Mining and Metallurgical Society of America P.O. Box 810 Boulder CO 80306-0810 Phone: 303-444-6032 Web site: www.mmsa.net Email: contactMMSA@mmsa.net

2013 Annual Meeting

Annual Meeting Agenda – Denver Colorado Hyatt Regency Convention Center, Room Centennial B

February 24, 2013 - 4 p.m. to 6 p.m. Item 1. Annual meeting minutes 2012 Summarize and approve 2012 Annual Meeting Minutes. - Mark Jorgensen Item 2. Membership and Elections 2a. 2012 Membership report, statement of quorum. - Betty Gibbs 2b. Vote on Officers and Councilors Officers President – Matt Bender Vice President – Barney Guarnera Secretary – Michael Blois Treasurer – Paul Jones Councilor candidates: At Large - Dayan Anderson (2015) Terry McNulty (2015) 2c. Installation of Officers and Councilors. Item 3. Society Financial Report 3a. Treasurer’s Report. (Paul Jones) Attachments: Treasurer’s Report Narrative Exhibit I - Operating Funds, Cash Flow Exhibit II - Operating Funds, Balance Sheet Exhibit III - Jackling Fund Cash Flow Exhibit IV - Jackling Fund Balance Sheet Exhibit V - Jackling Fund, 2012 Securities Transactions, Valuation and Changes in Unrealized Capital Gains Exhibit VI - Jackling Fund, History of Donations 1997-2012 Comparative Financial Statements, Calendar Years 1998-2012

3b. Review 2012 Audit Report (Chuck Stevens). 3c. Assignment of Audit Committee for 2013 financial records. 3d. Jackling Fund Report - Introduced by Paul Jones. Robert Schneebeck and colleagues from RBC Wealth Management will provide a summary of the 2012 Jackling Fund performance. (15 minutes) 3e. Minerals Education Coalition (formerly Mii). Sharon Schonhaut will present the MEC 2012 activities. (15 minutes) Item 4. Other Business 4a. MMSA outreach activities. (Events attended by the Executive Director in 2012 - TREM conference, WMC Fly-In). Plans for 2013. (Betty Gibbs) 4b. Government Committee and MiningFactsMMSA.com Web Site. Activities to provide info to Congressional Staff. (Ann Carpenter) 4c. Discussion and presentation of two new Foundations: The Jackling Fund Foundation and the MMSA Education Foundation. (Mark Jorgensen) 4d. Other business. QP Committee The QP Committee consists of the following people, four are continuing and three are new: David Abbott Mary Korpi Anthony Staley Pat Gochnour Alan Coyner Marc LeVier Mark Jorgensen Item 5. Adjournment

Mining and Metallurgical Society of

America P.O. Box 810 Boulder CO 80306-0810

Phone: 303-444-6032 Web site: www.mmsa.net Email: contactMMSA@mmsa.net

Minutes of the MMSA 2012 Annual Meeting

Sheraton Hotel, Redmond Room Seattle, WA

Sunday, February 19, 2012

I. Mark Jorgensen called the annual meeting to order shortly after 4:00 p.m. a. Referred to agenda and introduced Executive Committee members b. Executive Committee present were: Mark Jorgensen, Paul Jones, Jim

Metso, Rick Gilbert, and Betty Gibbs, Executive Director c. Apologies from Matt Bender (not present)

II. Minutes a. Mark Jorgensen reviewed minutes from the 2010 annual meeting, and

called for a motion to approve them as written. b. Eric Spiller moved for approval and Charles Bucknam seconded the

motion. The motion carried unanimously. III. Membership

a. Betty Gibbs gave a report on MMSA membership and verified that a quorum was present.

b. 70 or more members are required to be present to reach the 20% requirement for a quorum. There were 76 proxy ballets received which met the requirement for a quorum. Additionally, there were 27 members present in person at the meeting.

c. Membership increased in 2011, especially those requesting QP status. Most recent applicants are requesting both Regular Membership and QP status. Not all applicants for QP are accepted. Current total membership (end of 2011) is 345 regular, 152 QP, 5-6 applying for membership.

IV. Nominations a. Mark Jorgensen presented two slates of candidates for approval. b. The three councilor-at-large candidates were Alan Burton (2014), Jim

Hendrix (2013), and Anthony Staley (2014). i. Paul Jones offered the motion for acceptance of these candidates

and Eric Spiller seconded the motion. The motion carried unanimously.

c. The three Colorado Section candidates were Kirk McDaniel (2013), Mark Nesbitt (2014), and Susan Wager (2013).

i. Laura Skaer made the motion to accept the candidates and Karen Jass seconded the motion. The motion carried unanimously.

V. QP Issues, Jim Metsa

a. Jim Metsa presented information on strengthening the Society’s position regarding QP status.

i. Minimum requirements are being reinforced to ensure candidate qualifications.

ii. Six members of the QP review committee rigorously review the applicant’s qualifications.

iii. Endorsers are required and vetted prior to candidate’s acceptance. iv. QP program is regularly reviewed to ensure that it is current and

pertinent to the needs of the industry. v. The importance of CEUs was stressed.

vi. Liability insurance is being put in place to protect the Society. vii. Application for QP status does not guarantee automatic

acceptance. Several applications have been denied. viii. The minimum requirements were reviewed with those present at

the meeting. Jim Metsa stressed that educational years spent at the university count for Regular Membership, but QP status requires that a minimum of 10 years’ actual work experience are required and schooling does not count toward the requirement.

