineralization was discovered by diamond drilling in the Goldstrike area in the 1960s. A heap leach operation was established in the mid-I970s by the previous owners. The Post deposit was discovered in 1982. Gold production by mining and heap leaching reached I t/a (40 000 oz/a). American Barrick purchased the property in 1987 and started an aggressive program of deep drilling. This led to the discovery of the Betze and Deep Post deposits and established sufficient reserves to justify an initial 4100 t/d mill and a 5 500 000 t/a heap leach operation"

Jan 1, 1992

By Mohammad Reza Khalesi, Ruhollah Rezazadeh, Mohsen Izadi Yazdan Abadi, Mahmoud Abdollahy

"The rotary vacuum drum filter (RVDF) is widely used for dewatering in mining industrial. In general, different parameters have influence in the solid-liquid separation such as: solid percent, level of vacuum, particle size distribution, filter cloth and chemical additives. These parameters can influence on some variables such as cake moisture, throughput and filter cloth life time. The aim of this study is to propose some chemical additives to improve the rate of filtration and decrease cake moisture of Gol-E Gohar iron ore concentrate by using laboratory scale bottom feed vacuum filter and suggest a filter cloth with long life time (more than 400 hours). Effect of particle size distribution on filtration investigated in large scale by measuring the thickness of cake and cake moisture.Increasing molecular weight of anionic flocculant lead to increases throughput but cake moisture increases too; While the filter aid increases throughput and decreases cake moisture simultaneously; the combination of them show different behavior. TSS and filter cloth life time have directly relation with material and type of filter cloth weave. Depending to type of feed, two polyester and polypropylene filter cloth are suggested. More over twill and satin weave have the best results. To prove the laboratory results some industrial tests performed in Gol-E Gohar hematite iron ore concentrate plant.INTRODUCTION“The process of grinding and classification involves the use of large quantities of water. The separation of solids from liquids is usually achieved by gravity sedimentation in thickeners. For fine particles this is a slow process. In general, 75–80% of the water can be separated and removed by thickeners. For further water removal, filters are used where in excess of 90% of the water can be removed” (Gupta, 2006).“Many types of filters are available, which are broadly classified here as vacuum, pressure, precoat and depth filters. Each classification contains a number of sub-processes. A category of filter that uses vacuum induced driving forces and semipermeable media to facilitate the separation of solids from suspension. While pressure differences across the filter are limited to less than 85 KPa (usually 75 KPa), most units are capable of processing a wide range of feed materials in a continuous manner” (Rushton, 2008)."

Jan 1, 2016

By K. Soldenhoff, D. Wilkins, E. Ho

In the processing of rare earth ores, a pure, mixed rare earth chloride solution is usually produced and used as the feed to solvent extraction circuits to separate the individual rare earths. Cerium(III) may be separated from the other rare earths by oxidising it to cerium(IV), which precipitates as cerium(IV) hydroxide in chloride liquors. This oxidation step may be inserted either before rare earth separation by solvent extraction or between solvent extraction circuits. Although oxidation of cerium by sodium hypochlorite has been known for many years, detailed conditions for oxidation are not readily available. The effect of hypochlorite addition, temperature, pH and cerium concentration on oxidation of cerium(III) from synthetic solutions was investigated

Jan 1, 2014

By P. Sauriol

This work addresses the design challenges and demonstrates the capabilities of a novel water transfer factor measurement apparatus. Several measurement concepts were screened on the basis of their water transfer factor accuracy using Monte-Carlo generated virtual experiments. The most promising measurement concept was assembled and tested to assess its actual measurement accuracy. For these concept validation experiments, the polymer electrolyte membrane fuel cell was simulated by adjusting the water injection rate to corresponding levels. Combining the anode and cathode measurements, the water transfer factor accuracy was typically better than 0.01. Real-time measurements of the water transfer factor on both anode and cathode sides of a polymer electrolyte membrane fuel cell were achieved. The anode and cathode side measurements were in good agreement with each other; however the anode side measurements were generally more reproducible. A parametric study showed that stream humidification plays an important part in the water transfer across the membrane electrode assembly. Finally the water transfer factor along the channel of a 300cm2 co-current fuel cell was obtained by using a series of six 50cm2 sub cells. The results were in good agreement with predictions from a recently proposed model.

Jan 1, 2005

By R. ZapataN.

