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By H. H. Wang

Construction safety documents regulate significant safety actions and requirements by which construction workers or employees should abide in order to secure them from occupational hazard events. Therefore, facilitating faster identification of applicable safety requirements from the documents has become an important topic in the construction safety domain. To address the need in this regard, tools and techniques have been developed and research efforts have been made. One of the research efforts is to utilize ontology, a knowledge representation and reasoning approach, as the methodology to achieve the goal of identifying applicable safety requirements. In such ontology-based researches, the development and construction of the safety concept ontology is an essential task as the concepts and the relationships between the concepts both representing key safety knowledge need to be carefully identified. In this paper, the author focuses on the safety documents without predefined concept structure and aims to address the concept and relationship identification difficulties. Specifically, the author leverages the Formal Concept Analysis (FCA) methodology, a theory of data analysis that identifies conceptual structures among data sets, to mine and analyze the documents in order to discover safety concept structure and to further assist the development of the concept ontology for the construction safety documents. The author expects the application of FCA to construction safety domain can eventually benefit the ontology-based approaches for identification of applicable safety requirements.

Aug 1, 2013

By The Staff

The San Anconio mine, owned by San Antonio Gold Mines, Limited, is located on the north shore of Rice lake, thirty miles east of lake Winnipeg, and about one hundred miles northeast of the city of Winnipeg. The three claims which formed the original San Antonio group were staked in 1911. Subsequent additions to the Company's property have in-creased their holdings co thirteen claims. Preliminary development of the property took place between 1925 and 1930. The major ore discovery during this period was the 16 vein. The mine was closed in September, 1930, but re-opened in April, 1932, since which rime it has been in continuous operation. In 1933, a development of special importance was that of the 26 vein. The mill capacity, originally designed for 150 tons, was increased to-wards the end of 1933 to 170 tons. With highly satisfactory mine development, mill enlargement to approximately 300 tons was made possible. The Company has financed the additions and improvements from mine production. Iris of interest to note that San Antonio is the first gold mine in Manitoba to pay a dividend. The first dividend was paid to the shareholders in March, 1934, and the fourth was recently declared. Electric power is transmitted to the property from the Great Falls plant of the Manitoba Power Company over a 66,000-volt transmission line approximately 62 miles long. The old camps, which had been in use since work on the property was started, in 1927, were demolished in the spring of 1934, and new camps were built on the Ross dam. Lumber for these buildings was out at the Company's saw-mill on Gold creek, eight miles from the mine. Two bunk-houses with a capacity of 72 men each were constructed, also a dining room co accommodate 144 men, a store, staff house, hospital, burcher shop, and warehouse. The camp buildings are all steam-heated from an electric boiler. They are all insulated on walls, roofs, and floors with a heavy building board, and are covered on the outside walls with asbestos siding, and on the roofs with corrugated iron. A community of about 800 persons has grown up around the mine, at Bissert. Attention has been given co their social interests, and the management of the mine has assisted its employees co build a community hall, which is used for dances, picture shows, and other entertainments and amusements. A two-room school, with an attendance of 50 pupils, is supported by Company employees. In addition, picnics, boxing contests, and hockey games are encouraged among the employees.

Jan 1, 1936

By Anton Gronningsater

AT the present time we hear a great deal about organization of labour, collective bargaining, workmen's councils, and company unions; about C.1.0. with its principle of vertical unions and A.F.L., largely based on craft unions; and about provincial and federal laws for protection of labour's right to collective bargaining. What we perhaps hear too little about is corresponding organization of the employers, although it recently is mentioned more frequently. I will only mention W. H. Davis, Chairman of the United States War Labour Board, who has had and is having plenty of experience in this field and has also studied labour conditions in Europe-in Sweden for instance. He has repeatedly expressed the opinion that where employer-employee problems are involved, a thing badly needed in America is organization of employers as well as employees to get some order in the present chaos. With this I agree. I believe a strong organization on one side necessitates a correspondingly strong organization on the other side; that has at least been the experience in the industrialized countries in Europe. I happen to be fairly familiar with conditions in Norway, where they have struggled with these problems for fifty years, and a talk on the history, development, and present state of employer-employee relations in that country might perhaps be of interest as giving a general picture of the development of such relations in the northwestern European countries as a whole. The talk was originally given to the Fourth Year students in Mining and Metallurgy at the University of Toronto. I have changed it somewhat to fit a different audience, but I hope you will make allowances if you now and then are reminded of the school auditorium. I will try to be as objective and factual as possible, but it is probably unavoidable that some of what is said is coloured by personal opinion.