VI. Treasury Report a. Paul Jones presented the financial status of the Society. b. There is a notable change in the bookkeeping procedures; namely,

accounting protocol was changed from cash accounting to the accrual method in 2011.

c. Details of the financial statement are found in the attachment to this year’s agenda

VII. Jackling Fund Report a. Robert (Bob) Schneebeck from RBC’s Denver office gave a report on the

Jackling Fund investment portfolio. b. The fund lost value in 2011, but Bob explained that the fund is invested

for the long term, and that short-term losses are to be expected in the current volatile market.

c. The average return over the past 10 years has been 7.3%. d. Funds are invested as follows: 61% in stocks (both U.S. and non-U.S.),

32% in fixed income, and 7% in convertible bonds. Two-thirds of the stock is in large-cap investments.

e. The charitable funding objective is to match needs with fixed income. VIII. Financial Audit

a. Scott Shuey & Bill Wilson conducted an audit of the 2010 and 2011 Society finances.

b. For both years, they found nothing out of the ordinary and submitted a written report confirming the outcome.

IX. Mexico a. Patrick Williamson, Chair of the Mexican section of SME, gave brief

report. There are 45 SME members in this section and 8 MMSA members.

b. The challenge was identified to increase MMSA membership and to use existing Mexican mining societies to leverage activity in MMSA. Particularly, meetings may be ‘piggybacked’ on other society meetings.

c. Antonio Nieto (Penn State) offered assistance in getting MMSA meetings off the ground in Mexico

d. Betty offered to put information in the MMSA newsletter to give the organization a boost.

X. Professional Stamp for Use by QP Members a. Some QP members have a need for a stamp to certify QP status on certain

documents. b. Betty Gibbs will investigate cost for a stamp and mailing to those

requesting the stamp. Members requesting a stamp will be charged a nominal fee to cover these costs.

c. A stamp is not required for QP membership, rather to accommodate members who require this for their business needs.

d. Mark Jorgensen solicited a vote on whether the Society should pursue a stamp. The vote of the members present was unanimous.

XI. MMSA Outreach Activities a. Betty Gibbs gave a report on her recent activites. Among these were:

i. Women’s Mining Coalition ii. Rare earths and critical minerals meeting (TREM 11)

iii. Northwest Mining Critical and Strategic Minerals Committee iv. In September, The More You Dig presentations in Senate and

House b. Other items to be covered in the newsletter c. Laura Skaer (Executive Director Northwest Mining Association) gave an

impromptu report and offered her thanks to MMSA for the $25k donation for The More You Dig campaign.

XII. Mark Jorgensen gave a reminder of the MMSA Dinner at 6:30 p.m. in the Grand D Ballroom in Sheraton.

XIII. There was a motion by Debbie Laney to adjourn the meeting and it was seconded by Rick Deery. The motion carried.

XIV. The meeting was adjourned at 5:00 p.m.

Submitted by Rick Gilbert, Secretary Members Attending: Laura Skaer Jurgen Brune Ronel Kappes Scott Shuey Debbie Laney Clay Newton Chuck Stevens Charles H. Bucknam James Brierly

Rodrigo R. Carneiro Ruth Carrher Mary Korpi Patrick Williamson Erik Spiller Karen Jass Kirk McDaniel Neil Pren Ronald Parratt

Rick Deery Antonio Nieto Roanna Poeck G. Dante Ramirez Mark Jorgensen Paul Jones Jim Metsa Rick Gilbert Betty Gibbs

Non Members: John Hayden, RBC (Bob Schneebeck, Wendy Hulse, Cathy Anderson)

Mining and Metallurgical Society of America

P.O. Box 810 Boulder CO 80306-0810 Phone: 303-444-6032 Web site: www.mmsa.net

Email: contactMMSA@mmsa.net

February 24, 2013 2012 MMSA Membership Report

MMSAmembershipdeclinedslightlyduring2012.MMSAhad344totalmembersattheendof2012ofwhich173areQPmembers.Memberswereremovedbecauseofdeathsandresignationsandthenumberwasnearlybalancedbynewapplications.During2012,MMSAreceivedandcompletedprocessingof24applicationsfornewmembershiporupgradetoQPstatus.TwoapplicationswereforRegularmembershiponly,20applicationswereforRegularandQPmembership,and2currentmembersappliedforQPstatus.Oneapplicantdidnotcompletethemembershipprocessandoneapplicantwasrejected,so18newmemberswereadded.AsoftheendofDecember2012,fourapplicationswerestillinprocess.Membersdeletedduring2012totaled22,where16resignedand6weredeceased.Thegraphbelowshowshowthemembershiphaschangedduringthepastfifteenyears.TheQPmembershipclasswasinstitutedinearly2007andcontinuestogrow.TheQPoptionofferedbyMMSAhasattractedtheinterestofgeologists,mining,andmetallurgyprofessionals.MostofthenewapplicantsalsoappliedforQPstatus.

ThenumberofmemberswhoareRegularmembersonlyhasdeclined.AfewRegularmembersaddQPstatusandnewmembersusuallyapplyforQPalongwithmembership.