"In the following report, Altonorte Smelter owned by Xstrata will explain its experience with its denominated furnace called ""Continuous Altonorte Reactor"" since started up in March 2002. The Reactor is the main and only smelting furnace since the operation of Reverb Furnace was stopped (15 days after the start up of the Reactor) and it can be operate with dry concentrate for injection by tuyere and wet concentrated via Garr Gun when the injection system fails. From the started up of the Reactor, three operational campaigns have been carried out where in each one they have been increased their smelting throughput and availability. The flexibility reached by the technology bath smelting has allowed a high level of smelting of concentrate and revert materials. The high availability of the Reactor and overcoming problems that were considered of high complexity like the extraction of white metal and slag, refractory campaign, etc. has allowed the Altonorte smelter to project to smelting 1,200,000 tonnes per year with its only Reactor in next year."

Jan 1, 2007

By D. B. Stewart

This paper reports on an investigation undertaken to determine the exhaust gas temperatures of operating underground mining equipment. The effectiveness of platinum catalytic purifiers is discussed. From exhaust temperatures, it is concluded that LHD engines are highly loaded, haulage truck engines are moderately loaded and utility vehicle engines are lightly loaded.

Jan 1, 1979

When selecting a method for monitoring crack growth in pipeline steel, the sensitivity or crack-size resolution plays a dominant role. Even though there are several visual and non-visual methods, the direct current potential drop (DCPD) method is very effective for monitoring crack growth because of its resolution. This method has been used for the past few decades and has gained increasingly wide acceptance in fracture research as one of the most accurate and efficient methods for monitoring the propagation of cracks. Furthermore, most R&D experience has proven that the electrical potential method can be used in most "aggressive" environments. For these reasons, the DCPD method was selected to design a testing machine to monitor corrosion fatigue crack growth. The use of finite-element modelling is shown to facilitate the application of the DCPD method for monitoring crack growth in steels. The 2D model calibration provided a good description of the test data and proved more accurate than the analytic Johnson's formula.

Jan 1, 2005

By A. J. Makoka, B. C. Qi

Reliable monitoring of corrosion is vitally important in the combat against corrosion and over the last two decades the interpretation of electrochemical noise has received considerable attention as a means to discriminate between different types of corrosion. To this end, many different analytical methods have been proposed, such as power spectral density analysis and analysis via various other stochastic criteria. However, although many corrosion systems are nonlinear and therefore not readily interpretable by the abovementioned analytical approaches, few studies in the analysis of electrochemical noise to date have exploited advances made in the analysis of nonlinear systems. In this paper, the use of phase space methods to analyze and detect change in corrosion systems via electrochemical noise is considered. In particular, the electrochemical noise data are used to reconstruct trajectories in the so-called phase space of the system and changes in the topology of these trajectories or attractors as represented by correlation dimension curves are consequently interpreted as an indication of change in the dynamics of the system.

Jan 1, 2005

By M. Maldonado

This work details the application of a decentralized control strategy to a pilot flotation column working with a two-phase system (water-air). The process is represented by a multivariable system composed of three inputs and three outputs. The selected control variables are the froth depth, the air hold-up and the bias rate, whereas the corresponding manipulated variables are the set-points of the local flow controllers of tailings, air and wash water. All controlled variables are estimated using electrical conductivity based techniques. In particular, the results of a new method for estimating the bias rate, based on the measurement of the volumetric fraction of wash water under the interface, is presented. This method reduces the coupling problem associated to the bias estimation as a difference between feed and tailing water rates. Moreover, the nominal system transfer matrix can be represented by an upper triangular matrix, in such a way that the closed-loop system stability reduces to the stability of the independent control loops. The experimental results show that the closed-loop system performance, particularly that of the bias rate loop, is strongly dependent on the air flow rate, reaching in some cases the saturation point of the controller.

