Government of Yukon
News archives
FOR RELEASE #08-265
October 27, 2008
Miners Lien Act Amendments Tabled
WHITEHORSE – Minister of Community Services, Archie Lang, tabled the Act to Amend the Miners Lien Act today.
“The legislative amendments proposed to the Miners Lien Act will provide clarity and certainty for suppliers, the mining industry, and lenders that provide debt capital for mine development,” Lang said.
Miners’ lien legislation gives specific legal recourse to businesses or individuals in situations where they have provided goods and services and have not been paid.
The proposed amendments to the Miners Lien Act will:
• provide greater clarity in the act—some definitions have been updated and new language has been included;
• maintain the concept of “lien priority” and ensure the language describing the priority of liens is clear and understandable to all stakeholders; and
• better define time limits for filing a lien, to enable investors, lenders, contractors and suppliers to better assess the risk of a project.
“These amendments were determined in consultation with industry and the public,” Lang said. “The amendments ensure that the Miners Lien Act best serves the interests of the public and continues to encourage investment in Yukon’s mining sector.”
For more information on mining in Yukon, visit www.yukonmining.com/
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| Contact: | |
| Matthew Grant Cabinet Communications 867-633-7961 matthew.grant@gov.yk.ca |
Rod Jacob Communications, Energy, Mines & Resources 867-667-8786 rod.jacob@gov.yk.ca |