The Business of Mining—Home Office Tax Deduction
November 2009 by Mark E. BattersbyIt is not just a few small-scale prospectors who use a home office. An increasing number of miners, prospectors, and mining-related business owners are operating at least a portion of their business from a home office.
Planners are narrowing their options for managing the 5.3 million-acre area Chugach National Forest.
Nearly 150 years after gold was discovered in Boulder County along Gold Run Creek, a couple of old mines are slowly cranking back into operation now that excavating the slender veins of precious metal is profitable again.
Commissioning is going well; ramp-up targets are all being met and the General Manager is happy. You arrive at the plant in the morning and start reviewing the night shift logs. What you discover is the night shift had to reduce feed to the mills...
When I was a college student, I remember participating in a huge religious rally and the theme song, sung by hundreds of participants, had this repeating line: “I ain’t-a going to study war no more...” Those days surely are gone as headline after headline now shouts out at us that we had indeed better study and prepare for war.
We started off excited and enthusiastic as we began hiking up the river, daydreaming about finding big gold.
The next hurdle to jump was whether the trommel motor would start again after sitting on the desert for six years without being started. The last time it had taken a three foot pipe wrench to bust it loose.
Actually, this mid-range gold zone can exist in any eluvial placer field with a shallow zone where the ground “tightens up” below the loosely packed surface dirt to harder packed dirt. However, its presence depends upon several factors:
The Bawl Mill • Molycorp Minerals Reopens Mountain Pass Mine • Utah's Crescent Creek Placers • Peshastin Creek, Washington • Michigan Proposal Would Restrict Mining Operations • No Gravel, No Gold • Nevada Regulators Reach Agreement With Queenstake Resources • Stillwater Recovers Without GM’s Business • Gold Has Shown Its Mettle, But How High Can It Go? • Utility Agrees to Remove Four Klamath River Dams • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices