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Imperial Metals suspends copper mining at British Columbia mine

Published 2016-01-06, 10:28 a/m
© Reuters.  Imperial Metals suspends copper mining at British Columbia mine
HG
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III
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5715
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5711
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Jan 6 (Reuters) - Canada's Imperial Metals Corp III.TO
said it suspended mining at a copper mine in British Columbia
due to declining prices, affecting 100 employees.
Imperial, which has 260 employees in the Huckleberry mine,
said it would retain the remaining employees to mill stockpiled
ore.
The company has a 50 percent stake in the Huckleberry mine,
while Mitsubishi Materials Corp 5711.T , Dowa Mining Co Ltd,
Furukawa Co Ltd 5715.T and others own the rest.
Imperial, which has been reviewing options for the mine, was
expecting 2015 copper production of about 22 million pounds from
its stake in the mine.

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