Miners: Plan Ahead for Next Year's Taxes
May 2005 by Mark E. BattersbyMany well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
"I will go to America and reap my fortune, and when I come back to this God-forsaken town, people will treat me with respect and take their hats off to me even if you don't believe what I am saying." His wife lowered her head. She had heard all of this before...
…as an academic argument, when mated to the appropriate engine, is the pump really moving water at the rate of 400 GPM?
Skarn consists of coarse-grained calcium, magnesium, iron, and aluminum silicates formed by hydrothermal solutions, which replace limestone or dolomite near the contact with an igneous intrusion. The contact metamorphism is usually caused by an intrusion such as quartz monzonite, granodiorite, or similar rock type, which may or may not be mineralized.
Placer deposits are the focus of many small-scale prospectors, as they can be worked with comparatively inexpensive equipment. In this conclusion of a six-part series, we will take a look at the geology and formation of placer deposits...
• Miners win latest round
• New push to close off lands in New Mexico
• Close call in Peru
• New underground safety requirements
Sterling Mining Company has resumed initial production at the Sunshine Mine in Idaho. The company anticipates a steady increase in production over the next three years until an average daily processing rate of 1,000 tons per day is achieved.
The Crescent Creek placers are considered to be one of Utah's few commercial grade placers, but they are marginal and difficult to work at a profit.
The Bawl Mill • Our Readers Say • Estimating Gold Values in Placer Gravels • Lode Gold in Nicaragua • California's Original Sixteen to One Mine • Montana Multiple Use Association Backs Miner • Picks & Pans: Detecting Micro-Nuggets • Diamond Search Underway in Alaska and Minnesota • Mining Outfits Eye 50-Year Supply of Iron Ore • Goldfield—Princess of the Mojave • Couple Creates Jewelry of the Iron Range • Melman on Gold & Silver • Looking Back • Mining Stock Quotes and Mineral & Metal Prices