Digging for dollars: mining is trapped in hard times

Article Abstract:

The mining industry is declining in Canada because existing resources are being depleted faster than new ones are being discovered. Thirty-three Canadian mines closed in 1991, while only 18 opened. Unemployed miners are seeking employment elsewhere, as the global recession continues to push mineral prices down.

Canada, Finance, Mineral deposits, Mines and mineral resources, Mining

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Falling on hard times; the B.C. forest industry faces new pressure to produce more jobs and profits with fewer trees

Article Abstract:

British Columbia's forest industry lost $869 million on sales of $10.9 billion in 1991, compared to a profit of $1.4 billion on sales of $12.6 billion in 1987. Profits are declining as fewer trees are available for harvesting and new pollution-control standards are requiring the updating of old mills.

Forest products industry, British Columbia

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Logging profits: Canadian lumber prices climb to new highs as U.S. supplies shrink and the recovery increases demand

Article Abstract:

Economic recovery in the US has spurred a demand for lumber from Canada because of low supplies in the US. The increased demand helped prices rise from $258 per thousand board feet to $565 per thousand board feet from Oct 1992 to Feb 1993. Conservation in the US has reduced the supply of lumber.

Economic aspects, Prices and rates, Lumber industry, Lumber

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