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By T. C. Chudy, C. C. Hamilton, G. R. Lane

The selection and provision of mineralogical services to assist in developing a GeoMetallurgical program for a Cu Porphyry Mine in South America is covered in this paper and presentation. The objectives of the study were to provide a rapid mineralogical scoping protocol to support and confirm results of sequential Cu leach data and to provide detailed mineralogical analysis of four composites and products on which locked cycle test-work were performed. Results showed good reconciliation was achieved between measured chalcopyrite and secondary Cu mineral contents with leach data using a linear intercept mineralogical procedure by TIMA (Tescan Integrated Mineral Analyser), as well as a generally positive correlation between pyrite and Cu-sulphide grain size. Size-by-size analysis of Composite feeds and test products was used to outline comparisons between feeds on a mineralogical basis and provide liberation and association data with which to diagnose and better explain performance. Identifying key mineralogical drivers to Cu recovery and concentrate grades using these results, a greater understanding of the role of chalcocite and pyrite on metallurgical performance was established. INTRODUCTION As a global supply of copper, porphyry copper deposits are typically very large, often in excess of a billion tons of ore (Keeney, Walters, & Kojovic, 2011; McMillan & Panteleyev, 1980) with grades typically between 0.2 and 1.2% Cu, and up to 2% Cu in places. They are also a source of gold. The complexity of copper porphyries arises from their classically zoned nature, the type of host rock, as well as whether or not they have been overprinted by oxidation, weathering and supergene enrichment (Sillitoe, 2011). Zones of alteration and other geological attributes give rise to varied mineralogy, ore mineral textures and material properties, all of which result in different processing characteristics. Due to the interdependencies of geological and processing characteristics, it is vital to study links between the geology at the macro-scale and mineralogical features down to millimeter and micrometer scale (mineral content and texture) and their influences on mineral processing behaviour (Cropp, Goodall, & Bradshaw, 2013). The growing field of GeoMetallurgy aims to provide an Orebody Knowledge framework by which to gather such information as it pertains to: (1) Understanding and predicting likely flotation response; (2) Guiding relevant test work to investigate and validate links, interdependencies, theories and data interpretation/evaluation; (3) Populate a block model with relevant information and; (4) Implement and refine the model for ongoing optimization and control. Specific questions addressed by using mineralogy often include flotation diagnostics as aids to interpretation, causes of dilution and losses to tailings, as well as guidance to sampling for test work (Cropp et al., 2013).

Jan 1, 2019

By T. Robson

"A multi-seam underground mining operation employing mechanized room-and-pillar methods provides 35 per cent of Smoky River's annual ROM coal production (2 million tonnes) from the Smoky River coal field. Surface mines provide the balance. Tectonic activity, which has resulted in deformed coal seams and a rugged relief to the area, has provided natural boundaries to discrete mining areas. Coal transportation to the central preparation plant incorporates a 3 km long underground conveying system. The company is committed to efficient resource recovery and a safe and healthy working environment. Introduction The Smoky River Coal operations (SRC) are centered in the Smoky River coal field located in west central Alberta, some 360 km west of Edmonton and 20 km from the Town of Grande Cache (Fig. 1). Combined mining operations produce 2 million tonnes per year run-of-mine coal from which 1.65 million tonnes of high quality, low volatile, coking coal are obtained. The underground mining operation, employing mechanized room-and-pillar methods, provides 35 per cent of SRC's annual ROM coal production (2 million tonnes). Surface mines provide the balance. Tectonic activity has resulted in deformed coal seams and a rugged relief in the area. This has provided natural boundaries to discrete mining areas. Background Exploration of the Smoky River coal field took place over four decades commencing in 1926. McIntyre Mines Limited (parent to Smoky River Coal Ltd.}, commenced development of the property in 1968 having secured a long-term contract for the delivery of coal to Japan. Production of underground coal at Smoky River commenced toward the end of 1969 and has been continuous on the property since that time. Originally, two underground mines were opened. Original planning envisaged the use of room-and-pillar techniques to develop blocks of coal for subsequent extraction by longwall retreat mining. Following initial development, two longwall units were established, the first in November 1970 in No. 5 Mine and the second in February 1971 in No. 2 Mine. Difficulties were experienced on both units, and production commitments could not be achieved. The longwalls were discontinued, and mechanized room-and-pillar was subsequently used for all underground mining."

