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By R. Laird Auchmuty

A NUMBER of factors, of varying importance, should be considered in assessing mineral land-here specifically coal land -for tax purposes. (1) Is the coal developed or un- developed'! (2) If undeveloped, is it surrounded by active development in adjoining properties? (3) Accessibility of railroad facilities to the property. Sometimes the railroad itself is of importance. (4) Cost of development of the seam under consideration, whether it can be developed by a drift from the outcrop or whether it will require deep and costly shafts or slopes. (5) Is it definitely known that the coal seam being assessed is of minable thickness and quality on the property? (6) Thickness of recoverable coal from the seam. (7) Quality of the coal. (8) Is the seam being assessed likely to be more costly to mine than other seams in the same district? (9) Is there an active market demand for coal from the seam being assessed? (10) Is the coal held only as protection to surface structures and in such location that it can never be mined? (11) Is the coal in a solid piece or is it in pillars that have been standing for some years as a result of incomplete mining in an old operation? (12) Expected percentage of recovery from the seam being assessed as determined by present mining practice in similar properties. (13) Value of the seam as indicated by sales of similar mineral rights in the immediate district. (14) Current royalty rates of leases for coal in the seam under consideration.

Jan 1, 1939

By D J. Gray

The 4 km long Huguenot Toll Tunnel in the Western Cape region of South Africa celebrated its tenth anniversary on 18 March 1998. At present a single (South) bore with bi-directional traffic flow is operational. The North bore was originally excavated but not lined and equipped.The tunnel is fitted with a semi-transverse ventilation system comprising 45/350 kW two speed fresh-air and 1 MW exhaust air fans at each of the portals. These provide ventilation through fresh and exhaust air ducts above the ceiling separated by movable partition doors. Secondary air ducts deliver air at low level. The fan control depends on the levels of CO pollution or visibility measured at six positions along the tunnel.The system performed well during initial tests and under conditions of low traffic volumes. As traffic volumes increased, and user complaints of bad air in the tunnel were received on several occasions, we realised that we had a problem. Tests confirmed that natural airflow within the tunnel induced by prevailing meteorological conditions outside the portals affected the performance of the ventilation system causing a plug of bad air to be trapped at varying positions along the operating tunnel.The control systems in the tunnel are presently being upgraded as described by Gray, Rieckert and Bullock (1998). As part of the retrofit we are implementing a new control strategy for the ventilation system which takes into account the external weather conditions. This paper discusses the 24 month long meteorological data gathering exercise, which is on-going, and explores the philosophies planned for controlling the ventilation system. The correlation between winds external to the tunnel and induced airflow inside the tunnel are examined. The effects of the weather induced airflow on the existing ventilation system are considered and proposals given for taking these effects into account in the new control strategy. These include the implementation of an expert system to predict ambient airflow from prevailing weather conditions, and the use of airflow measurements taken in the uncompleted North bore as a cross-check.The paper highlights the need to take cognisance of external weather conditions when designing tunnel ventilation systems.

Jan 1, 1999

By Neil D. Policow

Dewatering of the fine clean coal fraction, - 28 mesh (595 microns) represents one of the most difficult and costly separations in typical plant circuits. Since 1969, the Screen Bowl Centrifuge has offered an economical alternative to filtration/thermal dryer combinations. The performance of Screen Bowl Centrifuges has been continuously modified and improved to dewater not only coarser coals, but also today's variety of ultrafine material. Actual test comparisons with alternative methods show the Screen Bowl Centrifuge to be most cost effective and efficient when all factors are considered.

Jan 1, 1982

By Frank E. Lathe

During the war the National Research Council at Ottawa sent out questionnaires to the managers of nearly all the industrial plants in Canada. Inquiry was made as to the research equipment possessed, the number of research workers employed and the nature of the research problems which still remained unsolved. Practically all the companies reported that they had no special facilities for research, had no re-search workers and did not require the assistance of the National Research Council-because they had no research problems. Perhaps we have here one of the chief reasons why certain of our manufacturers find themselves unable to meet foreign competition. For hundreds of years the Indian tribes of northern Chile worked, in a small way, the copper deposits at Chuquicamata. They had no research problems and made no striking success of their mining operations. Then came an American company with a research problem, which they proceeded to solve. To-day the stock of that company has a market value of about $140,000,000.

