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Company Suspends Operations At Mount Polley Mine Due To Declining Copper Prices

IANS, 07 Jan, 2019 11:49 PM
  • Company Suspends Operations At Mount Polley Mine Due To Declining Copper Prices


WILLIAMS LAKE, B.C. — Imperial Metals Corp. says it is suspending operations at its Mount Polley mine in south-central British Columbia due to declining copper prices.


The gold and copper mine was the site of a 2014 tailings dam collapse that was one of the largest environmental disasters in the province's history.


Imperial Metals says in a news release Monday that the suspension plan includes milling of low grade stockpiles which is expected to extend operations to the end of May 2019.


It says there will be no impact to the mine's ongoing environmental monitoring and remediation program.


The company says when the economics of mining improve full operations will resume at the mine, which is northeast of Williams Lake, B.C.


Engineers and Geoscientists B.C. announced in September that three engineers involved in the design, construction and monitoring of the tailings storage facility that collapsed will face disciplinary hearings next year.

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