Jan

31

For the want of a nail

January 31, 2008 |

Canada’s Barrick Gold Corp. is so concerned about the worldwide shortage of the giant tires it needs for its massive mining trucks and loaders that it is lending a Japanese tire maker $35-million (U.S.) to help it finance a plant expansion. globe and mail

While people think deep, and pretty gloomy thoughts about the global economy, the people who are actually making stuff or mining are dealing with the scarcity which abundance create. Lots of 3 million dollar mining trucks + no tires = no mining trucks. Barrick is looking long term and that is very smart indeed.


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