Jan 1, 2007

By Daniel Hodouin, Mélanie Proulx, Claude Bazin

"Collector and frother are commonly used to induce the floatability of valuable minerals in flotation plants. These reagents are usually distributed down a flotation bank or sometimes added in a single location at the top of the bank. A review of the literature and some experimental results obtained from laboratory and full scale trials indicate that the way flotation reagents are distributed down a flotation bank may influence the flotation response of coarse particles. The paper summarizes these observations which show that the distribution of reagents is a potential tuning variable for process optimization.IntroductionFlotation is in many cases the only way to concentrate sulphide and some oxide minerals. Flotation is a concentration process that uses particle surface composition to induce the selectivity by mean of hydrophobic reagents. The influence of particle size on flotation was firstly analyzed in the 50's1·2 and intensively investigated in the 70's, early 80's and 90's3-18. Most of the observed results show the existence of an optimum flotation size range9 whose recovery is not significantly influenced by a reduction of collector dosage""18. This result brought the idea of using a small portion of the total collector dosage at the top of a rougher bank and to distribute the remaining through the end of the bank to ensure sufficient collection of the coarse particles that need more hydrophobic coverage to attach to air bubbles and be lifted to the surface.This paper discusses the idea of using the distribution of reagents down a flotation bank to tune the operation of the process. Unlike the literature on the effect of reagents (collectors, frother...) dosage that is dense, little attention has been put on the distribution of reagents in a flotation bank. Although research on this subject has not been pushed very far, some operators have recognized the potential of a strategic addition of reagents down a flotation bank19. Except for a few exceptions, the proportions of the reagents to be distributed down a flotation bank are decided according to operator's experience instead of process analysis in relationships with particle size. This paper recalls observations made by different researchers that lead to the idea of using the distribution of reagents as a tuning variable for the flotation process. The paper does not present a detailed analysis or optimization scheme for tuning the distribution of reagents, but analyzes some plant and laboratory results with a view toward the development of a testing methodology and ultimately a validation or rejection of the idea."

Jan 1, 1998

By K. Thuro, B. Sellmeier, M. Krautblatter

"Recent rockfall events, like the Tramin rockfall at January 21st, 2014, underline the significance of a comprehensive hazard assessment. A common way of estimating the hazard along infrastructure is the performance of run-out modelling using 3D rockfall codes like Rockyfor3D or RAMMS::Rockfall (Dorren, 2010, Bartelt et al., 2013). The potential block volumes are often roughly estimated from talus material and an overview of the source area, where the magnitude assessment is usually physically and intellectually demanding. Nevertheless especially for increased magnitudes, the volume estimation is crucial in terms of hazard analysis. Mid-Magnitude-Events exceed the load capacity of the most mitigation measures and their date of failure is hard to predict. Here we define the term Mid-Magnitude-Events as block volumes between boulder falls (10-100 m³) and block falls (100-10,000 m³) (Whalley, 1984).The current contribution provides an approach of integral process analysis for a 200 m3 carbonate block above the federal road B 305 near the city of Salzburg in the Bavarian Alps, Germany. We performed detailed analysis of the critical carbonate block exposed to planar failure. The block volume and the dimensions of the failure surface were mapped in detail, due to the unique occasion of an accessible failure surface. The discontinuity persistence was recorded to assess a minimal degree of fragmentation for a potential failure scenario. A maximum degree of fragmentation was estimated due to recording of block dimensions at the talus slope resulting from frequent rockfalls.We performed parameter studies in terms of run-out modelling using the code RAMMS::Rockfall (Bartelt et al., 2013), taking the recorded data for block fragmentation into account. In our contribution, we aim to demonstrate a comprehensive approach for hazard assessment of mid magnitude rockfalls, taking detachment processes, fragmentation and run-out analysis into account."

Jan 1, 2015

By C. K. Wilton

"The Agnew Lake uranium deposits were discovered in 1953 following the discovery of the Elliot Lake deposits to the west. The original property was optioned to Kerr Addison Mines Limited who added additional claims by staking. Agnew Lake Mines Limited was incorporated in 1967 to develop the property and a shaft was sunk to 1040 metres and five levels developed before work was suspended due to low uranium prices at the end of1970.In 1974-75 the mine was dewatered and production started in 1977. By 1978 reserves were estimated at 10,000,000 tonnes averaging 0.35 kg. U10 , per tonne. Underground operations were terminated in 1980 although a uranium leaching operation was continued until early 1983.The deposits lie near the contact of Huronian metasediments with underlying Algoman granite. The sediments consist of arkose, conglomerate, argillite and quartzite with the uranium mineralogy mainly confined to oligomictic quartz pebble conglomerate. The higher uranium values are related to conglomerate with highest percentage of pebbles. The chief uranium minerals are uranothorite and monazite. It is of interest that the uranium thorium ratio differs appreciably from that of the Elliot Lake deposits. This fact along with the fact that the Elliot Lake sediments were deposited by paleocurrents from the northwest whereas the Agnew Lake sediments were deposited by paleocurrents from the northeast indicates widely separate sources for the deposits. It is suggested that the Agnew Lake uranium deposits are syngenetic placers deposited under anoxygenic atmospheric conditions."