Memberscomefromawiderangeofbackgroundsandareinvolvedintheminingindustryinmanycapacities.31membersliveinothercountries,includingAustralia(3),Canada(7),Mexico(10),UK(5),andonemembereachinItaly,Brazil,CostaRica,Bulgaria,MalaysiaandChina.TheMMSAQualifiedProfessionalisrecognizedinCanada,SouthAfrica,andAustralia.ByassociationwithAustralia,theHongKongandSingaporeexchangesrecognizeMMSAQPmembers.EveryyearMMSAsubmitsareporttotheregulatingagenciesaboutthestatusoftheMMSAQPprogram.QPstatushasbeengrantedinfivecategoriesasfollows:

36inGeology 66inMining 44inOreReserves 73inMetallurgy/Processing 23inEnvironmentalPermittingandCompliance

SomemembershaveQPstatusinmorethanonecategory.SectionsColoradoremainsMMSA’sprimaryactivesection.SectionsarestillonthebooksforNevadaandUtah.TheUtahsectionhadameetingduring2012andplansmore. QP Committee The QP Committee did not change during 2012. The committee for 2013-2014 will include the following: Mark Jorgensen, Chair (Past President) David Abbott Alan Coyner Pat Gochnour Mary Korpi Anthony Staley Mark Jorgensen as most recent Past President replaces Jim Metsa as the Chair. Matt Bender leaves the QP Committee to assume responsibilities as the Society President and is replaced by Alan Coyner. MMSA Expertise List Eighty-two (82) members are currently on the expertise list and are available for anyone who has questions about minerals, how they are used, and global availability. The list is not published, but has been used several times when people have contacted MMSA for mining and minerals information. The Expertise list is another way that MMSA can provide a service to government, industry, and the general public.

Submitted by Betty Gibbs, Executive Director

Mining and Metallurgical Society of America P.O. Box 810 -- Boulder, CO 80306-0810 Phone: 303-444-6032 www.mmsa.net

TREASURER’S REPORT – 2012

The Society showed an operating loss on an accrual basis of $14,358 compared to a loss of $6,038 in 2011 (Exhibit I). Comparing the accrual basis results, the loss increased by roughly $8,320 year-over-year. Expenses increased by $10,549 to $61,825 in 2012 and revenues increased by $2,229 to $47,467. Examining the major changes, the Web site expense consists primarily of the cost to develop a new Web site targeted to Congressional staff. Legal expenses were unusually high because MMSA set up two new foundations for the Jackling Fund and mineral education. Also legal expenses were required because of an ethics investigation. However, donations of $5,120 were made from Society funds in 2012. The 2012 Annual Dinner in Seattle was more expensive than the 2011 dinner, resulting in a loss of $5,139. The Society’s Balance Sheet (Exhibit II) calculated on an accrual basis shows a year-end 2012 asset balance of $48,530 compared to the year end 2011 asset balance of $50,329. Of this, $21,696 was in our checking account and $9,406 was invested in a savings account. Outstanding liabilities at year-end 2012 totaled $37,338 compared to year-end 2011 liabilities of $24,779. The largest component of the liabilities is the unearned revenue that is associated with membership dues for the following year. We continue to pay a limited amount of Jackling Fund expenses from operating funds. A 1998 through 2012 summary of the Society’s operating revenues and expenditures is included in the financial statement. In summary, the financial condition of the Society’s operating account remains sound at year-end 2012. At year-end 2012 the Jackling Fund’s assets totaled $1,056,346, up from $985,126 at year-end 2011 (Exhibit IV). Dividend income, interest and long term capital gain distributions for the Jackling Fund totaled $31,099 during the year (Exhibit III). Disbursements for donations in 2012 totaled $52,000 and an additional donation of $5,000 was made from MMSA’s Operating Account rather than from the Jackling Fund. Contributions to the Fund totaled $2,440. A net gain for the year totaled $68,456 as shown in Exhibit IV. Expenses, excluding discretionary disbursements totaled $7,592 (Exhibit III). Details of disbursements from the Fund to four organizations which your Society supported from the Fund during the 2012 total $57,000 and are shown in Exhibits IV and VI of the accompanying financial report. Mr. Robert Schneebeck of RBC’s Denver Office will discuss the newly repositioned investment portfolio at our Annual Business Meeting, February 24, 2013 in Denver. Respectfully Submitted,

Paul C. Jones, Treasurer February 19, 2012

Exhibit I

MINING AND METALLURGICAL SOCIETY OF AMERICASOCIETY -- ACCRUAL BASIS REVENUES AND EXPENSES FOR 2011 AND 2012

INCOME:2011 2012

Membership2010 Dues 3752011 Dues 33,705 1,0502012 Dues 38,776Application Fees 3,200 2,175Miscellaneous Other Income 320 1,423

S/T Membership 37,600 43,423

Other IncomeInterest, Savings 18 12Jackling Fund, 2011 Contributions 5,825Jackling Fund, 2012 Contributions 1,770 670Jackling Fund, 2013 Contributions 3,362Other-Wine Glasses, etc. 25

7,638 4,044

Total Income 45,238 47,467

EXPENSES:Jackling Fund

Transfer to Jackling Fund 5,775 2,440Gold Medal/Medallions 5,542Tax Preparation 1,745 1,665 Secretary of State Filing Fees 20

S/T Jackling Fund 13,082 4,105

Annual Meeting2011 Meeting Dinner Revenue (6,310)2011 Meeting Dinner Costs 7,6942012 Meeting Dinner Revenue (7,977)2012 Meeting Dinner Costs 13,116

