Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
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.
“Cassiar did not itself manufacture or sell any finished products. Instead it sold the raw asbestos fibers to manufacturers, including companies such as Johns-Manville, Fibreboard, and CertainTeed,” according to notes below the film.
