trending Market Intelligence /marketintelligence/en/news-insights/trending/45qjs2O1IcxDdEkyTH03ng2 content esgSubNav
In This List

Declining copper prices prompt Imperial Metals to suspend Mount Polley ops

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Declining copper prices prompt Imperial Metals to suspend Mount Polley ops

Due to declining copper prices, Imperial Metals Corp. decided to suspend operations at its Mount Polley mine in British Columbia.

The suspension plan includes the milling of low grade stockpiles, which is expected to extend operations to the end of May.

Imperial Metals said Jan. 7 that the move will not affect the ongoing environmental monitoring and remediation program at the site.

The company will fully resume operations once the economics of mining at Mount Polley improve.

Mount Polley is owned and operated by the company's Mount Polley Mining Corp. subsidiary.

In December 2018, the company tapped Bank of Montreal to expedite a formal restructuring process that could include a US$1 billion company sale, Reuters cited sources as saying.