Jan 1, 1926

By Donald Bruce, Alex Reeb, George Filz, Wesley Schmutzler, Mitsuo Nozu

"One million seven-hundred thousand cubic yards of deep mixing were installed to support an elevation raise of an earthen levee known as LPV 111, which is located in east New Orleans. The deep mixing was done by two contractors using somewhat different technologies, but producing elements of the same size. As part of the quality control and quality assurance program, 507 deep-mixed elements were cored and 5,082 specimens were strength tested in unconfined compression. This paper presents data from the coring and testing program. Very high percentages of the core run lengths were recovered, except during one period for one mixing technology. The coring methods are described, and reasons for the isolated episode of low recovery are discussed. The strength data show that the specification acceptance criteria were satisfied. Statistical parameters of the strength data are provided, and trends between strength and the following factors are discussed: depth, soil type, binder factor, and project-specific experience. Photographs of longitudinal cuts of core specimens are presented. Important lessons learned from this unusually large project are described.INTRODUCTIONThe Lake Pontchartrain and Vicinity Hurricane Protection system included a project known as LPV 111, which is an approximately 5-mile long segment of levee and floodwall located in east New Orleans along the Gulf Intracoastal Waterway and adjacent to Bayou Sauvage National Wildlife Refuge (Cali et al. 2012). The majority of the project consisted of a raise of an existing earthen levee from an existing crest elevation of about 18 ft to a new crest elevation of about 28 ft. The underlying soils were weak and compressible, providing inadequate support for the raised levee. Ground improvement in the form of deep mixing was selected to provide the necessary stability and settlement control for the raised levee.The US Army Corps of Engineers (USACE), New Orleans District, was the governmental agency in responsible charge of the project, including approval of design, construction, and payment. The lead designer was URS Corporation, and the general contractor was Archer-Western-Alberici (AWA), working in alliance with TREVIICOS South (Trevi), who, together with Fudo Construction (Fudo), performed the deep mixing.As part of the quality control and quality assurance program, over 500 production deep-mixed elements were cored, the cores were carefully logged, and over 5,000 unconfined compression tests were performed. In addition, selected specimens were carefully photographed before and after longitudinal saw cuts to expose the interior of the specimens. This paper provides a summary of the coring and testing performed on the production deep-mixed elements."

Jan 1, 2015

By Qinghua Gu, BUQING XUE, XUEXIAN LI, JIANGSHAN SONG, Qian Wang

To solve the problem of time-consuming and low precision in updating the open-pit vehicle transportation network, a high precision road network model construction method for unmanned vehicles in open-pit mines is proposed. This method can be divided into two steps. In the first step, an improved deep learning image processing model named DeepLabv3 + C (DeepLabv3 + Concat) is presented. Then, the road information extracted by the DeepLabv3 + C network is used to construct a three-dimensional model of the open-pit mine road network. In the second step, aiming at the time-consuming problem of unmanned vehicle meeting in open-pit mines, a vehicle meeting strategy was proposed. This strategy is used to guide the navigation of unmanned vehicles in open-pit mines. Besides, the DeepLabv3 + C network is verified by comparing the mIOU (means Intersection Over Union), accuracy, and continuity of road image extraction with the mainstream networks. The road network model constructed in the first step is quantitatively analyzed, and its performance is compared with GPS trajectory clustering methods. At the end of the paper, vehicle running simulation is carried out on the road network model by using Unity (a 3D visualization simulation software). The results show that the road network model constructed by this method can meet the navigation requirements of unmanned vehicles in open-pit mines, and the feasibility of the vehicle meeting strategy is proved.

