M-13.1, r. 2 - Mining Regulation

Section 113 Disposition versions

2013-08-22

113. The person referred to in any of subparagraphs 2 to 4 of the first paragraph of section 232.1 of the Act must provide the Minister with the guarantee determined under section 232.4 of the Act in accordance with the following rules:

(1)  the guarantee must be submitted in 3 payments;

(2)  the first payment must be made within 90 days following receipt of approval of the plan;

(3)  each subsequent payment must be made on the anniversary date of approval of the plan;

(4)  the first payment represents 50% of the total amount of the guarantee and the second and third payments, 25% each.

O.C. 838-2013, s. 2.

2012-09-01

113. Taking into account, where applicable, any amount already paid pursuant to the first paragraph of section 232.5 of the Act, a person referred to in subparagraphs 2 to 4 of the first paragraph of section 232.1 of the Act shall submit to the Minister, in accordance with the rules set forth in the following table and paragraphs, the guarantee determined under section 111:

TABLE OF ANNUAL PAYMENTS PER $1 OF GUARANTEE DETERMINED UNDER SECTION 111

Expected                                Payments
duration
of
activities



          1     2    3    4    5    6    7    8    9    10   11   12   13   14   15
1         1.0  
2         1.0   -
3          .250 .750 -
4          .111 .333 .556 -
5          .063 .187 .313 .437 -
6         -     .063 .187 .313 .437 -
7         -     .040 .120 .200 .280 .360 -
8         -     .028 .083 .139 .194 .250 .306 -
9         -     .020 .061 .102 .143 .184 .225 .265 -
10        -     -    .020 .061 .102 .143 .184 .225 .265 -
11        -     -    .016 .047 .078 .109 .141 .172 .203 .234 -
12        -     -    .012 .037 .062 .086 .111 .136 .161 .185 .210 -
13        -     -    .010 .030 .050 .070 .090 .110 .130 .150 .170 .190 -
14        -     -    -    .010 .030 .050 .070 .090 .110 .130 .150 .170 .190 -
15        -     -    -    .008 .025 .041 .058 .074 .091 .107 .124 .141 .157 .174 -

    

(1)  for the purposes of the table, the expected duration of activities corresponds to the shorter of the following: the expected duration of the activities, determined from the approval or revision of the plan and rounded off to the nearest whole number, or 15 years, calculated from the approval or revision of the plan;

(2)  where applicable, the first payment of the guarantee is required within 15 days following approval of the plan, and the subsequent payments are required on the anniversary dates of the plan;

(3)  (paragraph revoked);

(4)  (paragraph revoked).

O.C. 1042-2000, s. 113; O.C. 150-2006, s. 2.