Jan 1, 1943

By E. E. Mason

THE Myrtle group of mining claims is situated on Barkerville mountain in the Cariboo mining district of British Columbia, west of the old mining town of Barkerville. An 1,800-foot adit, known as the Shamrock tunnel, was driven in 1935-36 from the Barkerville road and in the general direction of the Myrtle group. It was proposed to enlarge this adit to more convenient section, extend it 2,500 feet int0 Myrtle ground, and from there drive a main entry 3,000 feet along the length of the group. Several laterals were also to be driven off this main entry as part of the tunnel schedule. It was thus originally proposed to drive 5,500 feet of new adit and 1,800 feet of laterals, a total of 7,300 feet of new work. Work was commenced with a bulldozer on April 21st, 1941, cutting a bench on the hillside for a plant site. The power plant was ready for operation on August 8th. Slashing and re-timbering of the old adit rook longer than was expected. It was found that 57 per cent of the length required timbering, chiefly by fore-poling, and there was also trouble in several sections with swelling ground. First round in the new face was taken on September 17th, when a 2-shift daily schedule was commenced. Due to delays in delivery of electrical equipment, it was not possible to add the third shift until November 14th. From then on, a 3-shift daily schedule was maintained with the exception of holidays and fortnightly change Sundays until August 1st, 1942, when shortage of labour caused the dropping of a shift. All work was suspended on August 14th. The ground through which the tunnel passed was such that the driving was often interrupted by the need of protective timber at the face. Further, crews were continuously employed timbering behind the face, and in maintenance of timbered sections in swelling ground. Roughly 980 feet of the new workings are now timbered, about 21 per cent of the total.

Jan 1, 1942

By T. Y. Chong, J. A. Folinsbee

Since milling began in 1909, the PJV Dome mill has been expanded several times, to the current throughput of 11,500 tonnes per day. PJV recovers free gold using crushing and grinding followed by gravity concentration. The remaining gold in the gravity tails is recovered by cyanide leaching followed by Carbon-In -Pulp processing. Prior to 1993, cyanide tailings were impounded in the tailings pond where cyanide was allowed to degrade naturally. Effluent was discharged seasonally during the summer and early autumn to maintain the water balance. In 1993, an Effluent Treatment Plant (ETP) was designed and constructed for the purpose of removing dissolved metals and suspended solids. In 1997, an INCO SO2/Air cyanide destruction process was added to the ETP. Even though the ETP was successful in meeting the cyanide, metals and total suspended solids (TSS) discharge limits, often the treated effluent failed to pass toxicity tests. Following successful laboratory and plant scale testing, the addition of the chelant EDTA (ethylene diamine-tetra-acetic-acid) was commenced in the 1999 operating season. To date, discharged effluent has passed all toxicity tests. This paper describes the evolution of the ETP from its early conception to the various phases of upgrade needed to meet the MISA discharge limits.

Jan 1, 2005

By D. J. MacKinnon, Kazi E. Haque

Ammonia present in a variety of mine/mill waste waters was almost completely oxidized to nitrogen by chloride mediated electro-oxidation. A closed circuit operation of preconcentration of ammonia on a suitable adsorbent (e.g. zeolite or a resin) followed by brine stripping of ammonia and electrolysis of the strip liquor seems to have sound technical, economic and environmental merits. The removal of ammonia, cyanide, cyanate or thiocyanate from a mine/mill waste water (e.g. gold mill), either individually or collectively, is also feasible by chloride mediated electro-oxidation technique. Further R&D investigations are necessary for the development of a closed circuit operation for the removal of ammonia, cyanide and thiocyanate; and also to obtain technical data for process cost estimates

Jan 1, 1996

By D. J. Zuliani

A mass and energy balance for a modern electric arc furnace ("EAF") indicates that about 70% of the process energy losses are contained in the off-gas as chemical energy in the form of uncombusted CO and H2 and as thermal energy. Given the magnitude of the off-gas energy losses, improved EAF energy efficiency needs to focus first on controlling furnace practice to maximize "in-EAF" energy utilization and second, on recovering residual energy in the off-gas existing in the fume system. This paper focuses on the application of off-gas analyzers, sensors and process models to control and optimize "in-EAF" energy utilization efficiency. The paper will also discuss the application of heat recovery technology to EAF steelmaking.

