I-0.4 - Mining Tax Act

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32.3. (Repealed).
1996, c. 4, s. 9; 2011, c. 6, s. 62.
32.3. The department shall pay, to a qualified operator, the amount determined under section 32.4 as an advance on the credit on duties for the cost of bringing an orebody into production if the operator
1°  has submitted a plan to bring an orebody into production, supported by a feasibility study prepared by a person who is not related to the operator;
2°  has submitted, with his plan to bring an orebody into production, a prescribed form, duly completed;
3°  has obtained the capital from a qualified investment within six months from the date of the prior ministerial approval, or within such longer period as the Minister considers reasonable.
1996, c. 4, s. 9.