Jan 11, 2022

By P. O. Akinseye, F. T. Cawood

Mineral royalties are one of the oldest forms of mining taxation, and were initially introduced to extract economic rents from mining. Over time, the royalty regime has become more complex as it was identified as an important policy instrument that can achieve more multi-faceted outcomes. Such a multi-tiered approach in the use of the royalty instrument is also the case with South Africa. With South Africa’s new mineral royalty regime now in place for ten years, it is perhaps time to assess its impact and effectiveness. To carry out this assessment, an econometric evaluative study was undertaken using four major commodities in South Africa, namely gold, platinum, iron ore, and coal. The study explored five different policy options for government to consider and tested them to determine the most favourable one that will realize the regime’s policy objectives. After the assessment, two major options stood out. Hence, this paper seeks to highlight which of the two options is the most favourable for consideration by policymakers. Based on that study, we find that the current structure is effective, but also recommend that the factors in the formula for refined minerals be ‘modified’ to reduce the capped profitability ratio from the current 60% to 30% and the maximum royalty rate for refined minerals from 5% to 3%. The minimum rate of 0.5% during times of depressed mineral prices and no or low profitability will not be affected.

Dec 1, 2021

By Gordon MacVean

The object of this paper is to present for your consideration some of the present-day trends of safety practice in the coal mines in the United States and Canada. Coal mining at its best is a hazardous occupation. Men must be experienced miners in order to appreciate the existing hazards and must remain ever conscious of them if they are to work safely. The question is often asked whether our efforts for increased safety are showing results. So often it appears that strides are made for a period of a few years in the reduction of fatalities and lost-time accidents only to have all ground lost by an unfortunate year, after which progress is commenced again only to have a repetition of the same thing. Table No. 1 is an answer to this question. It shows the fatality rates over the last two decades in the coal mines of the United States and Canada. These are given in divisions of five years. The general trend is noticeably downward, exceptions being due to explosions or disasters which claimed an unusually heavy toll of life. These last are certainly not as common today as they have been in the past. It is only reasonable to suppose that this trend towards a lower fatality rate is the result of well directed safety effort. Reliable statistical organizations have offered figures to the effect that only 15 per cent of all accidents can be eliminated by the use of mechanical safeguards. The state of mind of the man involved, or his attitude towards safety, commonly called 'safety-consciousness,' is the controlling factor in the prevention of 85 per cent of our accidents.

Jan 1, 1931

By C. Piribauer, E. Feichtenhofer, A. McEneaney

"As part of a major diversification project, RHI AG, through its plant in Drogheda Ireland, has developed a Caustic Calcined Magnesium Oxide (CCM) for use in the Cobalt (Co) & Nickel (Ni) hydrometallurgical extraction industry. In the course of the project, the company investigated the chemical and physical properties of a number of different Magnesia’s used in Co & Ni hydrometallurgy applications and has been able to determine the important parameters for a successful Magnesia for this application. A number of live plant trials have confirmed the results of this testwork and the company is now proceeding to produce this product in commercial quantities at Premier Periclase Ltd., the RHI AG plant in Drogheda, Ireland. This paper will outline the development work conducted by the company and highlight the important chemical and physical properties that make a successful CCM. Much of the research was conducted at the RHI Technology Centre in Leoben, Austria. In addition, a number of external laboratory studies were conducted on behalf of RHI AG. The result of this work has allowed the company to develop a Magnesia product with optimised properties for use in the Cobalt and Nickel hydrometallurgical extraction process.INTRODUCTION Premier Periclase is part of RHI AG, a globally operating supplier of refractory products, systems and services, headquartered in Vienna, Austria. The company produces Magnesia from seawater at its plant in Drogheda, Ireland. While the main focus is on production of refractory grade Dead Burned Magnesia for the steel industry, the plant also produces a number of different grades of Caustic Calcined Magnesia as well as Magnesium Hydroxide products. As part of a major project to diversify the company’s product base, the use of CCM in the Cobalt (Co) & Nickel (Ni) hydrometallurgical extraction industry was investigated. One of the company’s highly reactive grades of Caustic Calcined Magnesia was found to be particularly suitable for this application. In an effort to understand what makes a successful Magnesia for hydrometallurgy the chemical and physical properties of different Magnesia’s used in Co & Ni hydrometallurgy were investigated. This paper and conference presentation outlines the findings of this process."