Jan 1, 1986

By A. Demers, M. Chapman, N. Reynier, R. Lastra, M. Courchesne, C. Laviolette

Historic medical isotope production at Canadian Nuclear Laboratories (CNL) in Chalk River involved the dissolution of irradiated isotope targets prior to extraction of Mo-99. This process generated liquid waste that was cemented in 5-gallon containers and transferred to an outdoor waste-management facility for intermediate storage. Research was undertaken to develop an innovative method for uranium, mercury and cesium recovery from the radioactive cemented waste (RCW). Regulations prohibit the removal of active radioactive waste from the Chalk River facility. Thus, CanmetMINING produced surrogate material following the same procedures and conditions to those used at CNL. The selective recovery of the uranium from the surrogate radioactive cemented waste (SRCW) could offer CNL more disposition options for the resulting wastes. Leaching tests were performed using four different SRCW at 1 kg scale. Different conditions, operating parameters, and the presence of plastic and corrosion products were evaluated on solubilization. The research investigated the use of potassium iodide with the sulphuric acid leach to increase metals recovery. Iodine improves the solubilisation of metals and the U dissolution reached 99%. The increase of leaching time reduces the U solubilization due to silica gel formation. Therefore, it will be important to control leaching time to avoid the loss of U during the pilot scale experiments. For Hg, the solubilization ranged from 60 to 80% due to the presence of metallic mercury and mercury sulphide found in SRCW cured at 60°C and/or aged for 30 months. Ion exchange (IX) was found the best method to separate the uranium from the impurities and produce a purified and concentrated uranium solution suitable for yielding a uranium product (yellow cake).

Jan 1, 2020

By Walter I. Nelson

THE geology of the Copper Mountain mine has been ably described by Dr. Victor Dolmage in Memoir 171 of the Geological Survey. Reference is invited to that paper for a more extended description of the geology of the ore deposits than will be given here. The important orebodies of the mine occur in fragmencal volcanic rocks, parallel with and adjacent to the gabbro of the Copper Mountain stock. In the mine area, the contact strikes N.45°W. and dips either vertical or steeply co the southwest. For a distance of 500 feet or more from the contact, the fragmental rocks have been intensely metamorphosed both dynamically and hydrothermally. The dynamic effects are reflected in the foliation and fracturing parallel with the contact, which occurs throughout the mine, and the volcanic rocks within this foliated zone are, in places, highly schistose. Superimposed upon thi.s structure is a system of fine, straight, parallel frac-tures that strike nearly normal to the foliation (and contact) and dip between 65° and 75° to the north; it is with this last-described fracture system that the ore minerals are structurally associated. The fractures are mineralized with bornite and, to a considerably less extent, with chalcopyrite and some pyrite. A notable characteristic is the extreme fineness of the fractures; even in high-grade ore they are rarely larger than pencil lines. The tenor of the ore, therefore, varies directly with the fracture spacing. Replacemcnr of the host-rock between two or more fractures, varying in degree from finely disseminated sulphides to masses of nearly solid bornite up to 18 inches wide and 2 to 3 feet long, is not uncommon in the higher-grade portions of the orebodies. Two structural types of orebody are recognized in local nomenclature: the 'contact' orebodies, so-called because they occur along the contact; and 'outlying' orebodics, which are enclosed in the volcanics. The former arc tabular or lenticular bodies elongated along the strike and dip of the contact. The 'outlying' orebodies are coniform, chimney-like masses roughly elliptical in plan; with depth, their roots plunge at steep angles toward the contact. All of the orebodies are cut by a number of light-coloured granophyre and felsite porphyry dykes. These dykes-the so-called 'mine' dykes -enter the mine area from the north, curve gently southeasterly across the orebodies, and then cross the contact into the gabbro at the south end of the mine. All the dykes dip vertical to steeply east.

Jan 1, 1941

By K. Enns, J. J. Byerley

"While thiocyanate (SCN-) is used in a number of industrial processes (production of polyacrylonitrile filaments, synthesis of agricultural chemicals and certain metallurgical solvent extraction and flotation circuits) it is recognized more as an undesirable by-product associated with ' the metallurgical industry. Thiocyanate is present at low concentrations in some waste streams from the iron and steel industry. Of particular significance is the formation of thiocyanate during cyanidation of gold and silver ores, concentrates, tailing s and residues. The thiocyanate levels present in the resulting effluents may range from a few mg/I to several thousand mg/I.At present, thiocyanate does not appear to be as hazardous in the environment as cyanide (CN-) at the same concentration although its interaction with other species and resulting decomposition of products may be unacceptable. Of course the presence of thiocyanate in the leaching circuit and ultimately in the effluent streams may add considerably to the oxidative requirments of any non-selective treatment process for cyanidation wastes.With respect to the thiocyanate as it relates to the cyanidation process, two aspects are evident. Thiocyanate forms and persists in the cyanidation circuit resulting in a ""fouling"" condition with subsequent loss of leaching activity. In order to reduce or control this problem, it is common practice for some mills to discharge daily as much as 20% of the barren leach liquor. Besides contributing to fouling of the leach liquor the formation of thiocyanate represents an irreversible loss of reagent cyanide. It is noteworthy that in some present or proposed mill practice reagent cyanide loss through thiocyanate formation may reach 50%(1). The purpose of this paper is to discus s the application of controlled electrooxidation of thiocyanate with the view of suggesting a process for regenerating cyanide from waste thiocyanate(2). The paper describes the important theoretical aspects and presents experimental data obtained for thiocyanate electrooxidation using both small and large scale electrochemical reactors. Some economic conclusions are presented."

