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
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