The Company's strategic focus on development of cement grade limestone in the United States is based on two reasonings.
AGING INFRASTRUCTURE
The first is that the United States' immense infrastructure has age-deteriorated to a stage where it requires extensive repair.
- The United States economy has an extraordinary infrastructure with more than 500 primary airports, 3.9 million miles of public roads including nearly 43,000 miles of interstate highway and 594,470 bridges all of which are presently age-deteriorating.
- In 2005, the American Society of Civil Engineers estimated that $1.6 trillion was needed over five years to bring just the existing infrastructure into good repair.
- In January 2008, a national commission on transport policy recommended that the government should invest at least $255 billion each year for the next 50 years in an effort to remedy infrastructure issues.
Latest News
May 11, 2009: News Releases: Resource Taking Shape at Blue NoseApr 28, 2009: News Releases: Positive Assay Results Blue Nose Project
Apr 20, 2009: News Releases: Blue Nose Drill Program Completed
Mar 30, 2009: News Releases: Drill Program Underway at Blue Nose Project
Feb 10, 2009: News Releases: Cement Grade Limestone Identified
UNITED STATES TURNS TO INFRASTRUCTURE BASED ECONOMIC STIMULUS PROGRAMS
The second reason for moving toward cement grade limestone is that the United States Government has expressed they will look to infrastructure spending as a form of economic stimulation.
- President Barack Obama recently pledged to create a National Infrastructure Reinvestment Bank, financed with $60 billion in federal funds to build new roads, bridges and modern schools by 2011 and he also spoke to the development of a $25 billion "Jobs and Growth Fund" to prevent reductions in road and bridge maintenance. In addition, President Obama is assembling an $850 billion dollar economic stimulus package part of which is expected to find its way to infrastructure expenditures.
- On December 8 2008, the United States Conference of Mayors released a report detailing 11,291 infrastructure projects in 427 cities that they'd love to see funded as part of the federal stimulus in the next two years.
- The cities estimate that for the price of $73 billion, their projects could create around 850,000 jobs. The cities with the highest dollar value of requests included Sacramento, Los Angeles, and San Francisco, California and Phoenix, Arizona.
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