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By B. Simser, V. Falmagne

"Noranda’s Brunswick mine is a 10 000 t/d producer of lead-zinc-copper-silver ore that has been in operation since 1964. Mining of this multiple lens deposit is primarily by blasthole stoping techniques between 400 m and 1200 m below surface. The combination of a high overall extraction ratio, an overall steeply dipping tabular shape, and high horizontal stresses (twice the vertical) have elevated the induced stress regime to levels comparable to much deeper operations. Improved mine design, and a better understanding of how the rock mass responds to mining in high-stress environments is essential to improve overall recoveries and maintain safety. Seismic monitoring has proven to be an essential tool at Brunswick, for both short-term safety of workers, and long-term strategic planning.Practical case studies illustrate how seismic data, particularly source parameter information, can be used to measure the rockmass response to mining and improve mining layouts in difficult regions. As the global trend continues toward mining in deeper, higher stress environments (e.g., South African Witswatersrand Basin, Sudbury Basin) and as local extraction and thus ground stresses continue to increase in existing deposits, seismic monitoring will play a critical role in mining safely and economically."

Jan 1, 2004

By B. Simser

Noranda?s Brunswick mine is a 10 000 t/d producer of lead-zinc-copper-silver ore that has been in operation since 1964. Mining of this multiple lens deposit is primarily by blasthole stoping techniques between 400 m and 1200 m below surface. The combination of a high overall extraction ratio, an overall steeply dipping tabular shape, and high horizontal stresses (twice the vertical) have elevated the induced stress regime to levels comparable to much deeper operations. Improved mine design, and a better understanding of how the rock mass responds to mining in high-stress environments is essential to improve overall recoveries and maintain safety. Seismic monitoring has proven to be an essential tool at Brunswick, for both short-term safety of workers, and long-term strategic planning. Practical case studies illustrate how seismic data, particularly source parameter information, can be used to measure the rockmass response to mining and improve mining layouts in difficult regions. As the global trend continues toward mining in deeper, higher stress environments (e.g., South African Witswatersrand Basin, Sudbury Basin) and as local extraction and thus ground stresses continue to increase in existing deposits, seismic monitoring will play a critical role in mining safely and economically.

May 1, 2004

By B. K. Gorain, A. W. Stradling

"The traditional metallurgical scale-up techniques for flotation plants are based on lumped flotation rate constants, dimensionless hydrodynamic numbers and the use of safety factors. Once the plant has been designed, the flotation principles that govern scale-up play almost no role in the optimization of the circuit to meet its metallurgical targets. This deficiency can potentially lead to a plant design incapable of meeting its targets, especially when circuits incorporate large flotation cells. This paper demonstrates the application of the k = PSbRf model in providing a suitable framework for flotation modelling, scale-up and circuit optimization, thus presenting an integrated approach to the problem. Studies were conducted at Teck Cominco’s Red Dog concentrator to characterize cell hydrodynamics, gas dispersion properties, froth flow behaviour, entrainment and ore floatability to obtain the key data necessary to develop a model for the flotation circuit. The findings of these studies are presented in this paper, which provide valuable insights into the modelling and optimization of the Red Dog flotation circuit. IntroductionThe traditional methodology for flotation scale-up and plant design is based on the ruleof- thumb with safety factors and dimensionless hydrodynamic group similitude considerations. With the recent trend toward larger flotation cells with volumes of 150 m3 and greater in concentrators, the problem of scale-up has become even more acute. The scale-up factors that may have been tolerated on smaller cells are not applicable to larger cells. The transportation of froth in these large cells adds further complexity to the problem. Arbiter et al. (1980) foresaw this problem and pointed out that if scale-up were attempted by rule-ofthumb and trial-and-error, the probability of failure would then increase with scale. This problem is confounded by the fact that the design and scale-up considerations used for a new flotation circuit play almost no role in optimization of the circuit to meet its metallurgical target. This results in a plant design, which may be incapable of meeting its metallurgical targets. There have been several instances where new concentrators have required significant circuit modifications and additional capacity to achieve design targets."

