The mining industry, whether surface, subsurface, or subsea, unknowingly performs research and development activities that qualify for the Grants and tax Credits. Such activities can provide a significant benefit to assist companies in further development or reinvestment.
Examples of areas where qualifying R&D activities could exist
- Creating a mine design related to the topography, local geology, structural siting of deposit, hydrology, tectonic stress regime, depot of target deposit, and potential seismic activity.
- Establishing the process and extraction techniques to optimize mining production.
- Developing experiments to improve products or processes in remote-controlled mining processes, geo-sensing techniques, or biomining bacteria.