S/T Annual Meeting Note 1 1,384 5,139

Bank Charges 118 177PayPal Fees for On-Line Payments 312 464Management Expenses 17,500 17,500Insurance - Errors & Omissions 1,288 1,288Phone and Fax 294 829Postage 450 433Travel 3,797 2,006Education Expense 386Printing 175 164Supplies 264 972Web Site Note 2 239 6,558Legal Expense Note 3 3,917 15,510Other Note 4 8,070 6,682

S/T Other Expenses 36,811 52,581

Total Expenses 51,276 61,825

RETAINED INCOME: (6,038) (14,358)

Note 1: Net cost from Operating fund for 2011 Annual Meeting was $1,384 and $5,139 for the 2012 Annual Meeting. Note 2: 2012 one-time web-site development expenses: $5,719 and registration: $345. Normal expenses were $494. Note 3: 2012 non-recurring legal fees were incurred. For consultation and establishing the Jackling Foundation: $7,493. For Membership policy issues and investigation, the legal fees incurred were $8,017. Note 4: 2011 Donations of $7,720, $250 TREM '11 Registration and $100 for Washnock flowers; 2012 Donations of $5,120 and Meeting Expense of $1,562 .

ASSETS:12/31/11 12/31/12

Checking Account Balance 19,459 21,696Savings Account Balance 12,394 9,406PayPal Account Balance 1,188 235Accounts Receivable - Dues 175 200Inventory - Medallions 1,440 1,320Gold Medals 15,673 15,673Total Cash, Bank Accounts, and Current Assets 50,329 48,530

Total Assets 50,329 48,530

LIABILITIES & EQUITY:Liabilities

Accounts Payable 4,533 7,508Deferred Revenue (2012 Dues) 20,246Deferred Revenue (2013 Dues) 29,830

Total Liabilities 24,779 37,338

EquityBeginning Net Worth 31,589 25,550Income for the Year (6,039) (14,358)Closing Net Worth 25,550 11,192

TOTAL LIABILITIES & EQUITY: 50,329 48,530

Exhibit II

MINING AND METALLURGICAL SOCIETY OF AMERICASOCIETY -- BALANCE SHEET 12/31/2011 AND 12/31/2012

Accrual Basis

REVENUES 2011 2012Interest and Dividends 20,549 22,186

Other RevenueJackling Fund, Contributions from Society 5,775 2,440Capital Gains Distributions 8,683 6,428Realized Gain/(Loss) 115,666 2,485

Other Revenue 130,124 11,353

Mutual Funds Liquidated in Total (2011) 1,072,464Mutual Funds Liquidated in Total (2012) 88,000

Mutual Funds Sold 1,072,464 88,000

Total Revenues 1,223,137 121,539

EXPENDITURESDiscretionary Expenditures

DonationsDonations (for details, see Exhibit VI) Note 1 65,000 50,000Sections 5,000 2,000

Subtotal 70,000 52,000

Non-Discretionary Expenditures Note 2Audit and Tax Preparation 0 0RBC Advisory Fee 6,986 7,540Margin Interest 387 52

S/T Non-Discretionary Expenditures 7,374 7,592

Mutual Funds Purchased 1,105,275Bonds Purchased 53,617

Total Expenditures 1,182,649 59,592

NET CASH FLOWS IN (OUT): 40,488 61,947

Note 1 Additional $7,600 and $5,000 were donated from Society Funds in 2011 and 2012, espectively.Note 2 Most non-discretionary costs are paid out of Society funds.

See Society income statement.

Exhibit III

MINING AND METALLURGICAL SOCIETY OF AMERICAJACKLING FUND - CASH FLOW, 2011 & 2012

ASSETS: 12/31/2011 12/31/2012Cash and Money Market Funds

Cash 0 0Money Market Fund 11,557 6,185

Total Cash and Money Market Funds 11,557 6,185

InvestmentsUS Equities Mutual Funds Note 1 380,425 450,513International Equities Mutual Funds 136,530 158,804Fixed Income Mutual Funds 166,781 140,428Bond Ladder Note 2 153,175 211,110Global Tactical Asset Allocation Fund 56,313 61,221Alternative Investment Mutual Funds Note 1 77,429 24,893

Total Investments 970,652 1,046,969

Accrued Interest 2,917 3,192

Total Assets 985,126 1,056,346

LIABILITIES & EQUITY:Liabilities 0 0

EquityOpening Net Worth 1,094,327 985,126Retained Income (Loss) (10,314) 68,456Unrealized Capital Gains (Losses) (98,887) 2,764Closing Net Worth 985,126 1,056,346

TOTAL LIABILITIES & EQUITY 985,126 1,056,346

Summary of Total Distribution from Funds for Donations by Calendar Yea 2011 2012Mineral Information Institute 40,000Northwest Mining Association - "I Dig Mining" 25,000 10,000Colorado Section 5,000 2,000Mountain States Legal Foundation - from Society Funds 5,100Colorado Mining Association - from Society Funds 2,500Mineral Education Coalition 40,000Resources for a Better Colorado - from Society Funds 5,000

Total Donations by Calendar Year 77,600 57,000

Note 1 RS Investment Trust Global Natural Resources Fund was reclassified as a US Equity Mutual Fund in 2012

