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Entrepreneurship Essay

1056 words - 5 pages

Resolved that Canada should continue to mine asbestos if there continues to be an international demand for the product and it is an economically viable business for companies operating in Canada.

INTRODUCTION
Asbestos is a natural mineral and is strong enough to resist high temperatures and chemical reactions. Being a poor conductor, it insulates well against heat and electricity. When treated, asbestos crystals become long, flexible, silky fibers, so it can be made into a wide variety of forms. It can be spun into yarn, woven into cloth or braided into rope. Asbestos can also be added to materials as diverse as cotton and cement to provide more support and stability.
Asbestos has been ...view middle of the document...

Asbestos can be used safely, and public concern has led to improved product design and manufacture. Asbestos is now better encapsulated and sealed to reduce the escape of fibers.[1]
Asbestos is valuable in many applications because it has been difficult to find comparable substitute materials. For example, it is still an important component of brake lining and clutch facings.[1]
Health Canada states that the asbestos content of a product does not indicate its health risk but poses health risks only when fibers are in the air that people breathe. Asbestos fibers lodge in the lungs, causing scarring that can ultimately lead to severely impaired lung function known as asbestosis and cancers of the lungs or lung cavity.[2]
“Concern for the health of asbestos workers was expressed as long ago as the late 1800s. The risks became more evident in the late 1960s, when workers who had been heavily exposed 20 to 30 years earlier showed increased incidence of lung disease. Occupational exposure is now strictly regulated by provincial governments.” - Canadian Centre for Occupational Health and Safety (CCOHS) [3]

PRODUCTION AREAS

Asbestos is produced in 5 major countries, namely [4] –
1. Russia (1017*)
2. China (280*)
3. Brazil (255*)
4. Kazakhstan (230*)
5. Canada (180*)
*in thousands of metric ton – 2008

As per the US Geological Survey 2007, the consumption of asbestos has been observed in five major countries, namely –
1. China (626*)
2. India (302*)
3. Russia (280*)
4. Kazakhstan (109*)
5. Brazil (94*)
*in thousands of metric ton – 2007
And the exporters of these deadly white fibers, according to the US Geological Survey are –
1. Russia (657*)
2. Kazakhstan (216*)
3. Brazil (178*)
4. Canada (176*)
5. China (14*)
*in thousands of metric ton – 2008

So we see asbestos is very much in demand by major countries and hence Canada should meet them with its huge supply of asbestos. Though ‘the World Health Organization says 107,000 people around the world die annually from ongoing workplace exposure to asbestos. It is still used in many developing countries in everything from roofing tiles to cement pipes and boiler insulation, and even Canada imported $2.6 million worth of asbestos brake pads last year.’
By the figure that we see in the export section, Canada stands at...

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