Imperial seeks reorganization
Vancouver — Cash-strapped Imperial Metals (IPM-T) has presented a plan of arrangement to its creditors and shareholders that would clear off $10.7 million in liabilities.Under the plan, Imperial inte…
Mount Polley Mine
Imperial suspends operations
The beleaguered Mount Polley mine in central British Columbia will close its doors in late September because of continuing low copper and gold prices.Imperial Metals (IPM-T) is suspending operations, …
Careers (August 09, 1999)
Mount Polley Mining Corporation has an opening for a PERSONNEL AND SAFETY CO-ORDINATOR at the Mount Polley Mine located east of Williams Lake near Likely, BC.This position reports to the Mine General …
British Columbia copper mines face tough times
Deteriorating copper prices have forced 60%-owner Imperial Metals (IPM-T) to negotiate the second financial restructuring package for the Huckleberry copper mine in less than a year.The open-pit mine,…
Imperial struggling in poor market
Suffering from poor commodity prices, Imperial Metals (IPM-T) posted a loss of $1.7 million (or 2 cents per share) for the third quarter, compared with a loss of $1.3 million (2 cents per share) a yea…
Mount Polley placed on life support
Imperial Metals (IPM-T) will not suspend operations at its 55%-owned Mount Polley mine, 60 km northeast of Williams Lake, B.C.The decision was reached after shareholders agreed to adopt an economic pl…
Imperial hopes to stave off closure of Mount Polley mine
Buckling under the strain of low metal prices, Imperial Metals (IMP-T) is seeking concessions from all stakeholders in order to improve the financial conditions of its two new mines in the central par…
MINING IN CANADA Companies persevere in BC despite downtrend by thomas schuster
The state of British Columbia’s mineral exploration industry has yet to show signs of recovery.According to the British Columbia Geological Survey, exploration expenditures in the province declined by…