Jan 1, 1985

By Shinji Muraishi, Shinji Kumai, Yasutaka Kedo, Takashi Kambe

"Magnetic pulse forming (MPF) is one of the extreme high-speed forming processes. A metal sheet which is accelerated by electromagnetic force is collided onto a mold and fine and sharp details of the product can be obtained. The deformation mechanism of the MPFed metal cannot be understood only by the microstructure observation of the deformed metal. The deformation behavior of the metal should be investigated also by considering the local microstructure change with strain, strain rate and temperature change during deformation. Numerical analysis is an effective method to achieve this requirement. In this study, pure Al and Cu sheets were deformed by MPF. Impact velocity of the metal sheet was calculated by using ANSYS Emag-Mechanical. Based on the obtained impact velocity, the deformation behavior of the metal sheet was reproduced, and local strain, strain rate, and temperature were analyzed by using ANSYS AUTODYN. The relationship between the local microstructure change of Al and Cu sheets and the deformation parameters was examined.INTRODUCTIONMagnetic pulse forming (MPF) is one of the high-speed forming processes using electromagnetic force. Fine and sharp details of the product can be obtained, and springback after deformation is extremely reduced in comparison to the conventional forming processes(Psyk, Risch, Kinsey, Tekkaya, & Kleiner, 2011). Figure 1 shows a schematic diagram of MPF. A metal sheet is placed over the coil in the discharge circuit. The discharge current runs through the coil, and magnetic fieldis producedaround the coil. An eddy current is inducedin the metal sheet. Interaction between magnetic field and eddy current creates electromagnetic force. The metal sheet accelerated by electromagnetic forcecollides ontothe mold. Forming is completed in a few tens of micro-seconds.MPF is suitable for metals with a high electrical conductivity like Al and Cu.The MPFed metal may have characteristic microstructure because of high strain rate deformation."

Jan 1, 2018

By M. Fairman

The effect of welding speed on the microstructure of friction stir processed (FSPed) AZ31B-H24 magnesium alloy was studied using light microscopy, image analysis, and microhardness tests. The grain size of the magnesium alloy was observed to increase after FSP from about 3.5 µm in the base alloy to about 8 µm in the stir zone. The aspect ratio decreased from 1.60 to 1.55 towards the center of the stir zone. The changes in the grain size and shape caused the microhardness of the samples to drop significantly across the FSPed region from 75 HV in the base alloy to below 55 HV in the stir zone. Decreasing the welding speed increased the grain size due to a greater input of heat energy. The faster heating rate due to the lower welding speed caused a deeper penetration of the annealing effects of FSP. It was also observed that the annealing effects caused by FSP were less pronounced with increasing distance from the interface between the sample and pin tool shoulder. The Hall-Petch type relationship of the micro-indentation hardness as a function of the grain size was observed to hold true after FSP.

Jan 1, 2007

By Paul MacLean

MAC TSM ?Mining and Biodiversity Conservation 1.Corporate biodiversity conservation policy, accountability and communications 2.Facility-Level biodiversity conservation planning and implementation 3.Biodiversity conservation reporting ?Activities indicative of level AA -AAA (formerly 4-5) performance: ?Independent verification ?Integration into broader business strategy and planning processes ?Engagement with communities of interest ?Commitment to actively partner with other organisations for biodiversity conservation

May 1, 2011

By Lionel C. Kilburn

"This geological engineering method is based on jour main characteristics of mineral properties, viz; location: inclusion of valuable mineralization; inclusion of geophysical and/or geochemical targets; and inclusion of geological targets. These are subdivided into a total of 19 subcategories, which are used to determine the value of the property.The nineteen subcategories are prioritized and assigned relative value factors from 1.3 to 10. Value of each mineral claim unit is determined by applying the appropriate subcategory factors to a base value of $400per 16.2 hectare unit. Property value is calculated by totalling the values of such individual claim-units.The boundary between ore grade and sub-ore grade must be estimated for each property under valuation, thereby making the method sensitive to mineral commodity prices.A clear and disciplined sequence of decisions based on personal experience forms the basis of this method. The method utilizes all factors normally used to value a mineral property.IntroductionIt is generally accepted in the exploration industry that valuation of exploration properties is a subjective rather than objective process (Roscoe, 1986; Lawrence, 1988; Lawrence, 1989; Woodcock, 1985), and that it is greatly influenced by the experience and qualifications of the person who is doing the valuation. However, the significantly low degree of objectivity in mineral property valuation at this point in time invites effort to achieve a more quantitative engineering basis.Value of a mineral property depends basically upon metal prices, recoverable grades, mining and metallurgical practices, commodity supply and demand , and political-economic conditions, all of which vary with time. Therefore, any valuation is valid for only that point in time when it is made. Mineral deposits can decrease as well as increase in technical value with time."

