Mercuria eyes equity in African assets, new metals boss says
“You will see us very present in Africa and putting our money where our mouth is in respect of the Copperbelt,” Kostas Bintas said.
Imperial Metals (TSX:III) announced this week that due to declining copper prices, operations at the Mount Polley mine will be suspended. The suspension plan includes milling of low grade stockpiles which is targeted to extend operations to the end of May 2019.
In a news release, the company said there will be no impact to the mine’s ongoing environmental monitoring and remediation program, and that operations will resume once the economics of mining at Mount Polley improve.
Mount Polley mine is located in south-central British Columbia, 56 kilometres northeast of Williams Lake.
