Tuesday, April 19, 2011

Quebec Government Decides to Back Loan to Restart Asbestos Mine

Asbestos (chrysotile)Image via WikipediaQuebec government announced that it was providing conditional support of the reopening of the Jeffrey Mine Inc in the town of Asbestos through a $58 million loan guaranteeEconomic development minister Clément Gignac also suggested that chrysotile asbestos from that mine could help save lives in India.  Gignac said, the relaunched mine would create 425 full-time jobs in the region plus provide millions of dollars in taxes and royalties to Quebec which in turn will create a $7.5 million economic diversification fund for the region.
To justify the decision, Gignac told reporters that millions of people in India die of cholera every year because they lack access to potable water and proper sanitary infrastructure.  "Excuse me, but the fact is that chrysotile asbestos cement can be used to make many more kilometres of infrastructure because it is less expensive and is a durable material and we can improve the quality of life of citizens in India," he said.

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