Jan 1, 1990

By J. Walenzyk

This report investigates the limited use of super large backhoes in surface mines around the world. The demand for super large (> 700 t) hydraulic excavators is rising and most of the machines are sold as front shovel (FS) application. Despite advantages in faster cycle times super large backhoe (BH) machines are a minority (ca. 1% of the total machine population). This investigation is based upon the comparison between the volumes available to the BH and FS in one block and before the machine needs to move. The working conditions are created with standard parameters as given by Original Equipment Manufacturers of hydraulic excavators regarding bench height, angle, and material density. The travel amount of both machine types is derived from these volumes and compared. Furthermore, the travel amount of super large BHs is compared to the travel amount of smaller mining BHs and evaluated based on attachment length and bucket size. The calculations conclude that the volume of material recoverable in a single spot is about 75% higher for FSs. This leads to an increased travel for BHs. The combination of both the increased appearance of electrical driven machines (in the class of > 700 t excavators) and the travel amount lead to a high risk of damaging the cable or the excavator. Enlarged wear on the travelling parts is also attended by the higher travelling. A direct comparison of commonly found working set ups shows that the ratio between volumes is 32% which leads to an increased travel amount. In comparison with a 250 t BH, the calculation shows that the smaller BH is able to reach nearly 50% of the volume of the super large BHs. The main reason for this is the respectively high reach on smaller machines which, combined with other factors, leads to a significantly higher number of BHs in lighter classes.

Aug 1, 2013

By Chao Yang, Liguo Tian, Yan Yang

"The Jinfeng gold mine is one of the three gold mines that Eldorado Gold has in China and it is the second largest gold mine in China. The mine is located in a relatively remote and mountainous area in the southwestern Guizhou province. The orebody is similar to the Carlin type deposit in Nevada. The mill throughput was designed to treat 3,600 tones per day. The ore comes from open pit mining and underground mining, and is fed to one-stage jaw crushing. The crushed ore is stockpiled, reclaimed and then fed to the SABC grinding circuit. After classification with hydrocylones, the ore is floated, and the resultant concentrate is oxidized biologically in a process known as BIOX®. The oxidized concentrate is then washed in a CCD circuit and finally leached with cyanide in a CIL circuit for gold extraction. Jinfeng produces about 180,000 oz of gold per year.This paper introduces operations and modifications of SABC circuit over the past three years, and then describes some technical characteristic of the SAG mill and other circuits in the processing plant.Major modifications and improvements on the SABC circuit are described in the paper, including:1. Impacts of grinding ball and mill liner with respect to material selection, quality, hardness, manufacturing methods, and interactions between mill liner and grinding ball.2. Effect of milling operation parameters on milling efficiency.3. Impacts of SAG mill scats and modifications of grate size to improve mill throughput.4. Design and construction of a pebble crushing system, and recycle the crushed scats to the SAG mill to improve mill throughput.With the above-mentioned modifications, 20% increase over the design in mill throughput has been realized over the past three years, and operating cost has been significantly reduced. However, some issues still remain, and thus process modifications and technical innovations are still needed."

Jan 1, 2012

By J. W. McCammon

CRANGES in construction ideas and the continually rising costs of labour and conventional building materials, particularly since World War II, have prompted widespread investigations into the development and adaptation of new materials to meet the new requirements and to help reduce costs. Lightweight aggregates have been prominent in these investigations. The lightweight aggregates most commonly used today are foamed slag, cinders, pumice, diatomite, exfoliated vermiculite, expanded perlite, and bloated clay or shah. Lightweight aggregates contribute to the building industry in several ways: ( 1) in large structures the reduction in deadweight effected by the use of lightweight materials reduces the amount of reinforcing and structural steel necessary to support the structure; ( 2) the decrease in weight of lightweight blocks makes handling easier and faster; (3) pre-fabricated floor and roof slabs and tilt-up walls of lightweight concrete have become feasible and popular; ( 4) lightweight aggregate concrete has good nailability and is easily channelled; (5) concrete and plaster made with lightweight aggregate have good heat and sound insulation properties.

