labradore

"We can't allow things that are inaccurate to stand." — The Word of Our Dan, February 19, 2008.

Tuesday, February 10, 2009

A resource-rich province (and Labrador)

From an ever-so-helpful statistical table at the Ministry of Rocks, comes the following ever-so-helpful statistical chart.

This shows the value of mineral production (in $000s; the grid lines therefore mark of intervals of a billion dollars) in Newfoundland and Labrador, differentiating the value of production in Labrador, and that in the other bit.

Up until 2005, most of that value was in iron ore production, all of which is in Labrador. Starting in 2005, the nickel, copper, and cobalt production at Voisey's Bay, together with a ramp-up in the value of production of iron ore and other commodities, push the value of the mining industry even higher.

Notes:

(1) This is the value of production, not the amount of royalties or other public revenues generated, although, as a prominent radio caller claimed the other week, the biggest single provincial taxpayer is now Vale-Inco, bigger than any of the offshore oil companies.

(2) Copper is hived off into a separate category, since it is produced in both parts of the province. The table does not differentiate the value of the copper produced at Voisey's Bay from other sources.

(3) 2007 figures are preliminary; 2008 figures are forecast; both are not only subject, by likely to change.

1 Comments:

At 7:35 AM, February 11, 2009 , Blogger Edward Hollett said...

For 2009 we are probably looking at total values of something on the order of what we saw in 2005-06 and hence government revenue will be down according.

The budget will be interesting. We have a government with 2008 level expenses and 2004 level income.

 

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