asked the Minister for Energy if the take-over of Tara Mines by Outokumpu of Finland has yet been completed; and, if so, whether a take-over of Bula Ltd. is also being negotiated by the same firm.

I understand that acceptances may now have been received in respect of 90 per cent of the shares. If that is the case Outokumpu will, in accordance with the provisions of the offer document, proceed to acquire the remainder in exercise of its rights under the relevant Canadian legislation.

I have no knowledge of Outokumpu's intentions in relation to Bula. In considering any proposals relating to that property, they would, of course, have to bear in mind in particular the rights and duties of the receiver.

Could the Minister tell the House if this take-over by Outokumpu requires ministerial or Government approval? If so, will it be forthcoming? Does he see any alteration in the operations of Tara Mines under Outokumpu?

I believe that an application by Outokumpu will be necessary under the Mergers Act, 1978. I have not studied the matter in detail because I have not studied the application but from the point of view of mining policy I would see no difficulty with Outokumpu's becoming a mining company in this country, having acquired shares in Tara Exploration. I did not catch the second part of the Deputy's question.

Will approval be forthcoming?

Yes.

Does the Minister envisage any change in the operations of Tara Mines?

No, I do not envisage any change.