HIGH NOON FOR THE FUTURE OF ASBESTOS IN A TOWN CALLED ASBESTOS
June 1st, 2010
BY KEITH NUTHALL
THE TOWN of Asbestos in French-speaking Québec, Canada - named after the mineral that underpins its economy - is waiting to see whether its provincial government will approve a Canadian dollar CAD58 million (US dollar USD56 million) loan enabling an underground mine to tap an immense deposit. Open cast production at the Jeffrey Mine, privately-owned by mining executive Bernard Coulombe, is dwindling. And previous investment of CAD135 million into developing an underground pit needs augmenting with additional funds to make it operational. ...
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