TORONTO (miningweekly.com) – Molybdenum miner Thompson Creek Metals said on Friday its COO, Ken Collison, has chosen not to relocate to Denver when the firm closes its Vancouver office, and will resign later this year after a successor has been appointed.

“Ken has agreed to continue with the company for a transition period after a new COO is appointed and he may subsequently stay on longer in a consulting role to help with certain projects,” CEO Kevin Loughrey said in a statement.

Last year, the firm appointed Pamela Saxton as CFO, to replace Derek Prince, who also opted not to make the move to Denver.

Thompson Creek produces molybdenum from its Thompson Creek mine, in Idaho, and the Endako mine, in British Columbia.

The company has curtailed production and suspended projects in response to weak demand and prices for the metal.

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