Jan 1, 2003

By H. P. Jacobi

"INTRODUCTIONPine Point Mines, operated by Cominco Ltd., is located approximately 65 miles east of Hay River, N.W.T. on the south shore of Great Slave Lake.The milling operation started in the fall of 1965 with a capacity of 5,000 tpd. An addition was put into operation late in 1968 to bring the nominal capacity up to 8,000 tpd. The present milling rate is 11,000 tpd.With a feed grade of approximately 2.9% Pb and 6.0% Zn the annual concentrate production amounts to roughly 130,000 SDT of lead concentrate and 370,000 SDT of zinc concentrate for a total of 1/2 million tons of product.This tonnage is moved by railroad. Pine Point is served by the Great Slave Lake Division (G.S.L.) of the Canadian National Railways which connects to the Northern Alberta Railway System (N.A.R.) at Roma Junction, at Peace River, Alberta. The system in turn connects to the CNR and the CPR in Edmonton, Alberta. From here the concentrates move inland chiefly to Trail, B.C., with some shipment to other Canadian and U.S. smelters, and to the port facilities of Pacific Coast Terminals at New Westminster, B.C. for offshore export.This paper will focus on the problems associated with the movement of lead and zinc concentrates from Pine Point to port facilities on the west coast."

Jan 1, 1975

By H. E. Urtubia, C. W. Bailey

"BHP-Billiton’s Minera Escondida Limitada is one of the world’s largest copper producers. It treats a combined 88 million tons of copper ore per year through its two concentrators: Los Colorados and Laguna Seca. Over the past three years, metallurgical sampling has been performed at the Laguna Seca concentrator to calibrate both the JKSimMet and JKSimFloat grinding and flotation simulators. In the past, the calibrated simulators have been used to predict the effect of changes in operating conditions in the grinding and flotation circuits separately. To assist in the development of future processing options, predictions were required of the effect of changing grinding circuit conditions on flotation performance. This was achieved by using an integrated grinding and flotation simulation. The grinding circuit performance was predicted under different operating conditions (such as tonnage rate and product grind size) using JKSimMet, and these results were then used in JKSimFloat to predict the flotation performance for the new grinding circuit product. This combination of the simulators allows both the effects of residence time and grind size on flotation performance to be investigated.This paper presents the first combined grinding and simulation modelling and simulation case study using JKSimMet and JKSimFloat. The modelling and simulation methodologies for the grinding and flotation circuits are discussed along with the circuit simulations that were performed. The simulator predictions are presented in conjunction with independent laboratory results of the new operating conditions. The ability to predict flotation circuit performance based on changes in grinding circuit performance is also discussed. This methodology provides improved predictions of flotation circuit performance when grinding circuit changes (including grinding capacity increases) are made.INTRODUCTIONOver the past decade, the grinding and flotation research groups at the Julius Krutschnitt Minerals Research Centre - JKMRC (Brisbane, Australia), University of Cape Town (Cape Town, South Africa) and McGill University (Montreal, Canada) have been developing a methodology for optimising grinding and flotation plants using actual plant data together with semi-empirical sub-process models. The project is being conducted as part of the Australian Minerals Industry Research Association (AMIRA) P9 Project, titled “The Optimisation of Mineral Processes by Modelling and Simulation”. The project first commenced in 1962 and is currently in its “Nth” phase."

Jan 1, 2007

By James Anstey

BHP Billiton?s Cannington facility is a mining and minerals processing plant near Mt. Isa in Central Queensland, Australia, producing silver, lead and zinc. Mine ore is processed in a concentrator, which consists of grinding, flotation, thickening and filtration. Grinding is carried out in a fully autogenous (AG) mill. The mill operates in closed circuit with a pebble crusher. Throughput is approximately 380 tph. Cyclone overflow from the grinding circuit is fed into a flotation circuit for the recovery of lead, zinc and silver. Two concentrates are produced (lead and zinc), which are then thickened and filtered. The filtered concentrate is transported by road to a rail receiving station. From here the concentrate is railed to port in Townsville for shipment to the smelter. Matrikon and Engineers at BHP Billiton?s Cannington Mine have used ProcessACT to develop a flexible, nonlinear dynamic simulator for the grinding circuit to further enhance process understanding, as well to investigate various optimization strategies. An online charge volume estimator was also developed for the AG mill to aid in the understanding of overload conditions, which for the previous two months had been the primary contributor to downtime. The models were developed using a combination of first-principles modeling along with input-output dynamic responses. Examples of models used include: Morrell ?C? model for power and charge shoulder/toe angle prediction; Whiten?s mixing model for breakage and hold-up; Nageswararao cyclone model for predicting cut size; slurry recovery and water recovery. The composite model simulates system dynamics starting from the stockpile reclaim system and finishing at the feed for the flotation process. The objective was to provide a tool that assisted Cannington in understanding their Grinding Circuit and allowed them to develop and evaluate circuit optimization strategies. BHP Billiton Cannington Mine is now considering development of a Grinding Circuit Optimizer utilizing the models developed for the simulator.

