Imperial Metals cuts staff, eyes idling mine

Nov 26, 2008 | 06:39 AM |

Imperial Metals Corp., owner of two British Columbia copper mines, is reducing staff at one of the projects and considering a shutdown of the other in response to low metal prices.

Vancouver, British Columbia-based Imperial Metals will cut 49 of the 397 jobs at its 100-percent-owned Mount Polley Mine as part of a cost-reduction plan.

The move won't impact concentrate production, Don Parsons, vice president of operations, said in an interview. Mount Polley consists of a mill and several ore deposits. One of these, the Wight pit, is nearly depleted and extraction will now focus on the Springer pit, which is closer to the crusher and will allow the company to take three haulage trucks....

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