Jan 1, 1957

By A. Yousefpour, M. Hojjati, G. Chouinard

In recent years, high performance thermoplastic composites such as PEEK and PEKK have been developed for aerospace applications. These materials offer, among the other properties, high toughness and damage tolerances. These are semi-crystalline materials and their processing can lead to different crystallinity that in turn have some impact on the final properties. The effect of cooling rate on degree of crystallinity of PEEK is studied to identify the processing window for manufacturing. Samples were heated at the constant heating rate of 20°C/min up to 375°C (above melting point) and held for 10 minute. The enthalpy of the crystallization was measured at different constant cooling rates of 0.5, 1, 2, 5, 10, 20, 30, and 40°C/min. After cooling, the samples were heated at constant heating rate of 2°C/min using modulated DSC. At temperature between 90°C to 375°C, two endotherm peaks were observed. Results suggest that endotherm peaks are related to a melting and recrystallization phenomenon of one crystal morphology. However, the second endotherm peak could be associated with another crystal structure or morphology.

Jan 1, 2006

By A. Gourlie

"This paper describes the performance properties of a new 95 ksi minimum yield strength, oil well casing grade designed specifically to resist hydrogen sulphide stress corrosion cracking, SSCc. The new grade, Soo-95SS, demonstrates NACE Tensile threshold values greater than 90% specified minimum yield strength, SMYS, and NACE Bent Beam values in excess of 12.7 x 1()4 psi. The new Soo-9588 grade also exhibits superior collapse and notch toughness values. IntroductionIn recent years, a trend toward casing grade specialization has resulted in the introduction of numerous proprietary grades designed specifically for particular production environments, In response, Algoma Steel has developed, as part of a "" grade for service"" philosophy, two new 95 ksi minimum yield grades. The two grades are Soo-95, High Collapse (HC), and Sour Service (SS). This paper describes the development of Soo-95 Sour Service.Four main objectives were established:1. Definition of the steelmaking and continuous cast processing practices2. Determination of the acceptable maximum and minimum levels for all chemical elements3. Definition of special processing requirements4. Definition of the physical characteristics and ranges of the product properties.This paper provides a description of the experimental approach, followed by a presentation and discussion of the trial results . Finally, a number of conclusions are given."

Jan 1, 1988

By Suping Yao, Chuanyu Jiang

In the last decade, the copper industry in China has witnessed a significant change. The capacity and production of refined copper has grown remarkably from 1.5 million tons in 2002 up to 5.88 million tons in 2012. And now, China has become the biggest copper producer in the world, counting about 30% of the global refined copper production. This paper summarized modern copper smelting and converting technologies employed in China copper industry, such as OT flash technology, TSL (ISA/Ausmelt), SKS bottom blowing, Jinfeng side blowing, etc…This paper also presents some key development and improvement of these technologies up to date from their practical application in China, what will contribute as great value to any new / or renovation copper smelting projects down the road. As an engineering company in China, NERIN has been involved in many of these projects in the past decade, played an important role in the engineering works and accumulated intensive experiences. NERIN is one of the best choices for the world clients in the copper industry, providing quick engineering service, delivering cost effective projects.

Jan 1, 2014

By G. J. Hawkes

"We all know that every man who works for us should have a thorough knowledge and understanding of his responsibilities. But how about ourselves? Du we have a thorough knowledge and understanding of our own responsibilities as Mill Superintendents?I once had an occasion to say to a Manager that I did not know something was my responsibility and he replied with suitable emphasis ""Everything inside those four walls is your responsibility"". That makes the extent of our responsibilities clear but does not give us a check list to keep an eye on as we do our job from day to day.What are our responsibilities? I suggest they are the following:1. Developing and maintaining efficient operating and maintenance crews.2. Milling the required tonnage.3. Recovering the economical maximum amount of gold.4. Keeping costs at the economical minimum.5. Seeing that the figures are reasonably accurate for tonnages, assays, production, losses, and costs.6. Preventing accidents.7. Preventing fires.8. Maintaining the equipment and building and keeping them clean and tidy.9. Enforcing company rules and regulations."