Jan 1, 2017

By Otto Ruhl

The zinc-lead ore reserves of the Tri-State district of Kansas, Missouri, and Oklahoma, as of December 31, 1947, are estimated at a total of 66,100,000 tons of crude ore containing 2.18 percent metallic zinc and 0.38 percent metallic lead. The Bureau of Mines began estimating the reserves in October 1945 and completed the' work December 31, 1947. A total of 38,900 acres of land representing approximately 5 percent of the area of the district is covered in this report. The work was confined for the most part to properties developed or partly developed by drilling and underground workings, and to acreage sufficiently drilled out to indicate ore of enough tonnage to make a commercial undertaking. The acreage in which ore reserves exist is widely distributed in all three States. A map of the Tri-State area is shown in figure 1. The remaining 95 percent of the area is not necessarily nonproductive but represents, possibilities for future exploration and development of additional mineral resources when and if economic conditions or national necessity encourage such work. Of the total reserves, 41 percent are in Missouri, 38 percent in Kansas, and 21 percent in Oklahoma.

Jan 1, 1949

By K. Thambi

"A recent amendment to Section 36(11)(e) of the Income Tax Act, 53 of 1968 (Tax Act) now extends the allowable deduction of ‘capital expenditure’ incurred by mining companies pursuant to the Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA). In terms of the Taxation Laws Amendment Bill 2016 (TLAB 2016), the allowable deduction has been extended to include expenditure incurred on infrastructure in terms of Social and Labour Plan (SLP) requirements as per the MPRDA. Interestingly, what necessitated the amendment was the need to recognize SLP requirements and to circumvent administrative difficulties for mining companies and the South African Revenue Services (SARS) in differentiating the use of developmental infrastructure by employees or the community. The successful implementation of such a deduction hinges on a sound SLP system. However, given the challenges within the current SLP system, this amendment could be considered somewhat premature. IntroductionSection 36(11) of the Income Tax Act 58 of 1962 (Tax Act) enabled mining companies to deduct certain capital expenditure in lieu of its other sections. In particular, it made provision for mining companies to deduct capital expenditure incurred pursuant to the Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA), but excluding capital expenditure incurred in respect of infrastructure or environmental rehabilitation. As such, mining companies could only deduct such capital expenditure that related directly to their employees and not to the wider community (Clegg, 2018).In terms of the Taxation Laws Amendment Bill 2016 (TLAB, 2016) (South Africa, 2016a), the recent amendment to Section 36 extends the relief provided under section 36(11)(e) to include capital expenditure incurred on infrastructure in terms of the Social and Labour Plan (SLP) requirements of the MPRDA. In other words, the capital expenditure incurred by the mining company for the benefit of the people living in mining communities. To qualify for such a deduction, the infrastructure erected or developed by the mining company should reflect what was agreed between the mining company and the Department of Mineral Resources (DMR) as per the SLP requirements of the MPRDA (TLAB 2016)."

May 1, 2019

By D. F. Strong

Most Newfoundland. mineral deposits can be clearly classified as within rocks formed either as accreting plate margins (ophiolitic pyrite-chalcopyrite massive sulfides such as Betts Cove, Whalesback, York Harbour, chromite at Lewis Hills, and asbestos at Baie Verte), at consuming plate margins (Kuroko-type polymetallic massive sulfides such as Buchans and Pilleys Island, porphyry-type Mo-Cu at Rencontre, fluorite at St. Lawrence), or within plates (zinc deposits at Daniels Harbour, sedimentary iron ores at Wabana, manganese in Conception Bay.) As these metallogenic patterns can be convincingly extrapolated southward into the Appalachians and northward to the Caledonides, they provide an important means of eliminating and selecting areas for particular exploration targets. Sonic criteria are described for the recognition of these environments of differing economic potential.

