250 News - Your News, Your Views, Now

October 28, 2017 12:52 am

No Happy New Year for Huckleberry Mine Workers

Wednesday, January 6, 2016 @ 9:20 AM

Prince George, B.C.-  Imperial Metals  has announced it  is suspending  open pit operations at its Huckleberry  copper  mine  near Houston.The  news means 100 employees will be off  the job.  Imperial says  another 160 employees at the mine will stay on to continue milling the stockpiled ore.

In a statement released this morning,  Imperial says  despite  efforts to  reduce operating  costs at the mine “the realized savings have not been sufficient to offset declining copper prices.”  Copper  is  trading  at about $2.06 U.S.  a pound,  a level last seen  seven years ago.

The company says it will “continue to  work with  employees and other stakeholders to manage through this difficult period.”

 

Comments

Tough times all around.

Will the price of copper put an end to the drug crazed copper thieves?

Tough time to be out of work.
The crew milling the stockpiled ore probably doesn’t have a bright future with the company either, and it makes you wonder about the other mines owned by Imperial.

Low prices for just about all the commodities we produce in the north (copper, moly, coal, O&G, lumber) don’t bode well for our communities this year.

On the bright side, beef production, craft beer brewing, pulp and gold seem to be bucking the trend somewhat, and yes, theft of copper is way down. :)

A positive final investment decision on one of the big LNG projects would sure help.

CL

Comments for this article are closed.