Highland Valley Copper announces layoffs - reports

By Michael Allan McCrae / November 05, 2015 / www.mining.com / Article Link

Teck plans to reduce the workforce at Highland Valley Copper by six per cent.

United Steelworkers local 7619 says it was informed of the cuts by Teck on Thursday. Cuts will take place next year.

Highland Valley Copper employs approximately 900 people, nearly half of them living in Kamloops.

Non-union contractors will feel the brunt of the labour reductions.

In its recent quarter Teck Resources (NYSE: TCK) announced a $1.7 billion (Cdn$2.2 billion) asset impairment charge.

Highland Valley Copper is an open pit copper mine operating in southern British Columbia. It produces copper and molybdenum concentrates. Highland Valley Copper has a mine life to 2027.

Recent News

Budgets shift to later phases and larger companies

March 03, 2025 / www.canadianminingreport.com

Gold stocks decline on metal and equities drop

March 03, 2025 / www.canadianminingreport.com

TSXV Mining's gold-driven outperformance

February 24, 2025 / www.canadianminingreport.com

Gold stocks dip, TSXV mining outperforms, tech bull shifts to China

February 24, 2025 / www.canadianminingreport.com

Producing gold still up after metal reversal, juniors down

February 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok