Saved Before the Tax Bell Tolled
February 2007 by Mark E. BattersbyThe owners of many prospecting, dredging and mining operations may be missing a number of newly extended and expanded tax breaks under the false impressions that they expired. Other tax breaks that may have been overlooked in the past have now been clarified thanks to the last-minute passage of a new tax law.
Imagine the liability protection of a corporation and the pass-through tax benefits of a partnership in one entity for your mining or prospecting operation.
The El Paso Mountains of California are located in the extreme northwestern portion of the Mojave Desert, between Highways 14 and 395, about twenty miles southwest of China Lake. The area is rich in mining history, not far from the great Randsburg district gold mines that are still producing today.
The three-day trip will be led by long-time and well-respected Nevada consulting geologist Buster Hunsaker and will include tours of active gold, copper and industrial mineral mines, as well as stops that will examine new exploration and closure projects.
There are so many places in this region to discuss that one article won’t be enough to cover it all, so I’ll focus on a couple of places that we found interesting while searching for gold.
• Changes to influential House committees
• Supreme Court may review ESA
• Suit filed to block Kensington
• Exploration incentive proposed in Wyoming
• Montana bill LC1058
Just simply crushing up all your specimens for their gold content may be a serious waste of potential cash.
The Bawl Mill • Prospectors Beat Mining Claim Tax • In Pursuit of Gold and Silver in the Sierra Madres—Establishing a Mining Company in Mexico • Update On “Special Rock” Kicking • Michigan DEQ Gives Tentative OK to Nickel, Copper Mine • The Petersville—Yentna Goldfields • Demand for Copper Boosts Zambian Mining • Doc Livingston • Bum Luck • San Manuel Mine Officially Closes With a Bang • Environmentalists Target Pebble Mine • Detecting in Australia's Pilbara Region • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back