Jan 1, 1965

By C. R. Whittemore

PROGRESSIVE industrial organizations have recognized the importance of maintaining an adequate reference library of volumes covering all phases of their particular branch of industry, but it has been the experience of the writer that few engineers know how to use to the best advantage this store of extremely -valuable information which has been accumulated for their service. Nor does the average engineer appreciate the fact that it is only through the current technical literature that he can keep abreast of the rapidly developing fields of engineering. The present-day ramifications of the engineering field are of such wide scope that the human mind is not capable of storing away more than a small fraction of the information available on any particular topie; yet, from time ? to time, such information would prove invaluable. An engineer can know intimately only a small part of his own branch of engineering; but he cannot afford to neglect to take the fullest possible advantage of all that is already known in his own particular field. Technical information may be obtained by one or more of the following methods: (1) by enquiring of the individual who knows; (2) by performing the experimental investigations necessary to ascertain the facts; (3) by consulting the technical literature, where a record may be found of the work of others. This last method is the one we wish to examine. Our main consideration is the question of how to use the library, but first it is necessary to give some attention to the kind of enquiries one takes to the library, and to the nature of the sources of information available.

Jan 1, 1938

By Kent Zehr

Suncor Energy Inc. is an integrated producer and refiner of oil and gas headquartered in Calgary, Alberta. The bulk of revenue comes from the Oil Sands Group (OSG) operating in the McMurray formation of the Athabasca Oil Sands. Located some 25 kilometers north of Fort McMurray, Suncor OSG began life in 1967 as Great Canadian Oil Sands, the first operator to successfully enter commercial production of synthetic crude oils from the area. For most of the last decade, dramatic growth has been the standard mode of operation for Suncor OSG. Production of synthetic crude first reached 100,000 barrels per day in 1997 and less than five years later is averaging in excess of 200,000 barrels per day. Within this dynamic organization, Suncor Extraction is the business unit that processes run-of-mine ore into clean diluted bitumen for Upgrader feedstock. Extraction also delivers and places the barren sand and process affected water into tailings storage in one of several ponds from which water is recycled to support the various processes. For reference purposes, Extraction on a typical day currently receives more than 400,000 metric tons of oilsand ore, which is all processed to water based slurry for separation in one of two extraction plants. Separated tailings are disposed of as a slurry and the cleaned bitumen froth is diluted with naphtha and sent to tankage for storage until required by the Upgrading Unit. As a consequence, on a typical day Suncor Extraction pumps more than 1,000,000 tonnes of aggressive slurry into and out of the two extraction plants.

May 1, 2003

By M. Nowak

Extreme high grades often exert too much influence on surrounding block estimates, leading to a smearing of high grades that can cause overestimation of mineral resources. This concern underlies the decision to cap high grades, i.e., to lower the highest grades in a drill hole data set to some level deemed to be reasonable for producing reliable resource estimates. The choice of a capping level can, by itself, have a large influence on the analysis of the economic viability of a project. Despite this, it is often a choice that is made arbitrarily, guided more by art and tradition than by sound technical analysis. This paper makes suggestions for good capping practices, using methods and procedures that have been presented elsewhere, in the technical literature and in conference papers. The authors propose to use capping only if absolutely necessary, and review examples of cases where capping may not be necessary, or where capping does not make the estimates more reliable. It addresses two particular instances where capping is recommended: (1) where there is good reason to believe that estimation with uncapped grades will overstate the true underlying average grade, and (2) where there is potential for overly optimistic assessments of local block grades in the vicinity of some very high grade assays. The proposed capping practice is based on adjustments to only a very few high grade assays. The level of this capping can be assessed by bootstrapping and through analysis of the effect of extreme values on summary statistics like the average and the coefficient of variation. The paper recommends that good practice include an examination of the potential for local overestimation in higher grade areas.

Aug 1, 2013

By Scott L. Ewart, William M. Bryden, Donald E. Wakefield

"Osler, Hoskin & Harcourt develops commentaries from time to time on topics of legal interest. These may deal with new legislation, changes or developments in government policy or recent judicial decisions of importance to its clients. The commentaries are, of necessity, general in nature. Because the law which they deal with is often new and untested, it is hard to arrive at precise statements of the way in which the principle s discussed in a commentary might be applied in specific circumstances. When further guidance is needed , consult a solicitor.The purpose of the Bill is to simplify, modernize and standardize the regulation of mineral exploration and development in Ontario. Many of the changes proposed by the Bill are of an administrative nature and move much of the detail with respect to staking, assessment work, prospecting work, surveys, quarry permits and leases contained in the existing Mining Act to the Regulations contemplated under the Bill.The Bill will undergo revision and be re-introduced and therefore it is not the intention of this present article to detail the specific changes contemplated by the Bill; however , its more significant changes are as follows:1. Provision is made for a lifetime prospector's licence with the elimination of annual renewals;2. Perimeter staking of a block o f claims is permitted to reduce the cost of staking;3. Assessment work requirements are expressed in term s of dollars spent rather than days worked;4. Persons doing exploratory work are required to furnish notice to owners of surface rights of intention to perform assessment work;5. Annual work summaries will be available to the industry to lessen duplication in exploration work;6. The option of continuing assessment work rather than applying for a lease is provided;"

