SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: average joe who wrote (7638)8/10/1998 11:59:00 AM
From: Elizabeth Andrews  Read Replies (2) | Respond to of 26850
 
You haven't been paying attention. If Inco had secured a mining permit they would be mining it. Inco doesn't own the surface rights and the Crown owns the minerals. Inco never gets title to the minerals. If the negotiations get ugly Tobin could instruct Inco to remove all of its equipment and buildings from the site and cease work. Tobin could find another use for the site or another operator. Technically it would be not be an expropriation because Inco, no matter how much they spent, do not have an interest in the property. They have an exploration permit which is very limited in scope and does not confer any legal rights to the land or the deposit.



To: average joe who wrote (7638)8/10/1998 12:40:00 PM
From: E. Charters  Read Replies (2) | Respond to of 26850
 
The law in Ontario, BC and all provinces is the lease is 20 years, and you then have to mine or let the claim lapse. The option to renew the lease is discretionary to the government. It is sometimes granted. Many a company and prospector though has lost his ground because of non renewal. These and Canadian labour laws have kept companies like Royal Dutch Shell out of Canadian mining.

EC<:-}


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News