Durham antimony closing in January

World antimony prices have tumbled to around 90 cents (US) per lb. The weakness in prices resulted in a loss of $225,000 during the first nine months of this year. During the same period in 1988, Dominion’s losses totalled $958,000.

The Durham mine’s problems forced Dominion to consider a job-sharing program earlier this year which would have been financially aided by the federal government. Continuing low metal prices, however, have forced the decision to close the mine.

Dominion will consider alternative uses for the surface equipment at the mine site and is also studying the feasibility of producing aggregates from the property. Better known as sand and gravel, aggregates are used in the construction and road building sectors.

Exploration is also in progress on Dominion’s properties in the Mishibishu Lake area west of Wawa, Ont.

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