Thompson Creek considering closures

Thompson Creek Metals Co. is considering closing their molybdenum mines.

Thompson Creek Metals Co. is considering closing their molybdenum mines.

The company, which owns Mount Milligan, the gold-copper mine between Fort St. James and Mackenzie.

The company owns two molybdenum mines, Thompson Creek in Idaho and Endako near Fraser Lake.

The falling price of molybdenum may force the company to close the two molybdenum mines, according to a recent statement by CEO Jacques Perron.

Perron said if the price of molybdenum oxide falls below $9 a pound the company will have trouble keeping the mines open.

The price of molybdenum oxide was at $9.57 last week and had dropped 18 per cent this year.

Should the closures become necessary, the mines would be mothballed until the price rose to a more lucrative $13 or $14 a pound to restart.

 

Just Posted

RCMP officer cleared in Prince George arrest

A suspect’s leg was fractured in 2015 incident

New cut level set for Prince George Timber Supply Area

This represents a 33% decrease from the allowable annual cut of 12.5 million cubic metres set in 2011.

Work camp west of Tchesinkut Lake

TransCanada to build work camp near Burns Lake, possibly Vanderhoof

No one should go hungry, Support your local Food Bank

When it comes to the basics, food is at the top of… Continue reading

BC Ferries restricts passengers from lower vehicle decks

The new regulations will no longer allow passengers to remain in their vehicles on closed car decks.

VIDEO: Sears liquidation sales continue across B.C.

Sales are expected to continue into the New Year

B.C. casino accused of illegal activity follows rules: operator

B.C. had launched review after concerns about money laundering at River Rock casino in Richmond

Opponents of LGBTQ program to file human rights complaint against Surrey School District

District denied Parents United Canada right to rent Bell Performing Arts Centre for rally next month

Ex-employee describes alleged sexual assault by B.C. city councillor

Complainant was a teen during the alleged 1992 incident

Amazon gets 238 proposals for 2nd headquarters

Submissions were due last week. Online retailer has said tax breaks and grants would be factors

Justin Timberlake invited back to Super Bowl halftime show

A ‘wardrobe malfunction’ with Janet Jackson caused a national controversy during his last appearance

A scary box office weekend for everyone but Tyler Perry

‘Boo 2! A Madea Halloween’ scared up a healthy $21.7 million in its first weekend in theatres

Even as long-form census data returns, Statcan readies for day without it

Wednesday’s release is expected to show immigrants making up a larger share of the population

B.C. VIEWS: Horgan fumbles salmon farm threat

Lana Popham falls for anti-aquaculture propaganda

Most Read