For Curragh Resources, the Westray coal mine in Nova Scotia was to have been a cash-flow buffer when its Faro, Y.T., operations inevitably suffered through price troughs in zinc and lead. Westray, instead, is a political nightmare, a financial burden, a corporate millstone and, tragically, a graveyard for 11 coal miners still buried within the ruins.
Curragh’s creator, Clifford Frame, may still salvage the company. But his ambition to build a major mining house seems hopeless now.
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