Jan 1, 2015

By G. S. Hume

In the transformation of carbonaceous materials, such as peat, to coals of various grades, the changes are known to be both physical and chemical and the grade of coal finally produced depends on the stage to which alteration proceeded. Those changes, which are frequently spoken of as the results of metamorphism, are due to pressure with accompanying heat and, according to the amount of metamorphism to which the sediments with the included carbonaceous beds have been subjected, there is a gradation from peat to anthracite coal, and even to graphite. The improvement in the quality of the coal as a result of metamorphism is due to an increase of the carbon content of the coal and a corresponding loss of the volatile materials. This rise in the quality of the coal according to the degree of metamorphism is well illustrated by the coals of western Canada. In the Plains area, where the deformation and the attendant metamorphism of the sediments is comparatively small, the coals are lignites, whereas in the mountains, where deformation has been severe, the coals are semi-anthracites. Sub-bituminous and bituminous coals occur in the intervening areas. The same general relationship between the quality of the coal and the degree of metamorphism holds true for the Appalachian basin of the United States, where there is a progressive improvement in the quality of the coals from west to east, that is, from an area of comparatively slight metamorphism to an area of marked deformation in the Appalachian Mountain region. But while it is true that this relationship holds in a general way, it has been found that the improvement in the quality of the coal is not always uniformly progressive, and there may be local variations such that an area containing coal with a carbon content indicating low or medium metamorphism may be surrounded by areas in which the coals are of higher grade. These local variations in many cases can be explained, and they in no way detract from the general rule that, in a region exhibiting a progressive betterment in the quality of the coal from an area of low metamorphism to one of more marked deformation, the quality of the coal, i.e., the amount of fixed carbon in the coal, may be taken as an index of the degree of metamorphism of the coal as well as of the sediments in which it occurs, It has been pointed out (') that certain coals, such as cannels, are unreliable indicators of the varying degree of metamorphism because of the nature of the material from which such coal was derived. Such coals, however, are not known in western Canada and their behaviour need not here be discussed.

Jan 1, 1927

?Founded in 1969 by the Ruia family ?Diversified global business corporation with a balanced portfolio of assets in the manufacturing and service sectors; $15 Billion revenue in FY 2009-2010 ?Employs 70,000 people worldwide with offices in Asia, Africa, Europe and North America

May 1, 2011

By C. Horstmann, D. Andreo, G. Barthold

"The concept of large single line grinding circuits provides a valid answer in project feasibility studies by reducing capital investment requirements compared to parallel lines for the same plant throughput rates. The benefits of this concept are reflected as well on the operational aspects, in terms of higher and greater process stability, and reduced operational costs mainly due to the associated lower maintenance expenditures. However, concerns exist in the minerals industry on whether large single line grinding could reduce the overall concentrator plant availability. The mechanical design and integrity, the mill and gearless mill drive integration, as well as assets management aspects of this type of equipment are the key to guarantee successful availability records. Together with an overview of the added value provided by large single line grinding circuits, this paper focuses on risk mitigation strategies during mill and gearless mill drive integration, as well as on the design of the equipment itself, for the key aspects which could put at risk the operations availability.INTRODUCTIONDespite a large long term demand for commodities, the mining industry has never faced complex challenges as it is doing today. Decreasing high-quality and accessible deposits, declining ore grades in existing mines, shortages of electrical energy (e.g. in Chile) and an aging workforce are the most significant among the megatrends affecting our industry. In addition to this, flat underlying commodity prices and high price volatility are currently posing strong requirements to miners when entering into the process of approving investments.Nowadays to get projects financially approved (optimizations, expansions, new plants), capital expenditure has to be reduced, as observed up to 30% compared to the last decade, and at the same time the plant design has to be such to demonstrate that operating costs will also be significantly lower than in the past.When it comes to the concentrator plant, the concept of large single line grinding circuits provides a valid answer in project feasibility studies by significantly reducing the capital investment requirements compared to parallel lines for the same plant throughput rates. The benefits of this concept are reflected as well on the operational costs, in terms of higher and greater process stability and reduced maintenance expenditures."

