I do not want to be the purveyor of doom and gloom but to my mind some politicians, both federally and provincially, may need to take a reality check on the economy, especially those economies that rely on the extraction of non renewable resources. I prefer the term ‘non renewable resources’ rather than the oft used ‘natural resources'.
Also, workers in the non renewable resource sector should start taking notice of what is going on around the world, and as a precaution start thinking of maybe the possibility some hard/harder times ahead.
The reason for this is in the news and business sections of msm and on the Internet if ones want to look.
Vale Inco may or may not have filed its plans for the Long Pond smelter, but the silence from the government is strange, then again for good news they would not want to release it on a Friday and maybe wait for a more opportune time, we shall see. I presume the local media will pick up on this this coming week, lets hope it is more good than bad.
The news from down under is not so great in the nickel and iron ore sector, nor is the news from China as it faces huge shut downs and layoffs in many sectors.
One thing that is a positive from all this down turn; the chance of a uranium mine in Labrador is diminished in the short to medium term.
People who appose or even have doubts about uranium mining should not be afraid to speak up about their concerns, they should also not feel intimidated by the pro uranium lobby groups.
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