Taxation Issues for the Mining Industry: 2009 Update

A Report by the Intergovernmental Working Group on the Mineral Industry

Table of Contents

• Introduction
• Situational Analysis
  • The Economy
  • Exploration
  • Base-Metal Reserves
  • Environmental and Social Issues
• Considerations
  • Short-Term Issues
    • Mineral Exploration Tax Credit Extension
    • Canadian Exploration Expense – Eligibility Rules
    • Canadian Exploration Expense – Overhead Costs
  • Long-Term Issues
    • Declining Base-Metal Reserves
      • New Mine Status – 60-Month Rule
      • Incenting Exploration Near Operating Mines
    • Environmental and Social Issues
• Recommendations
• Annex I. Exploration by Flow-Through Shares