Apr 1, 2005

By L. M. Gould

"Syncrude Canada operates the largest oil sands crude oil production facility in the world and produces over 13% of Canada’s total oil requirements. To achieve this, Syncrude mines the oil sands in open pits, extracts the raw oil known as bitumen from the sand using water-based processes and upgrades it into sweet light crude oil by fluid coking, hydroprocessing, hydrotreating and reblending. The final product, Syncrude Sweet Blend (SSB), is sent by pipeline to three Edmonton area refineries and then to pipeline terminals which ship the SSB to refineries in Canada and the United States.As parts of the Mildred Lake base mine reached their economic life, they were replaced with new facilities at the Aurora Satellite mine. Aurora is situated on Oilsand Leases 10, 12 and 34, 35 km northeast of the Mildred Lake facility (Fig. 1).In 2000, the first hydrotransport low-energy extraction production train started up at Aurora. A second production train is scheduled for start-up in 2003. Open pit mining at Aurora occurs using two hydraulic shovels, two cable shovels, and trucks ranging from 320-ton to 380-ton payload capacities (Fig. 2).Once the oil sands is excavated, the trucks dump the ore into a crusher designed to break up the big lumps of oil sands and rock at peak rates of 11 000 t/hr. The ore is then transferred by conveyor to a surge pile and then to a mixing box which combines the oil sands with hot water. Following bitumen separation in the primary separation vessel, froth is delivered to Mildred Lake for processing via the intersite pipeline (Fig. 3).The goal of this paper is to illustrate how high precision shovel GPS (HPGPS) is being used at the Aurora mine to aid in mine planning. This can be accomplished by first describing the function of the mine planning department, describing the Aurora orebody, and finally explaining how the HPGPS system functions and how it is employed at Aurora.The short range mine planning department ensures a steady supply of ore is delivered to the plant at the desired grade in a sequenced and economical manner. This is done by creating a mine plan that consists of shovel dig locations that require the shovels to mine in a specified area at a specified elevation."

Jan 1, 2002

By David D. Davidson

Commodities remain hot for the time being, but for how much longer? The bulls point to global economic growth lead by China?s insatiable demand for raw materials. To further emphasis the bullish view they point to the emergence of India for follow through demand. The bears remain convinced China?s growth is unsustainable and with higher interest rates and high oil prices, the United States economy is poised to slow. Both groups can make a convincing argument and both will be proven right in the fullness of time. Profitability and balance sheet strength for the mining industry has rarely been better. Is this a time to be bold or cautious? In this paper, the author will address the dilemma facing today?s management as they pursue growth and try to minimize risk.

