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M-13.1 - Mining Act
Section 232.7
Disposition versions
232.7. The Minister may increase the amount of the guarantee where he considers that it is no longer sufficient or reduce it to make it consistent with the foreseeable costs of carrying out the rehabilitation and restoration plan.
Every person referred to in section 232.1 whose amount of guarantee has been increased must furnish any additional guarantee required pursuant to the revision, within the time fixed by the Minister.
The Minister may also require the payment of the total guarantee if, in the Minister’s opinion, the financial situation of the person described in section 232.1 or a reduction in the anticipated duration of the person’s activities may prevent the payment of all or part of the guarantee.
232.7. The Minister may increase the amount of the guarantee where he considers that it is no longer sufficient or reduce it to make it consistent with the foreseeable costs of carrying out the rehabilitation and restoration plan.
Every person referred to in section 232.1 whose amount of guarantee has been increased must furnish any additional guarantee required pursuant to the revision, within the time fixed by the Minister.