Note 2 Bond Ladder consists of eight corporate notes maturing in 2014, 2015, 2016 and 2017Average S&P rating of these notes is BBB

Exhibit IV

MINING AND METALLURGICAL SOCIETY OF AMERICAJACKLING FUND - BALANCE SHEET

(Including Unrealized Capital Gains/Losses)

SECURITIES SOLD IN 2012: Price Cost Gain/Loss AmCap Fund 25,000 23,272 1,728Dodge & Cox Stock Fund 25,000 24,219 781Lord Abbett Short Duration Income Fund 38,000 38,024 (24)

Total Sold 88,000 85,515 2,485

CHANGES IN UNREALIZED CAPITAL GAINS/LOSSES: (URCG/L) Cost Value or Basis URCG/L

December 31, 2011 Investments 982,210 1,085,596 (103,386)December 31, 2012 Investments 1,053,155 1,050,390 2,764Net Change in Unrealized Capital Gains/Losses 106,150

SECURITIES VALUATIONS AS OF DECEMBER 31, 2012 Cost Gain/(Loss) Value Income % Yield Money Market and Fixed-Income Investments

Money Market Funds 6,185 0 6,185 1 0.01Bond Ladder 205,895 5,215 211,110 9,706 4.60Fixed Income (Bond) Funds 142,296 (1,868) 140,428 5,736 4.08

Total Money Market and Fixed Income Investments 354,376 3,347 357,723 15,443 4.07

Equity Mutual FundsUS Equity Mutual Funds 451,688 (1,175) 450,513 2,767 0.60International Equity Mutual Funds 160,000 (1,196) 158,804 2,644 1.66

Total Equity Mutual Funds 611,688 (2,371) 609,317 5,411 0.89

Alternative InvestmentsGlobal Tactical Asset Allocation Fund 61,598 (376) 61,221 883 1.44Real Estate Funds 22,729 2,164 24,893 542 2.18

Total Alternative Investments 84,326 1,788 86,114 1,425 1.65

Total Investments 1,050,390 2,764 1,053,155 22,280 2.12

INTEREST RECEIVABLE 3,192

PORTFOLIO VALUE AT DECEMBER 31, 2012 1,056,346

CHANGES IN PORTFOLIO VALUE 1 Year Change 12/31/2011 12/31/2012 $ %

Net Worth 985,126 1,056,346 71,220 7.23%Discretionary Expenditures during year 70,000 52,000 (18,000)Net Worth before Discretionary Expenditures 1,055,126 1,108,346 53,220 5.04%

Exhibit V

MINING AND METALLURGICAL SOCIETY OF AMERICAJACKLING FUND – 2012 SECURITIES TRANSACTIONS, VALUATION

AND CHANGES IN UNREALIZED CAPITAL GAINS/LOSSES

Year Recipient Donated Annual Total 1997 Mineral Information Institute 30,000

Colorado School of Mines Foundation 5,000University of Utah, mining conference 5,000Colorado Mining Exhibit Foundation 5,000Mountain States Legal Foundation 5,000 50,000

1998 Mineral Information Institute 30,000Colorado Mining Exhibit Foundation 5,000American Geological Institute 5,000Colburn Gem and Mineral Museum 5,000Western Museum of Mining and Industry 5,000University of California (Oral History) 5,000Mountain States Legal Foundation 5,000PERC 5,000 65,000

1999 Mineral Information Institute 40,000Colorado Mining Exhibit Foundation 5,000Colorado Mining Association, Education Foundation 3,000Arizona Mining Association 5,000Western Museum of Mining and Industry 5,000University of California (Oral History) 3,000Mountain States Legal Foundation 5,000Pacific Legal Foundation 5,000Colorado MPD 250 71,250

2000 Mineral Information Institute 30,000Colorado Mining Exhibit Foundation 2,500Colorado Mining Association, Education Foundation 3,000Arizona Mining Association 6,550University of Arizona 5,000Western Museum of Mining and Industry 5,000Mountain States Legal Foundation 5,000Colorado MPD 2,500PERC 5,000Da Vinci's Playhouse 3,000N.C. State University, Education Foundation 6,000PFUSA 10,000 83,550

2001 Mineral Information Institute 30,000Western Museum of Mining and Industry 2,000Northwest Mining Association 5,000PERC 15,000TUSD, Gridley Middle School 3,000 55,000

2002 Mineral Information Institute 30,000PERC 20,000Colorado Mining Exhibit Foundation 2,000Colorado Mining Association, Education Foundation 1,000Arizona Section of MMSA, to support student attendance 1,000Northwest Mining Association 2,000 56,000

Exhibit VI

MINING AND METALLURGICAL SOCIETY OF AMERICAJACKLING FUND - HISTORY OF DONATIONS. 1997 – 2012

Exhibit VI, Page 1 of 3

Year Recipient Donated Annual Total

Exhibit VI

MINING AND METALLURGICAL SOCIETY OF AMERICAJACKLING FUND - HISTORY OF DONATIONS. 1997 – 2012

2003 Mineral Information Institute 30,000PERC 20,000Colorado Mining Exhibit Foundation 2,000Colorado Mining Association, Education Foundation 2,000Western Museum of Mining and Industry 2,500National Energy Foundation 5,000Mountain States Legal Foundation 7,500 69,000