Apr 1, 2005

By Neil McMillan

"By any measure of common practice, Claude Resources' Seabee Gold Mine in Northern Saskatchewan should not now be operating. Not because reserves dwindled, or grade dropped or prices weakened or technical problems arose, but because a host of unimaginable other problems beset the project, any one of which would normally have led to the mine's failure.The success of the Seabee Mine, and it is extremely successful, is a story of the vision and blunt determination of two men. Neither is remarkable in his own right but each possesses the characteristics which were necessary to forge a highly productive and profitable narrow-vein mine in the midst of the most bizarre and unpredictable events which likely have ever beset a mine start-up in Canadian history.Together, Bill MacNeill, a Saskatchewan born, former bush pilot and Ray Gagnon, a big hearted, hard-fisted, miner with 44 years of experience in Canada's underground, built the Seabee Mine.They didn't accomplish this with brilliant geology, outstanding engineering or nimble corporate manouvering but rather a stubbornness and raw common sense which likely are all too often, ingredients missing in failed projects.The Seabee Mine is 100% owned by Claude Resources, a Saskatoon based company taken over by Bill MacNeill, its current chairman, in 1982. The company is listed on the TSE and produces 1200 barrels of oil per day and about 60,000 oz of gold per year. The company has a strong balance sheet, is very profitable and has 18 million shares outstanding.The Seabee property in Northern Saskatchewan started out like many other gold exploration properties in Canada.It was discovered in the l 940's by what is now Cominco, and, while highly regarded by that company the property sat largely dormant until acquired by Claude Resources in 1985.Claude did what most junior exploration companies would do and went looking for a company with a depth of expertise to joint venture the property.That company was Placer Development who could earn a 55% interest in the Seabee by delivering a bankable feasibility study on the Project by July 1988 and providing financing to production.Placer Development was an excellent company and spent over $8 million dollars on the Seabee over a 3 year period. Unfortunately for Claude Resources, Placer Development merged with Dorne Mines in 1987 and the new merged company, Placer Dome, established a minimum production threshold greater than the 50,000 oz per year which the Seabee appeared capable of supporting at that time. Placer Dome's request for an indefinite extension of the joint venture agreement to allow it to drill off a larger ore body was rejected by Claude Resources and the Seabee Property was returned to Claude in 1988."

Jan 1, 1998

By C. O. Brawner, J. Kalejta II

"The classical approach to control rock fall and ravel in open pit mining has been to use catch benches. The width and volume of benches is most dependent on the bench height, size of loading equipment, blast damage to the face and mining regulations. This was compatible with open pit slopes of less than approximately 45 degrees.As our understanding of rock mechanics and blasting control has improved over recent years, much steeper rock slopes can be developed at many open pit mines. However, narrower benches result in less rock fall capacity.The transportation industry has been very successful in using catch fences to protect highways throughout North America and Europe for years. The authors recommend that cable and ring net fences have a potential major application in open pit mining to allow steeper rock slopes with significant economic benefit. This paper outlines the application, design and operation of catch fences in surface mining for specific conditions. Typical case examples are presented."

Jan 1, 2002

By W. Duyvesteyn, B. Sabacky, T. Spitler, D. Verhulst

"The Altair TiO2 pigment process is based on hydrochloric acid leaching of ilmenite at high-acid concentration. Titanium is transferred by solvent extraction into a high-purity aqueous stream with a high titanium concentration. HCl gas is recovered by pressure-swing distillation and is used to regenerate the leaching solution.A new method of TiO2 recovery in dense film with simultaneous dehydration and hydrolysis provides great flexibility in adjusting the characteristics of the TiO2 pigment product.Modifications of this method lead to a flexible, low-cost, high-tonnage process first for the production of nano-sized TiO2, and later for stabilized zirconia-based nanomaterials and nano-sized titanates.IntroductionProcesses for the production of TiO2 from ore by a hydrochloric acid route have been proposed in the past. Most of these processes dissolve impurities and recover TiO2 as a residue or as a hydrolyzed phase in the original solution (Turner, 1948; Berkovich, 1975; Morris, 1982; Judd, 1986; Chao, 1993). Solvent extraction of titanium after leaching in aqueous HCl has also been studied (Tsuchida et al., 1982; Narita et al., 1983) or at least mentioned as an alternative (Ellis, 1963). A number of small-scale studies on leaching and solvent extraction in both sulphuric and hydrochloric systems have appeared recently (John et al., 1999; Lanyon et al., 1999; Sole et al., 1999. As far as we know, only Kerr-McGee (Morris, 1982) and a plant in India and one in Malaysia use a hydrochloric acid route (20 wt% HCl) to commercially produce synthetic rutile.The Altair process originated in a search for an economical method to treat high-magnesium ilmenite deposits, while avoiding the production of a waste metal salt by-product. The first attempts aimed at producing pure TiO2 by leaching out the impurities. Further work centred on completely dissolving the ilmenite in concentrated hydrochloric acid and reprecipitating TiO2. To decrease the impurity level in the product, solvent extraction of titanium into a purified stream was introduced. It also became clear that to take full advantage of the increase in leaching efficiency provided by concentrated acid, it was necessary to regenerate HCl gas."