Jan 1, 1973

By H. B. FERNALD

THE interesting and carefully developed formula which Professor Bucky presents for answering the question of whether proposed new equipment will give a net return on investment equal to or greater than that on present equipment starts with an assumption that the management may make this relative return a determining factor in its decision whether or not the new equipment should be provided. I do not question that in some cases the management may take this position, but I would point out the error involved in so doing. The proper test is not a comparison of the return on new as compared with the return on old investment, but is rather a comparison of the return on a particular new investment as compared with the return which would be obtainable from some other new investment which now might be made. Then I would point out that I believe Professor Bucky is in error in using as a factor in his computations the item of unamortized cost of old investment. The financial advantage to be derived from a new investment does not depend on the extent to which we may in the past have written off the cost of old equipment, nor does it even depend upon what was the original cost of that old equipment. Even the salvage or resale value of the old equipment will only enter into the picture to the extent that the present salvage or resale value differs from the ultimate salvage or resale value otherwise to be obtained, after due allowance for the interest factor.

Jan 1, 1930

By Moraka N. V., van Rensburg M. Jansen

"SynopsisGoing beyond transformation claims contained in employment equity scorecards and industry compliance reports, this article provides qualitative insight into the initiatives employed and challenges experienced by mining companies in a quest to transform the mining industry. Perceptions expressed during in-depth interviews with 10 senior executives showed that the assumption that mining companies are reluctant to transform is erroneous. Results from this study suggest buy-in and commitment to transformation. This article describes specific initiatives undertaken by mining companies to transform. The most notable initiatives include staff recruitment efforts to appoint historically disadvantaged South Africans (HDSAs), staff development initiatives, as well as community development. The findings furthermore contextualize the challenges experienced by industry participants in their quest to transform. Despite accusations that industry participants are not taking responsibility for the implementation of the transformation agenda, government needs to recognize that they too have a role to play and need to appreciate and assist in the current challenges experienced by the industry.IntroductionWe need a mining sector that works. Mining employs over half a million people. It is the biggest earner of foreign exchange in our country. It also contributes about 20 billion rand directly to tax revenue. Mining also makes a far larger contribution as a buyer of goods and services, and a supplier of inputs to other sectors of our economy and other economies around the globe’ said President Jacob Zuma during the 2014 State of the Nation Address (Zuma, 2014). However, despite apparent commitment from government, enforced compliance with social and labour plans, regulations and Mining Charter targets, the South African mining industry is slow to gain local and international investor trust (Deloitte & Touche, 2013; Mashego, 2013).Industry players acknowledge that their context has changed – creating various challenges (Davis, 2014). In the past few years, such challenges included subdued commodity prices, increased working costs, constrained infrastructure, and high labour costs, coupled with poor levels of productivity, strained labour-management relations, an uncertain regulatory environment, and the inevitable maturation of the industry (Deloitte & Touche, 2013; Davenport, 2014). Mining affected communities also became more cognisant of their rights, and politicians more vocal in their expectations from their relationships with the mining giants (Davis, 2014). One of the main issues that contributed to the difficult operating conditions was claims from organized labour and Minister Shabangu that this industry is too slow to transform. Specific claims were made in terms of employment equity, fair salaries and wages for mineworkers, housing and living conditions, health and safety issues, and general working conditions (Limpitlaw et al., 2005; Miningmx, 2013; Shabangu, 2010). These claims were followed by what Gill Marcus, Reserve Bank Governor, explained as ‘unprotected strike action [that] has escalated into an uncontrolled, violent and unlawful landscape, led by a mob mentality in the absence of formal and recognised leaders’ (Mavuso,2013)."