2004 Mineral Information Institute 30,000University of Arizona 3,000Colorado Mining Association 5,000Seaman Mineral Museum 7,500Colorado Section 5,000 50,500

2005 Mineral Information Institute 40,000Mountain States Legal Foundation (for 2004 year) 5,000Mountain States Legal Foundation (for 2005 year) 5,000Colorado Section 5,000 55,000

2006 Mineral Information Institute 40,000Colorado Section 5,000SME Workshop for Sustaining Mineral Education 15,000Arizona Section 3,000Sculpture to Recognize SME's 50th Anniversary 796 63,796

2007 Mineral Information Institute 40,000Colorado Section 4,000SME Foundation, Scholarship Fund 50,000Mountain States Legal Foundation (for 2006 year) 5,000Colorado Mining Association 25,000 124,000

2008 Mineral Information Institute 40,000Mountain States Legal Foundation 10,000Colorado Section 4,000 54,000

2009 Colorado Mining Exhibit Foundation 2,000Mineral Information Institute 40,000Colorado Mining Association, Education Foundation 2,000Mountain States Legal Foundation 5,000Seaman Mineral Museum 2,000 51,000

2010 Mineral Information Institute 40,000Mining and Metallurgical Society of America-Denver 4,000Mountain States Legal Foundation 5,000Colorado Mining Association 25,000SME 1,000 75,000

2011 Mineral Information Institute 40,000Northwest Mining Association - "I Dig Mining" 25,000Colorado Section 5,000Mountain States Legal Foundation - from Society Funds 5,100Colorado Mining Association - from Society Funds 2,500 77,600

Exhibit VI, Page 2 of 3

Year Recipient Donated Annual Total

Exhibit VI

MINING AND METALLURGICAL SOCIETY OF AMERICAJACKLING FUND - HISTORY OF DONATIONS. 1997 – 2012

2012 Mineral Education Coalition 40,000Northwest Mining Association - "I Dig Mining" 10,000MMSA Colorado Section 2,000Resources for a Better Colorado - from Society Funds 5,000 57,000Total, 1997 through 2012 1,057,696

Exhibit VI, Page 3 of 3

Mining & Metallurgical Society of AmericaComparative Financial Statements

Calendar Years 1998-2012

Calendar Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012OPERATING REVENUES

Memberships 30,400 29,000 30,075 28,175 29,269 27,725 23,925 31,775 29,350 35,775 27,000 21,110 43,268 47,101 43,423

OPERATING EXPENDITURESBank Charges 10 12 32 30 8 195 77 219 118 177Insurance-Errors & Omissions 1,041 1,039 1,039 1,288 1,288Management Expenses 13,500 12,000 14,400 14,400 14,400 15,840 15,840 15,840 15,840 19,800 13,125 21,875 13,125 13,125 17,500Phone & Fax 1,508 1,314 1,901 900 563 431 302 485 738 765 410 1,014 373 294 829Postage 1,849 1,928 2,034 2,205 1,078 512 632 410 723 605 1,070 555 572 445 433President's Expense 186 754 1,084 1,732 590 1,746 100Printing 2,336 1,979 4,079 3,736 815 869 363 1,097 1,224 555 1,161 131 141 172 164Supplies 2,023 1,690 836 2,032 942 658 1,697 734 535 363 547 34 302 264 972Web Site 219 361 1,561 4,393 1,836 929 786 1,890 3,884 744 2,111 238 339 239 6,558Other 1 96 100 1,774 31,588 21,250 12,116 7,590Total Operating Expenditures 21,621 19,282 25,565 27,762 19,646 19,239 20,836 22,218 22,944 23,430 23,180 56,551 37,360 28,161 35,511

OPERATING RESULTS 8,779 9,718 4,510 413 9,623 8,486 3,089 9,557 6,406 12,345 3,820 (35,441) 5,908 18,940 7,912

OTHER REVENUE / (DISBURSEMENTS)Annual Meeting, net 2 (1,983) (2,134) (2,101) (2,031) (3,671) (2,797) (3,406) (4,046) (744) (18,603) (2,321) (1,989) (5,959) (1,384) (5,139)Jackling Fund Collections 380 570 750 580 520 740 770 950 820 1,170 600 425 3,265 6,910 4,032Jackling Fund Disb. (1,080) (520) (400) (810) (550) (2,767) (1,140) (1,487) (1,320) (6,160) (3,679) (2,645) (5,775) (2,440)Interest Revenue 1,820 1,500 1,928 1,555 661 527 554 933 1,249 1,074 24 77 27 18 12Other Revenue/Disbursements 3 (17,127) (3,975) (2,237) (636) (1,016) 3,079 (2,199) (1,474) (5,567) (18,736)Total Other Net Disbursements (17,990) (4,559) (2,060) (1,342) (4,056) (4,297) (3,222) (3,650) 5 (22,519) 1,382 (7,365) (6,786) (5,798) (22,271)

NET REVENUE / (DISBURSEMENTS) (9,211) 5,157 2,448 (930) 5,567 4,189 (132) 5,907 6,410 (10,172) 5,202 (42,806) (879) 13,143 (14,358)