Jan 1, 2002

By L. H. Michaud

"Albian Sands Energy (ASE), an oil sands surface mining and extraction operation, is currently undergoing start-up and is scheduled to ramp-up to full production by mid-2003. Startup includes the selection and implementation of over 75 IT systems or computer applications which include: engineering applications; systems required to control mining activities, maintenance, the processing plant and utilities; and also systems required to run the company, such as human resources, finances and inventory/ warehousing.This paper outlines the processes used for the selection, implementation and integration of these systems in order to optimize the use of information and to meet the technical, business and IT requirements of the company. The first step in ASE’s approach to identifying system requirements is the development of a business activity model, outlining all tasks involved in running the operations. The computer applications required to accomplish each task are then identified by having the IT team work closely with each technical and business unit. Historically, at some companies, the selection of systems has been led by the IT team or by consultants, with little input from the technical or business units. Typically, this results in products that do not meet the company’s expectations. To ensure a more positive outcome, ASE believes that it is imperative that the company’s technical and business people be closely involved in the selection process.Integration of the IT systems is also key, including linking all applications through a data warehouse and EDMS. Over 120 required integrations have been identified. This ensures the storage of all data in only one location, data security, and easy data and document retrieval for all requirements throughout the company"

Jan 1, 2003

Why Innovate in Mining? ?Obvious, right? ?Increase productivity and profitability ?Improve safety and ergonomics ?Improve our environmental record and eliminate liabilities ?Implement process control methodology ?Introduce information systems technology to gain control ?Low hanging fruit ?Reference ?Heather Ednie, Innovation CIM Magazine Feb. 2006 ?Peck & Skinner, Getting better bang for your buck with technology

May 1, 2006

By Lynn M. Gould

Syncrude Canada operates the largest oil sands crude oil production facility in the world and produces over 13 percent of Canada?s total oil requirements. To do this, Syncrude mines the oil sand in open pits, extracts the raw oil known as bitumen from the sand using water-based processes and upgrades it into sweet light crude oil by fluid coking, hydroprocessing, hydrotreating and reblending. The final product, Syncrude Sweet Blend (SSB) is sent by pipeline to three Edmonton area refineries and then to pipeline terminals which ship the SSB to refineries in Canada and the United States. As parts of the Mildred Lake Base Mine reached their economic life, they were replaced with new facilities at the Aurora satellite mine. Aurora is situated on Oilsand Leases 10, 12, and 34, 35 kilometres northeast of the Mildred Lake facility. (Figure 1) In 2000 the first hydrotransport low energy extraction production train started up at Aurora. A second production train is scheduled for start up in 2003. Open pit mining at Aurora occurs using two hydraulic shovels, two cable shovels, and trucks ranging from 320 ton to 380 ton payload capacities.

May 1, 2002

By Samuel Frimpong

Synthetic fuel is a liquid hydrocarbon fuel synthesized from unconventional resources, such as tar sands, heavy oil, coal, and oil shale. These unconventional resources are immense and will be a major energy source for the 21st Century as the availability of conventional crude oil and natural gas declines. The authors review the available global distributions, production data, research frontiers, and current research organizations involved in tar sands, heavy oil, coal, and oil shale. Tar sands and heavy oil is mainly deposited in Canada, Venezuela, and the United States. Oil shale reserves are found in United States, Jordan, China and Australia. Coal occurs in United States, Russia, China, Canada, and Australia. Major research and development efforts are focused on reserves identification, transportation technologies, production cost modeling, bitumen extraction process improvements, coal liquefaction technologies, elimination of pollutants, greenhouse gases, and safeguarding human health and the environment. This review forms a major source for educating the public about these important energy sources, and the need to develop environmentally sound technologies and policies for their extraction.