Jan 1, 1984

By H. Chaouki

The aim of this work is to simulate the forming process of a green anode. For this purpose, a nonlinear compressible viscoelastic constitutive law is presented. The concept of natural reference configuration is considered. Within an isothermal thermodynamic framework, a Helmholtz free energy is proposed to take into account the nonlinear compressible deformation process occurring between natural reference configuration and current configuration. A dissipation potential is introduced in order to characterize the irreversible aspect of compaction process. Thus, the constitutive law is formulated through two equations: 1) an expression of Cauchy stress tensor and 2) a differential equation characterizing the evolution of the natural reference configuration. Material parameters are assumed to be a function of the bulk density. This allows capturing the micro-mechanical phenomena within the chosen macroscopic approach. An experimental study based on compaction tests is carried out in order to characterize the mechanical behaviour of the anode paste. A user's material VUMAT subroutine for finite element dynamic explicit analysis has been developed and implemented in the ABAQUS commercial software. To evaluate the model predictive capability, numerical simulations of the compaction forming process of anode paste were performed. Simulation results show that the constitutive law predicts the experimental trends and gives interesting physical responses. This constitutes a first step toward making a benchmark with experimental results on the forming process of anode paste.

Jan 1, 2011

By M. Gangal, M. Grenier, D. Mchaina, S. Hardcastle

"Exposure to airborne respirable silica in surface and underground mine operations is known to be the cause of industrial lung diseases. For this reason, silica is a regulated substance and worker exposure must be monitored regularly. Diesel exhaust also contains substances which are potential caricinogens. In an underground setting, diesel particulate may be the main component of what is referred to as respirable combustible dust (ReD). Although diesel particulate or soot is not at present a rigorously regulated substance, new epidemiological data is prompting North American institutes and agencies to regulate diesel soot or RCD exposure. This paper describes a method where by silicaand RCD exposure may be determined using a single personal sample. In this method, an airborne respirable dust sample is obtained and analyzed nondestructively for silica components using an on-filter X-ray diffraction method. Filters are then ashed at 500°C in a muffle furnace over a four-hour period to determine mass loss due to RCD burning. Using on-filter X-ray diffraction analysis as opposed to redeposition of dust samples onto another analytical substrate allows the"

Jan 1, 1992

By Robert B. Parsons

"A t last the legal red tape which has tied up flow-through share financing has been cut. New rules effective for deals signed after 1986 simplify flow-through financing by removing the necessity f or cumbersome agency relationships. But there is no free lunch-the new rules require increased government reporting. And beware federal tax reform promises to have a good look at the new flow-through share rules. IntroductionFlow-through shares have always worked better in theory then reality as an effective financing tool. The concept is straightforward: a transfer of risks, tax deductions, and potential returns. But the mechanics of the old flow-through rules made the transfer of risk impractical to impossible by placing the responsibility for incurring Canadian exploration expense (CEE) on investors. The new rules are significantly more realistic, shifting that responsibility to the issuing corporation. However, every silver lining must have a few clouds around it. In the case of the new flow-through rules, the more obvious negatives are increased reporting requirements and reductions in CEE eligible for flow-through by amounts of assistance received. The new rules are effective for deals signed after 1986, however, so a few old-style deals are still around. Practical Difficulties with Old RulesThe old rules which applied to investments in flow-through shares were structured so as to make it the responsibility of the investor, rather than the issuing corporation, to perform the Canadian exploration expense for flow-through. Since most investors had neither the expertise nor the inclination to incur the CEE, this requirement necessitated the use of cumbersome arrangements whereby the investors would appoint an agent (usually the issuing corporation) to incur CEE on their behalf. Although the issuing corporation might consequently be the party which actually spends the flow-through share funds on CEE, the awkward legal structure of such an arrangement made the investor the ""principal"" incurring the CEE. As such, the requirements of the old rules were met and the investors could receive their flow-through share s."

Jan 1, 1987