https://www.miningweekly.com

Imperial Metals halts Mount Polley operations amid copper price slump

Imperial Metals Corporation's Mount Polley copper mine, in Canada

Imperial Metals Corporation's Mount Polley copper mine, in Canada

8th January 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

TSX-listed Imperial Metals Corporation has suspended operations at its Mount Polley mine, in Canada’s British Columbia province, owing to declining copper prices.

The suspension plan of the mine includes milling of low-grade stockpiles, which should extend the operations to the end of May.

The company on Monday assured that there would be no impact to the mine’s ongoing environmental monitoring and remediation programme.

Full operations will resume once the economics of mining at Mount Polley improve.

Imperial, through its subsidiaries, owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia, while holding a 50% stake in the Ruddock Creek lead/zinc prospect, also in British Columbia.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.152s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: