Make India Asbestos Free

Make India Asbestos Free
For Asbestos Free India

Journal of Ban Asbestos Network of India (BANI). Asbestos Free India campaign of BANI is inspired by trade union movement and right to health campaign. BANI has been working since 2000. It works with peoples movements, doctors, researchers and activists besides trade unions, human rights, environmental, consumer and public health groups. BANI demands criminal liability for companies and medico-legal remedy for victims.

Sunday, March 23, 2008

End of the asbestos industry in Canada?

This may be the end of the asbestos industry in Canada. The LAB Chrysotile owned asbestos mine in Thetford Mines, Quebec is the last mine in operation in Canada and has now gone bankrupt. It was losing money.

Kathleen Ruff

Mazarin Inc.: Announcement
Mazarin Inc. (TSX VENTURE: MAZ.H) announces that its wholly-owned subsidiary, 9075-6453 Quebec Inc. was forced to assign all of its assets in the hands of Raymond Chabot Inc., trustee.

The subsidiary is the owner of the Bell mine in Thetford Mines. Last August, it had authorized, under certain conditions, 9184-6808 Quebec Inc. (LAB Chrysotile) to operate the mine. At the end of this month, LAB Chrysotile will cease operations at the Bell mine.

After considering several avenues, the subsidiary has concluded that its limited financial resources did not allow it to operate the mine or to meet its financial obligations on an ongoing basis.

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Mazarin Inc.

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