Jan 1, 2016

By J. J. Fitzpatrick

"This paper deals with the methods used by Quebec Cartier Mining Company in the evaluation and selection of new haulage equipment and in increasing the productivity of the existing fleet.Selection of new equipment is based upon the comparison, for each model under consideration, of the capital investment required and the estimated operating costs and production rate. The calculation of the production rate is based on a widely used estimating procedure. Actual operating conditions considered in the method include: payload, haul distance, road grade, rolling resistance, loading and dumping times, and operational efficiency. A digital computer is used to handle the large volume of repetitive calculations required. Where a fleet of haulage equipment includes trucks of different size and performance characteristics, the problem exists of assigning each truck type to the different working locations to minimize total cost. Linear programming can be used in the solution of this problem."

Jan 1, 1967

By Daniel J. Schulze

Abstract-Eclogite is an important source of diamond in the upper mantle, but is more localized than peridotite. Using eclogitic minerals in kimberlite and diamond exploration is also more problematic than using the well-known peridotite-derived indicator minerals Cr-pyrope and magnesiochromite. The problems include color similarities between orange garnets from eclogites, Cr-poor megacrysts, and crustal garnets, chemical similarities with Cr-poor megacryst suite garnets (specifically elevated Na2O contents), and low abundance of eclogite garnet xenocrysts in most known kimberlites. Chemical screens must be used carefully to distinguish between varieties of orange garnets in exploration samples. For example, most orange garnets of crustal origin have >22 wt% FeO, with mantle eclogite garnets having lower values. Na2O-bearing garnets from the Cr-poor megacryst suite can be distinguished from Na2O-bearing garnets from diamondiferous eclogites by the elevated TiO2 contents of the former. The low abundance of eclogite garnet xenocrysts in kimberlites worldwide, however, may dictate that use of eclogite garnets in diamond exploration in most cases be restricted to advanced stages of kimberlite exploration and evaluation of kimberlite diamond potential. Crpyropes, Mg-ilmenites and Cr-rich chromites are more useful than eclogitic garnets in most stages of diamond exploration. If orange garnet xenocrysts are sought in a kimberlite exploration program, those from the Cr-poor megacryst suite will be more useful than eclogite derived garnets, due to the typical great abundance of the former, although they carry no information of the diamond potential of the host kimberlite.

Jan 1, 1997

By Daniel J. Schulze

Eclogite is an important source of diamond in the upper mantle, but is more localized than peridotite. Using eclogitic minerals in kimberlite and diamond exploration is also more problematic than using the well-known peridotite-derived indicator minerals Cr-pyrope and magnesio-chromite. The problems include color similarities between orange garnets from eclogites, Cr-poor megacrysts, and crustal garnets, chemical similarities with Cr-poor megacryst suite garnets (speci?cally elevated Na2O contents), and low abundance of eclogite garnet xenocrysts in most known kimberlites. Chemical screens must be used carefully to distinguish between varieties of orange garnetsin exploration samples. For example, most orange garnets of crustal origin have >22 wt% FeO, with mantle eclogite garnets having lower values. Na2O-bearing garnets from the Cr-poor megacryst suite can be distinguished from Na2O-bearing garnets from diamondiferous eclogites by the elevated TiO2contents of the former. The low abundance of eclogite garnet xenocrysts in kimberlites worldwide, however, may dictate that use of eclogite garnets in diamond exploration in most cases be restricted to advanced stages of kimberlite exploration and evaluation of kimberlite diamond potential. Cr-pyropes, Mg-ilmenites and Cr-rich chromites are more useful than eclogitic garnets in most stages of diamond exploration. If orange garnet xenocrysts are sought in a kimberlite exploration program, those from the Cr-poor megacryst suite will be more useful than eclogite derived garnets, due to the typical great abundance of the former, although they carry no information of the diamond potential of the host kimberlite.

