LOL.
Third time. Must be true.
“This could be very, very bad, in the long term.”
Companies have reserves to meet short term needs.
Long term the mines, factories and railroads will be back up running.
Where have you been hiding out?
If they don’t depend on the government, they can rebound in a flash. Fix the roads, fix the power grid, fix the communication network, and things will burst to life.
They had better not expect any help from FEMA.
Everyone in the administration knows that the Appalachian region is just a hot-bed of Deplorables!
The area is teeming with the democrats NUMBER ONE ENEMY! - Independent minded, self reliant, conservative voting, GOD loving, patriotic, honest Americans.
I mean - it’s not like they were corrupt Ukrainian officials willing to hand over a big chunk of aid money as cash under the table to line the pockets of Biden, Harris, Pelosi
and their dingleberry butt kissers.
From all indications, Sibelco is well prepared with reserves of Iota 8 and being a very private and secretive company you’ll never hear anything more.
I would find it hard to believe that an industry with a collective market cap of almost $8 TRILLION (yes, with a TR) is solely reliant on a quartz mine in NC.
It may be the cheapest, most well-run, perhaps the largest quartz mine. But quartz is a relatively common element, but you can be sure all these HUGE and very profitable companies have developed several sources of quartz.
On a side note, Augusta National Golf Club (site of the Masters every year) also uses this mine for their bunker “sand” because of its bright whiteness, the better for TV coverage. I’m sure they have a reserve as well.
I was reading about this the other day and came to the conclusion that the story is a lot over exaggerated. They appear to be a very large multinational corporation, but here is some info from their site which hasn’t bee updated since the weekend.
https://www.sibelco.com/en/news/impact-of-hurricane-helene-on-spruce-pine-operations
Just checking their site and coincidentally see that their US corporate offices are in the Ballantyne area of Charlotte, NC about 9 miles from my location.
https://www.sibelco.com/en/country/usa