No Happy New Year for Huckleberry Mine Workers
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.”