Beginning Checking & Savings 53,621 44,382 49,539 51,987 51,057 56,624 60,838 60,706 66,588 72,998 62,826 68,029 25,223 19,898 28,508Ending Checking & Savings 44,382 49,539 51,987 51,057 56,624 60,838 60,706 66,588 72,998 62,826 68,029 29,651 24,344 33,041 31,337Ending Liabilities net of Other Assets 0 0 0 0 0 25 25 0 0 0 0 4,428 4,446 4,533 20,145Ending Equity 44,382 49,539 51,987 51,057 56,624 60,813 60,681 66,588 72,998 62,826 68,029 25,223 19,898 28,508 11,192

1 2008 includes: tax return fee for 2007 of $1,250; California and Colorado corporation filing fee of $10 and $135, respectively; and special executive committee meeting in Las Vegas of $389;

2009 includes $5,468 for Wayne Allard and Clean Tech Expo in Washington DC and $26,120 for the purchase of five gold medals; for 2010: $16,858 for Wash DC Symposium, $2,425 for legal fees and $1,967 for travel

2011 includes donations of $7,600, educational expense of $386, PayPal fees of $312, Filing fee of $20, and travel of $3,797; 2012 includes Paypal of $464, Donations of $5,120, and Travel of $2,006

2 2007 includes $16,062 for medallions; 2008 net meeting includes normal meeting revenue and expenses plus $2,805 for travel expenses; medallion sales of $710; and wine glass sales of $202; $99 gold medal for 2010

3 1998-2002, Other Disbursements include directory, travel, sections, and some one-time expenditures; for 2008, the Arizona Section returned $3,079 to MMSA; for 2009, sales of medallions and wine glasses and

$1,995 for tax return prep and $450 for mining museum videos and $10 for filing fee; for 2010, $1,365 for tax prep and $10 for filing fee; for 2011, professional fees of $5,662, meeting expenses of $250, winegalss revenue of $25,

and medallion revenue of $320; for 2012, tax prep of $1,665, meeting expense of $1,562,and legal fees of $15,510

MINERALS EDUCATION COALITION

SME 2012 Annual Report

The activities described in this 2012 Annual Report are the highlights of the Minerals Education Coalition’s (MEC) accomplishments in its inaugural year. The Minerals Education Coalition was designated the K-12 Education and public awareness and outreach program of the SME Foundation in September 2011. It is the successful merger of SME’s Mineral Information Institute and Government, Education and Mining programs. MEC Mission: The Minerals Education Coalition’s mission is to provide direction and oversight of SME’s fact-based K-12 minerals education activities from development to distribution and to inform and educate the general public about the importance of mining in their everyday lives.

MEC’s Audiences: Several distinct, yet equally important groups are the targeted audiences for the activities of the MEC, specifically:

K-12 students who are the consumers of the future and potential employees of the mining industry;

Teachers of K-12 students who will provide the knowledge and skills needed to provide factual and meaningful instruction and experiences for youth;

SME members in Sections who locally provide accurate and significant educational activities for K-12 students and the general public; and,

The general public who are the beneficiaries of mining and minerals in their lives. Minerals Education Coalition Committee: The MEC Committee has 14 members, with Mike Sheahan serving as Chair and Pam Wilkinson as Vice-Chair. During this first year, the Committee adopted a document, Guiding Principles, to detail the vision, mission, goals, governance structure and expectations of the MEC. Members held two in-person meetings and two conference calls, determined that three MEC Awards would be made at the SME 2013 Annual Meeting, assisted with fundraising and public outreach as appropriate on behalf of the MEC and provided leadership, guidance and coordination with other SMEF Committees. MEC Staff Members The SME Foundation selected three highly qualified professionals as the MEC’s staff after conducting national searches; Sharon Schonhaut (MEC Manager), Amy Helgeson (MEC Curriculum Coordinator) and Rachel Grimes (Outreach Coordinator). MEC Branding Campaign After working with a public relations/marketing firm, decisions were made to adopt a new MEC logo and new website design. An on-line survey was conducted on behalf of the MEC Branding Campaign from July 18-30, 2012. A total of 756 individuals were invited to participate; everyone in the 2012 SME Blue Book, SME staff and educators in the Mii database who had purchased materials in the past three years. There were 178 completed surveys for a 24% response rate. Based on the results of the survey, MEC staff and in-house SME staff designed, our “Mining Mountain” logo which was adopted by the MEC Committee.

With the identification of the logo, additional collateral materials have been produced. They include a tri-fold brochure, mini-calculator giveaway, and posters and banners for displays at public outreach events and professional conferences.

The MEC website, www.MineralsEducationCoalition.org is now on-line. MEC staff is working with our web-developer to have the site fully operational in February 2013. K-12 Curriculum Projects SMART Board Lessons Three lessons using SMART technologies: copper, lead and halite were developed and posted on the MEC’s website. They were reviewed by teachers and industry experts for instructional and content accuracy.

Activity Pages Inquiry-based review and response pages have been developed and posted on MEC’s website. Motivational items for middle school students (i.e., cell phones, televisions, bicycles and soccer equipment) are used to teach about the minerals required to produce each item. Updates to Current Content The 2012 “Minerals Baby” and “Annual Usage” fact sheets were posted on the MEC website. Other Mineral Information Institute pages have also been updated and/or reformatted to now reflect the MEC. Staff has started to sort out lessons and activities in the Mii portfolio so that

they will be easily accessed by teachers according to their needs by grade spans K-2, 3-5, 6-8 and 9-12. Materials that are no longer accurate will be discarded. Copper in our Electrical World (Video) MEC has partnered with the Edison Tech Center to produce a video about the critical need for copper in our electrical world. The video will cover aspects of locating, extracting, processing, transporting and using copper in manufacturing products related to electricity, particularly copper’s conductivity properties from light bulbs to high tech needs. The audience for the video will be high school students and the general public. Pending the success of the copper video, plans include extending to additional videos featuring other minerals involved in electrical products.

