East coast mining steps up/Mineral development continues in Newfoundland and Labrador

摘要

The mining industry in Newfoundland and Labrador produces more than a dozen mineral commodities ranging from aggregates used in road construction to iron used in structural steel, limestone used in agriculture, nickel used to produce stainless steel, granite used in counter tops, and copper wire for use in electrical generation and distribution. Since 2004 there has been an increase of about 490 per cent in the value of the province's mineral shipments with the 2007 forecast at approximately 3.97 billion dollars, up from 673 million dollars in 2004. This increase is due to opening of the Voisey's Bay and Duck Pond mines and a broad based increase in prices and local production of copper, zinc, nickel and iron ore over this time period.