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29 January 2007

A view from Labrador West

Well, so much for spelling your humble e-scribbler's name correctly.

But at least people are reading.

For the record, here's the original post. Note the update which gives a much less speculative version of things.

Also, here's a chunk of your humble e-scribbler's e-mail to the Aurora's editor in response to the editorial:
Information from people expert in mines and the issues involved with mines like Scully leads me to believe that the liabilities associated with an aging mine relatively close to shutdown may have led CT to make its decision. Those liabilities are largely undefined but one can readily imagine what they might be.

They might include long-term power costs but they might also involve liabilities related to the shut down of existing operations.

Taken altogether, a company like CT would make an informed decision on whether or not to purchase an existing operation and bring onstream deposits from across the border in Quebec. While the company would not - understandably - discuss specifics, we can get a good idea if we use a little imagination and some informed speculation.

That said, I certainly wouldn't suggest anyone in Labrador west to to take a pessimistic outlook on the future. There is plenty of potential including Bloom Lake. We will all have to wait as the companies involved or potentially involved sort out their plans. CT's announcements shouldn't be seen as a setback, but merely as the companies working through options. In the announcement, CT indicated - and I take it at face value - that they are continuing to explore options. As long as that continues there is reason for hope, and for continued prosperity in one of the strongest economic regions of our province.