Jan 1, 2015

By Yousef Ghorbani, Jafar Abdolahi Sharif, Fatemeh Kazemi, Ataallah Bahrami

Kinetic models are the most important tool for predicting and evaluating the performance of flotation circuits. Gilsonite is a natural fossil resource similar to an oil asphalt, high in asphaltenes. Here, in order to determine the kinetic order and flotation rate of a gilsonite sample, flotation experiments were carried out in both rougher and cleaner stages. Experiments were conducted using the combinations of oil–MIBC and gas oil–pine oil, with one test without collector and frother. Five kinetic models were applied to the data obtained from the flotation tests using MATLAB software. Statistical analysis showed that the results of the experiment with oil–MIBC were highly in compliance with all models. Kinetic constants (k) were calculated as 0.1548 (s−1 ) and 0.0450 (s−1 ) for rougher and cleaner stages, respectively. Rougher and cleaner tests without collector and frother also matched all models well (R2 > 0.98), with k values of 0.2163 (s−1 ) and 0.284 (s−1 ), respectively. The relationship between flotation rate constant, maximum combustible recovery, and particle size showed that the maximum flotation combustible recovery and flotation rate were obtained in the size range of −250 + 106 μm in the rougher and cleaner stages. The combustible recovery and flotation rate were higher in the rougher flotation process than in the cleaner stage.

By A. Boehm

Mineral selective flash roasting (Steiner process) in oxidizing atmosphere was tested successfully for the efficient low intensity magnetic separation of siderite from ankerite and other gangue minerals within the ore of the Steirische Erzberg, Austria. The calcium, magnesium and manganese containing siderite turns selectively into a ferromagnetic oxide phase while ankerite remains paramagnetic. The expulsion of CO2 increases the volume specific surface depending on the selected temperature. Unlike pure iron oxides absorbing SO2 below 530°C, the calcined siderite (enriched in the magnetic product of the Steiner process) acts as a sorbent for SO2 between 500 and 820°C. The effect was studied by thermogravimetric analysis and particle bed tests complemented with neutron thermo diffractometry (D20/ ILL). The energy input was simulated with the help of a tube furnace. The composition of the artificial combustion gas permeating the bed was close to that measured in pilot scale tests (6 % CO2, 12 % O2, 700 vpm SO2). The evaluation of data relating the SO2 variation in the off gas monitored by electrochemical cells to the actual phase composition revealed an intermediate ferrite phase as absorber. During the rapid decomposition in oxidizing atmosphere starting at 500°C the occurring siderite alters to a (CaO, MgO, MnO)Fe2O3 ferrite as an intermediate phase accompanied with sudden SO2 absorption. SO2 disintegrates the ferrite structure forming MgSO4 and MnSO4, taking Fe2O3 as a catalyst. Ankerite (enriched in the non magnetics of the Steiner process) starts to absorb at temperatures above 1000°C forming gypsum. The findings support the SO2 controlled operation of the Steiner process by ?autodesulfurisation?. It explains aspects of the SO2 implementation reactions within off gas recycling in Austrian sinterstrands. Keywords: magnetising flash roasting, neutron thermo diffractometry, SO2 absorption, siderite, ankerite

Sep 1, 2012

By C. G. McLachlan

INTRODUCTION The work described in the following paper was under-taken with a view to determining, if possible, the relative importance of some of the phenomena on which flotation seems to depend, in the hope that, if this information could be obtained, it would be of value in dealing with the problem as a whole. At the outset, brief reference will be made to three papers which had a considerable bearing on the course followed in the present investigation. In 1919, Langmuir, in a paper on 'The Mechanism of the Surface Phenomena of Flotation', showed that mono-molecular films of very great stability could be produced on solid surfaces with oleic acid, but that pure paraffin oil, though spreading readily on a dean dry surface, was easily displaced by water.