Jan 1, 1997

By Luc Harnois, Gabriel Voicu, Marc Bardoux, Robert Crépeau

"Abstract-Detailed petrographical and geochemical studies have been carried out on the igneous and sedimentary rocks in the Omai area, part of the Paleoproterozoic Barama-Mazaruni greenstone belt, Guyana. The stratigraphic succession at Omai begins with basalts, associated with mafic-ultramafic intrusives and poorly-sorted conglomerates; these are overlain by andesites and quartzfeldspar porphyries, with pelites and tuffaceous sediments at the top. The volcanic-sedimentary succession was intruded by a quartz-monzodioritic stock (Omai stock) and granophyric rhyolite dikes. Several generations of mafic dikes were intruded discontinuously from the Mesoproterozoic to the Permo-Triassic. Volcanic rocks range in composition from subalkaline basalt to high-silica rhyolites, with a gap between 60% to 70% SiO2, which suggests the suite is bimodal. Major, trace, and rare earth element criteria were used to subdivide the rocks into tholeiitic and calc-alkaline types. The tholeiitic rocks are characterized by flat to moderately sloping chondrite-normalized REE patterns. On the basis of immobile trace-element ratios, the tholeiitic mafic rocks from Omai have characteristics of immature intra-oceanic island arcs, or of E-MORB basalts affected by a strong arc signature, as is commonly reported for back-arc basin basalts. The andesites, quartz-feldspar porphyries, rhyolites and quartz monzodioritic stock are calc-alkaline, with strongly sloping REE patterns, enrichments in the large-ion lithophile elements, and depletions in the heavy REE and high-field-strength elements, features which are typical of more mature island-arc settings.At Omai, two types of gold-bearing veins can be distinguished: vein sets (± stockworks) and tension veins, both post-dating the regional metamorphic peak at the level they were emplaced. The relationship between the gold mineralization and its host lithologies does not seem to be genetic. Rather, the emplacement of mineralization was strongly influenced by the rheological contrasts between the intrusive/subvolcanic bodies and the volcanic/sedimentary country rocks. These contrasts helped to focus the regional stress upon the more competent intrusive subvolcanic bodies, resulting in brittle fracturing, and therefore in greatly enhanced permeability to hydrothermal fluids. The Omai gold mineralization can be classified as late tectonic, with its emplacement controlled by the last brittle to brittle-ductile stages of the Trans-Amazonian orogeny."

Jan 1, 1997

By C. R. Larsen, R. G. Bradburn, A. L. Mular, B. C. Flintoff

"Following the acquisition of grinding- circuit data at Brenda Mines Limited for simulation purposes, various methods to mass balance the circuit were evaluated. Unfortunately, different answers were obtained for different balancing methods. A data-adjustment procedure was therefore developed. The procedure assumes that all ""best-fit"" criterion. A search is conducted with the minimum set of water masses and narrow size ranges of solids around the circuit (called search variables), which permit the computation of any of the measured data points. Search variables are used to calculate measured values for an objective function of the form: [ ] where W, is a weighting factor•, M1 is a measured value and M. is a corresponding . value calculated from search vanables. The best values of M, are those which minimize R. The above method is compared with others that have been utilized for mass balancing circuits."

Jan 1, 1976

By Gabriel Voicu, Harnois Luc, Marc Bardoux, Robert Crépeau

"Detailed petrographical and geochemical studies have been carried out on the igneous and sedimentary rocks in the Omai area, part of the Paleoproterozoic Barama-Mazaruni greenstonebelt, Guyana. The stratigraphic succession at Omai begins with basalts, associated with ma?c-ultrama?c intrusives and poorly-sorted conglomerates; these are overlain by andesites and quartz-feldspar porphyries, with pelites and tuffaceous sediments at the top. The volcanic-sedimentary succession was intruded by a quartz-monzodioritic stock (Omai stock) and granophyric rhyolitedikes. Several generations of ma?c dikes were intruded discontinuously from the Mesoproterozoicto the Permo-Triassic. Volcanic rocks range in composition from subalkaline basalt to high-silicarhyolites, with a gap between 60% to 70% SiO2, which suggests the suite is bimodal. Major, trace, and rare earth element criteria were used to subdivide the rocks into tholeiitic and calc-alkaline types. The tholeiitic rocks are characterized by ?at to moderately sloping chondrite-normalized REE patterns. On the basis of immobile trace-element ratios, the tholeiitic ma?c rocks from Omai have characteristics of immature intra-oceanic island arcs, or of E-MORB basalts affected by a strong arcsignature, as is commonly reported for back-arc basin basalts. The andesites, quartz-feldspar porphyries, rhyolites and quartz monzodioritic stock are calc-alkaline, with strongly sloping REE pat-terns, enrichments in the large-ion lithophile elements, and depletions in the heavy REE and high-?eld-strength elements, features which are typical of more mature island-arc settings.At Omai, two types of gold-bearing veins can be distinguished: vein sets (± stockworks) and tension veins, both post-dating the regional metamorphic peak at the level they were emplaced. The relationship between the gold mineralization and its host lithologies does not seem to be genetic. Rather, the emplacement of mineralization was strongly in?uenced by the rheological contrasts between the intrusive/subvolcanic bodies and the volcanic/sedimentary country rocks. These con-trasts helped to focus the regional stress upon the more competent intrusive subvolcanic bodies,resulting in brittle fracturing, and therefore in greatly enhanced permeability to hydrothermal ?uids.The Omai gold mineralization can be classi?ed as late tectonic, with its emplacement controlled by the last brittle to brittle-ductile stages of the Trans-Amazonian orogeny."

