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Exploration, Development and Taxes
May 2007 by Scott Harn
Further demonstrating the importance of seeking professional assistance and advice are the tax rules governing the expenses of a mining company. The tax treatment of mine exploration and mine development costs is confusing, complex and often overlooked or ignored—except by the ever-vigilant Internal Revenue Service.Clarence King, Geologist
Clarence King was born in Rhode Island in 1842, the son of a businessman. His father died when he was 6, so he was raised by his mother. She wanted to have Clarence attend the very best schools, and even moved in order to have him in the best district. She gave him a magnifying glass on his 7th birthday, and this led to his discovery of fossil ferns in neighborhood rocks.
Mining Stock Quotes & Mineral and Metal Prices
MMAC Update
We spent our evening at some informal get-togethers at two private residences in the DC area, which provided the opportunity to talk with staff members from Congress, other agencies, and a few consultants working on public land issues. We found common ground with many of them, and found a strong ally in a former Congressman turned consultant who agreed that Mining Districts provide the smartest legal route...
ICMJ's 11th Annual Photo Contest Results
As usual, the decision process was extremely difficult, but we managed to pick our 10 winners.
Prospecting for Commercial-Scale Gold Deposits
While most individual prospectors out there are searching for placer gold, there is a different type of prospecting being done by a handful of individuals—the search for commercially viable large-scale gold and silver deposits.
Surging Gold Prices Burn a Few Unlucky Mining Firms
The extraordinary rebound in gold prices is claiming some unlikely victims—a few of the gold mining companies themselves.
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