Jan 1, 1926

By A. R. Khodabandeh, T. Nematkhah

Correct selection of forging parameters is very important to produce sound superalloy parts. In this investigation nickel-iron base superalloy IN901 successfully forged and seal spacer, which is a part of airplane with about 11 kg weight has been produced. Forging has been performed on the basis of hot compression results, which show deformation above 1100°C associated with dynamic recrystallization (DRX) which can increase the workability of material. On the other hand annealing at 1100°C decreases the flow stress during hot compression, and then increases the material formability. Then billets annealed at 1100°C in electrical furnace for 24 hours and reheated again to 1100°C before forging. Initial square cross section billet with 128mm side and 202mm length forged immediately after reheating by 80MN mechanical press. Specimens forged in five steps: upsetting, three steps molding and finishing. Preformed and molded specimens reheated in electrical furnace before later step of forming. Finally specimens trimmed by 1 OMn mechanical press and hot set by hydraulic press and then cooled in air to room temperature. Results show that reheating temperatures has been selected correctly because there isn't any surface crack and die cavities filled completely by forging material. Material flow has been carried out properly and there isn't any defect in critical points especially in extradoses and intradoses. Microstructural examinations show that grain boundaries contain Ti-rich globular particles that formed during cooling.

Jan 1, 2006

By B. D. Saklatwalla

FOR the proper understanding of the inclusion of certain elements in this review it seems necessary to state the meaning of "rare metals." Certain elements occur in deposits limited in extent or concentration, so that the extraction of the element in relation to market conditions becomes uneconomical. Others may occur in extensive and rich deposits but the reduction of the metal may be difficult and costly. Both these conditions effect the same result, namely, make the metal rare and costly. As an example of the first kind may be mentioned radium and of the second, calcium.

Jan 1, 1939

"The Companion Policy is guidance and not law. It sets out the views of the Canadian Securities Administrators (CSA) at to the manner in which the CSA interprets and applies certain provisions of NI 43-101 and Form 43101F1. The Companion Policy references the CIM Best Practice Guidelines for Mineral Exploration, and the Mineral Resources and Mineral Reserves, and that they should be followed by Qualified Persons.COMPANION POLICY 43-101CP TO NATIONAL INSTRUMENT 43-101 STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS This companion policy sets out the views of the Canadian Securities Administrators (the “CSA”) as to the manner in which the CSA interprets and applies certain provisions of National Instrument 43-101 and Form 43-101F1 (the “Instrument”), and how the securities regulatory authorities or regulators (the “Securities Regulatory Authorities”) may exercise their discretion in respect of certain applications for exemption from provisions of the Instrument. PART 1 APPLICATION AND TERMINOLOGY 1.1 Supplements Other Requirements – The Instrument supplements other continuous disclosure requirements of securities legislation that apply to reporting issuers in all business sectors. 1.2 Evolving Industry Standards and Modifications to the Instrument- Mining industry practice and professional standards are evolving in Canada and internationally. The Securities Regulatory Authorities will monitor developments in these fields and will solicit and consider recommendations from their staff and external advisers as to whether modifications to the Instrument are appropriate. 1.3 Application of the Instrument -The definition of “disclosure” under the Instrument includes oral and written disclosure. The Instrument establishes standards for disclosure of scientific and technical information regarding mineral projects and requires that the disclosure be based on a technical report or other information prepared byor under the supervision of a qualified person. The Instrument does not apply to disclosure concerning petroleum, natural gas, bituminous sands or shales, groundwater, coal bed methane or other substances that do not fall within the meaning of the term “mineral project” in section 1.1 of the Instrument. 1.4 Mineral Resources and Mineral Reserves Definitions - The Instrument incorporates by reference the definitions and categories of mineral resources and mineral reserves as set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Definition Standards on Mineral Resources and Mineral Reserves (the “CIM Definition Standards”) adopted by the CIM Council on November 14, 2004, as amended. 1.5 Best Practices Guidelines for Mineral Resources and Mineral Reserves - A qualified person classifying a mineral deposit as a mineral resource or mineral reserve should follow the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines adopted by CIM on November 23, 2003, as amended. These guidelines are posted on www.cim.org."

Jan 1, 2003