The mining industry in Newfoundland and Labrador is a growing and a prosperous one; it produces more than a dozen mined commodities. Every segment of society uses minerals and mineral resources everyday. The roads we ride are constructed using aggregates and gypsum, iron is used for structural steel in the buildings where we live and work. Granite is used for the counter tops in our kitchens ;granite is also used in statues monuments and headstones; nickel is used in the production of stainless steel and in the aerospace industries and copper is used in electrical cables and wires.
Department of Natural Resources Mines and Energy Division forecasts the Gross Value of Mineral Shipments (GVMS) to be $2.19 billion for 2009;substantially reduced from the $4.66 billion in 2008.This is due to decrease in shipment forecasts at several mines and a general reduction in projected commodity prices brought on by the global economic crisis that began late in the summer of 2008.Despite the recent global recession 2009 Gross Value of Mineral Shipments for Newfoundland and Labrador is expected to be the fourth largest on record in nominal Canadian dollar terms.
About 98% of iron ore is used to make steel-one of the greatest inventions and most useful materials ever created.
While the others uses for iron ore and iron are only a very small amount of the consumption, they provide excellent examples of the ingenuity and the multitude of uses that man can create from our natural resources. For example did you know that Iron blue is used in paints, printing inks, plastics ,cosmetics(eye shadow) artist colors, laundry blue and paper dying!