May 1, 2007

By Willem P. C. Duyvesteyn

"Scandium International Mining Corp (SCY) has been involved in the commercial development of its Nyngan Scandium Project for about ten years. Various studies at a variety of global R&D organizations have been carried out in an attempt to define the deportment of scandium in both the limonite as well as the saprolite phases of Nyngan ore to assist with process development. Technologies such as sulfuric acid baking, high pressure acid leaching, sulfuric and hydrochloric acid atmospheric leaching and heap leaching have been extensively investigated both at the bench and pilot scale level to arrive at the most economic process flow sheet that will be discussed in some detail in this paper. Solvent extraction, ion exchange and other refining technologies have been tested and an optimum configuration has been established for the Nyngan project which is expected to be the first primary scandium mine and metallurgical plant in the world.Because of a lack of product availability the current scandium market is limited to less than 20 tons per year. Technologies have been identified to produce product with different specifications for aluminum alloys and solid oxide fuel cell applications. Preliminary economics have identified that Nyngan will be a robust and low capital cost project that can readily be expanded as the size of the scandium market increases."

Jan 1, 2016

By Brad Thrall, Howard Bradley, Michael Samuels

"LOCATIONViceroy Minerals Corporation owns and operates the Brewery Creek heap leach gold mine located approximately 55 kilometers northeast of Dawson City, Yukon Canada. Dawson was home of the Klondike Gold Rush 100 years ago. Upon startup in November 1996, the Brewery Creek Mine was the northernmost operating heap leach gold mine in North America and one of the most northern in the world. Located at 64"" 02' latitude, the mine is less than 300 km south of the Arctic Circle. Access to the mine is available at Kilometer 14 of the Dempster Highway, linking Inuvik, NWT and the Klondike Highway, 40 kilometers east of Dawson City. The immediate vicinity is the only part of Canada not glaciated in the Wisconsin advance, which has resulted in an oxide ore deposit due to approximately 80,000 years of weathering - an area unique in Canada.DESCRIPTION OF OPERATIONSIn order to utilize heap-leaching technology successhlly in an extreme northern climate, a number of design features were incorporated into the process flow sheet to operate on a year round uninterrupted basis. Winter temperature may dip below minus 50 ""C, demanding an approach to mining and leaching that is different from heap-leach operations in more temperate climates. Because of the severe winter temperatures, the mine operates approximately 2 10 days per year, while the leaching process is continuous on a year round basis. Run of mine ore (ROM) is placed on the heap beginning in mid April until late October. Overall gold recovery is projected to be 78% over a 325 day leaching cycle with annual production levels of 2.3 million tonnes of ore placed on the pad, with an average of 75,000 ounces of gold recovered per year. The recovery process utilizes conventional sodium cyanide leaching, carbon adsorption, high pressure stripping, thermal reactivation and acid washing, and on-site smelting.HISTORYFollowing a comprehensive governmental and public review of the proposed project, a Class A Yukon Water license was issued in August, 1995. Construction started in 1995 and leaching commenced in October 1996.A Socio-Economic Accord with the Tron Dek Hwech'in First Nations provides for employment, contract, and scholarship opportunities for First Nations citizens."

Jan 1, 1999

By Ryan Montpellier, Paul Hebert

"Prospecting the Future: Meeting Human Resources Challenges in Canada's Minerals and Metals Sector is a comprehensive sector study of the short- and long-term human resource issues and challenges facing the minerals and metals industry. The study's in-depth assessment of current and emerging human resource needs and gaps served as a foundation for the recommendations designed to maintain the strength of the minerals and metals sector well into the future. The study provides insight and identifies strategies relating to each of the following areas:•,An aging workforce•,Significant retirements on the horizon•,Human resources demand growth•,Supply challenge - education and training programs•,Under-representation of non-traditional groups•,Supply advantage - attractive features of mining•,Supply and demand gap"

Jan 1, 2007

By Jamie Archibald

The Department of Mining Engineering at Queen?s University conducted a study of backfill practices in underground mines across Canada to assess the current state of backfill usage and to overview potential hazards associated with backfill practice, from preparation to transportation to placement. The primary aim of this study was to cover each component of a typical mine backfill system, and to identify potential incidents leading to the disruption of backfilling operations and any associated corrective actions. This paper, Part II of the study, deals with underground operations consisting of backfill transportation and backfill placement. Part I of the study, which deals with surface operations consisting of backfill material supply and backfill plant preparation, is also presented in these proceedings. A review of safety measures associated with current backfill operations and recommendations for procedures of best practice that should be implemented to reduce fill-related hazards in all mine backfill workplace environments are presented. In general it has been found that system failures normally lead only to minor losses to the operations.

May 1, 2009

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