Jan 1, 1984

By D. Mraz

"Under high pressure in a deep potash mine, the salt rock behaves in accordance with the concept of a generalized, perfectly plastic substance. The paper presents the evidence of this behaviour and engineering concepts f or room-and-pillar design. IntroductionThe mining and refining facilities at International Minerals &. Chemical Corporation (Canada) Limited are located near Esterhaz y at the southeastern edge of the Saskatchewan evaporites. Ore extraction began in 1962 and at the present time the annual mining capacity is in excess of eleven million tons of potash ore.A generalized geological section is shown in Figure I. The mining horizon is overlay in by 100 feet of rock salt followed by a thin bed of competent dry shale. The strata in the next 1,500 feet are generally competent and locally water bearing. The Blairmore formation contains strata of water-bearing unconsolidated sand. Below the mining horizon, rock salt is interbedded with anhydrite bands.The 8-foot mining bed is distinguished mainly by grade and clay content, as there is no definite bed boundary. The chief mineral s are halite, sylvite and, in some cases, carnallite, with up to 2 per cent disseminated clay. The ore is coarse grained, with crystals averaging one-half to three-quarters inch across.The major mining problem is related to the fact that the Dawson Bay formation, overlying the evaporites, contains areas and channels that are highly porous and permeable and are filled with unsaturated brine under high pressure. Consequently, all mining areas, with no exception, must be so designed that the overburden salt stratum remain s competently supported for the duration of the mine .This paper outlines a successful engineering method of determining the stability of the pillar s and designing a stable room -and-pillar mining system."

Jan 1, 1980

By M. Sider, D. L. Piron

"The cost of energy is a growing factor in the cost of zinc production. Electrowinning from sulphate solutions with periodical reverse current or from acidic chloride or alkaline solutions could be the way to lower costs. A comparison of the energy consumption for electrolysis shows that the alkaline solution may be considered the most promising alternative. IntroductionZinc electrowinning from sulphate solutions is a very energy intensive process (typical specific energy usage : around 3.1 kWh / kg zinc). This energy consumption represents 35% of the total cost of electrolysis and is the most important cost component.In order to lower costs, the energy efficiency of the sulphate process should be improved or alternative processes should be developed. In this laboratory, that objective has resulted in research on electro winning in sulphate solutions with the use of periodical reverse current (PRC) and in acidic chloride and alkaline solutions.Some of the results obtained in this laboratory and already published and new experimental results reported in this paper make it possible to present a more critical comparison of the energy consumption of the three processes mentioned.ExperimentalThe experiments at constant current were carried out as described previously. Specific conditions are indicated in Table I. Current efficiencies were obtained by weighing deposits.ResultsThe best energy consumptions for electrolysis obtained in this laboratory for the three media are presented in Table I. More detailed results can be found in the papers already mentioned."

Jan 1, 1988

By Robert B. Parsons

"It is quite likely that more than a handful of junior exploration companies will receive some startling news from their accountants this spring when 1989s tax returns are being prepared. These companies could find that, for the first time ever, they will have to write a cheque to the federal government on account of a new federal capital tax which became effective July I, 1989IntroductionMany mining companies which have never had to pay a federal income tax are finding that they indeed have a tax liability for 1989. Non-producing companies, such as junior exploration companies, almost automatically assume that they don't have to pay any income tax. But, a new tax imposed under the Income Tax Act catches especially the company that has no income.Effective July 1, 1989, a federal capital tax (some call it a corporation minimum tax) is payable by any corporate carrying on business in Canada where the corporation has ""taxable capital"" exceeding $10 million. As a result of the popular use of flow-through shares in recent years, many junior exploration companies are finding that their balance sheets show capital stock over $10 million, and that they are consequently caught by the new tax. Further, some of these companies are finding, to their chagrin, that the tax for 1989 was due on February 28, 1990, and that non-deductible interest is ticking away on unpaid taxes."

Jan 1, 1990