LAB Chrysotile Inc., one of the two remaining Quebec’s asbestos miners, has filed for bankruptcy because of high fixed costs and sharply declining revenues.
Tendai Biti, Zimbabwe Finance Ministers said on Friday the re-opening of the Shabani Mine is a critical imperative for the economy calling it is a tragedy that nearby town of Zvishavane is increasingly becoming a ghost town, with upstream and downstream industries which depend on asbestos mining having collapsed.
Biti was presenting his mid-term fiscal review where he predicted the country's mining sector as a whole growing by 34%, buoyed by firming international mineral prices, improved power supply arrangements and output growth.
YouTube user markdcatlin uploaded a film showing how workers milled and bagged asbestos in the 1960s. The film was shot at the Cassiar Asbestos Company's asbestos mine in British Columbia, Canada.
The mine and mill started operations in 1953 and closed in 1992 when the company went bankrupt, taking the town of Cassiar with it.