MEC Outreach Projects

Outreach Communications Monthly updates and feature items about the MEC have been included in Mining Engineering magazine monthly as well as several SME’s eNews blasts sent to members electronically. Boy Scouts of America 2013 Jamboree Staff is coordinating all requirements and activities for SME’s participation at the Boy Scouts of America July 2013 Jamboree to be held at The Summit in West Virginia in recognition of the development of a Mining-related Merit Badge. This includes recruiting volunteers, determining appropriate activities and displays, and promoting raising funds. It is anticipated that approximately 50,000 Scouts, their leaders and others interested in scouting will be in attendance. 2012 National Science Teacher Association (NSTA) Area Conferences Each year, the Minerals Education Coalition (MEC) participates at three National Science Teachers Association (NSTA) Area Conferences to provide K-12 teachers, science coordinators, school administrators and informal science educators with credible and comprehensive materials about minerals and why mining is important to our lives and lifestyle. The dates, locations and chair/co-chairs of the regional conferences were:

• October 18-20, 2012 - Louisville, KY – Dale Elifrits • November 1-3, 2012 - Atlanta, GA – Mike Garska, Bob J. Pruett, Tom Hilderbrand, Pat

Macy • December 6-8, 2012 - Phoenix, AZ – Dave Scriven, Pam Wilkinson

2012 National Science Teachers Association Area Conferences Location # Attended # MEC

Reached # Rock Sample Kits Distributed

# States MEC

Reached

% Elementary School

Teachers

% Middle School

Teachers

% High School

Teachers

% Other Educators

Louisville, KY 1,500 465+ 486 26+DC+PR 8% 52% 40% n/a Atlanta, GA 3,000 1,047+ 1,116 27 56% 25% 17% 2% Phoenix, AZ 2,300 466+ 300 39 22% 49% 27% 2%

Three Conferences’ Averages 29% 42% 28% 2%

Staff Participation at Other Conferences and Events MEC staff attended or participated in: SME Annual Meeting in Seattle, WA in February 2012 Jefferson County Gem & Mineral Show in February 2012 Colorado Mining Association’s National Western Mining Conference in Denver in March

2012 Presentation for Denver Mining Club in June 2012 Monthly meetings of the SME Colorado Section’s MEC Committee Cripple Creek & Victor Gold Mine tour in August 2012 Climax Mine re-opening celebration in August 2012 Phoenix Gold Mine tour in August 2012 Denver Gem and Mineral Show in September 2012 MINExpo in Las Vegas, NV in September 2012 SME Mid-Year Meeting in Las Vegas, NV in September 2012 Colorado Association of Science Teachers Conference in November 2012 Northwest Mining Association Conference in Spokane, WA in December 2012

MEC On-line Store MEC offers low-cost materials to supplement classroom instruction and for public awareness and community outreach on its website’s on-line store.

SHOP AT THE MEC STORE

Mining and Metallurgical Society of

America P.O. Box 810 Boulder CO 80306-0810

Phone: 303-444-6032 Web site: www.mmsa.net Email: contactMMSA@mmsa.net

 

MMSA Government Action Committee 

2012 Activity Summary 

The MMSA Government Action Committee became active during 2012, with Ann Carpenter willing to 

take Chair.  Members of the committee include Leigh Freeman, Cy Jamison, Paul Jones, Mark Jorgensen, 

and Rick Deery (advisor). The Committee held four meetings by phone and one meeting in person during 

2012.  

Mission Statement 

"To advance the general welfare of the mining industry and its critical role in the country by being the 

voice of reason, knowledge, experience and science‐based information that contributes to sound 

policies and regulations for a strong domestic mining industry." 

Goals 

The primary goal of the committee is to communicate the importance of the mining industry and 

provide information to Capitol Hill staff, the general public, and MMSA members about legislative and 

regulatory issues related to mining activities in the United States.  

Actions 

1. The Committee supported development of a Web site that would organize and present information 

about mining issues.  A web site was built by a contractor and can be seen at 

www.miningfactsmmsa.com.  MMSA also purchased domain names with extensions of .org and .net. 

Some information has been entered into the Web site. 

2. A plan for outreach to Capitol Hill staff has been drafted and will be implemented when the 

MiningFacts web site information is judged ready for public viewing. 

3. A decision was made to initially focus on three main issues:  Workforce, Sage Grouse, and CERCLA. 

The committee will be soliciting guest writers for articles on the issues. Other important issues can be 

added as necessary, such as wilderness issues that affect mining. 

4. Set up social media. A Facebook page has been created and pages will also be created on Twitter and 

Linked In. 

Plans for 2013. 

1. Continue to add information to the Web page, particularly on the initial three main issue areas. 

2. Begin outreach activities to identify Hill staff. 

3. Continue to develop alliances with other organizations such as Northwest Mining Association, 

National Mining Association, SME, Women’s Mining Coalition, and others as identified. 

4. Set up editorial committees to review information added to the Web site 

 

Following is a snapshot of the main page of the new Web site: www.miningfactsmmsa.com.