Group from India bids on asbestos mine in QuebecA consortium from India has made an offer to purchase one of Canada's last asbestos mines and extend its life, the Canadian Press reports.
The group recently made a bid to purchase the Jeffrey Mine in the Quebec town of Asbestos, Jeffrey president Bernard Coulombe confirmed recently. Coulombe declined to disclose how much money the group had offered, according to the news provider.
"The offer is serious, because it was officially presented with a guaranteed deposit," Coulombe told the news source.
The 131-year-old Jeffrey mine is one of only two sites in Canada that continues to extract the dangerous mineral, which has been proven to cause deadly diseases such as asbestosis, mesothelioma and lung cancer.
The Canadian asbestos industry has been heavily criticized for exporting the material to developing countries with little or no safety measures in place to limit exposure, the news source said.
Coulombe explained that the deal would secure the necessary funds to complete a new underground section of the mine, which would extend its life for another 25 years.
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