Jan 1, 1997

By B. Voyzelle

The deterioration of highway and bridge infrastructure has received considerable attention in recent years because of the billions of dollars needed for repair and rehabilitation. A major factor contributing to this problem is the corrosion of steel reinforcement. Reinforcing steels with good corrosion resistance and relatively low price are therefore essential for maintenance, cost reduction and service-life extension of the steel-reinforced structures. This article describes the development of low-alloying steels that offers good corrosion resistance with reasonably low cost. Topics include steel microstructures, mechanical properties, corrosion performance, industrial applications and economic aspects.

Jan 1, 2005

By W. E. Davies

"This paper is the sequel to that on Developments in Sintering Efficiency delivered by Davies and Mitchell at the International Ore Dressing Congress, Stockholm, 1957. Attention is drawn to the fundamental concept of sintering as a heat transfer process, in which the ignition heat is continually transferred onward through the bed as a heat wave. By its passage, this heat initiates endothermic 'changes, such as carbonate decomposition, whose energy requirements are supplied by the combustion of the fuel contained in the bed.Ideally, the heat wave should be generated by the ignition hood followed by the pre-heating of the incoming air. The fuel content of the bed should be no more than the theoretical quantity needed to balance the endothermic changes. In practice, the heat wave is seriously short of energy and this is offset by excess fuel in the bed. As a result, sinter quality suffers, more return .fines are produced, and fuel is wasted, a loss of efficiency which could be avoided if the fundamentals of correct ignition were more widely appreciated.Sintering speed, otherwise heat wave velocity, is a function of the rate at which the incoming air acquires .heat from the cooling sinter and imparts it to the unburned feed below the combustion zone. It is thus a function of rate of air flow and so depends on bed permeability>. Ways of• improving and maintaining permeability at the maximum consistent with thorough sintering are discussed, particular reference being made to taconite concentrates. The possibilities of recrystallizing refractory ores into forms more amenable to physical concentration techniques by sintering are visualised, very little expenditure on heat energy being required when the process is operated near the ideal conditions."

Jan 1, 1960

By R. M. S. Häggblad

The article deals with stabilisation and regeneration of Ce02 and Ce02/Zr02 based Pt water gas shift catalysts, subject to high initial deactivation. The reaction gas species effect on the catalyst deactivation was investigated by H2-TPR. Activity measurements enabled the effect of different promoters, some added to the Ce02 based catalysts and some to the Ce02/Zr02 based Pt catalysts, to be investigated. The catalysts were also characterised by BET and CO-TPR. Deactivated catalysts activity was restored by using various regeneration methods. Of the two selected carriers the Ce02/Zr02 based Pt catalyst showed the highest resilience to deactivation. For the two different carriers, Ce02 and Ce02/Zr02, Wand Re were the best promoters when the catalyst was subject to deactivation. Experiments with Hr TPR indicate a fast initial change in the platinum oxides concentration and composition. The CO-TPR was used to make conclusions about the various regeneration effects of water and oxygen on the catalyst. Finally it is suggested that not one deactivation mechanism is possible and which mechanism that dominates is dependant on the catalyst and the reaction gas composition.

Jan 1, 2005

By Robert B. Parsons

"New tax rules that can apply to the repayment, extinguishment, or other settlement of a company's debt are finally taking shape. These new rules are far-reaching in their application, and can affect mining companies in a serious, negative way.IntroductionIn his February 1994 budget, Finance Minister Paul Martin announced changes to the Income Tax Act that could have an adverse impact on a company that restructures its debt. Since then, the new rules have undergone considerable transformation during their fetal stage: draft legislation was introduced in July 1994; revised draft legislation was introduced December 1994; and a third version of draft legislation was introduced February 1995. It seems that the new rules have now been pretty well finalized, and they contain some serious traps that the unwary could fall into. The new rules are of particular importance to mining companies, because a mining company's resource pools will be caught under the new rules, whereas these pools escaped the wrath of the old rules. The following commentary summarizes the new rules that are generally referred to as the ""debt forgiveness"" rules."

Jan 1, 1995