Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Thompson Creek Metals (TC -5.2%) says it is suspending stripping activity associated with the...

  • Wednesday, October 3, 2012, 9:38 AM ET
    Thompson Creek Metals (TC -5.2%) says it is suspending stripping activity associated with the next phase of production at the Thompson Creek Mine; TC expects to save ~$100M in operating costs and $8M-$9M in capital expenditures, as well as reduce the mine workforce by ~100 workers.
Track new comments on this story

This news story has 4 comments:

  •  
    So they will be selling Moly from their stockpile? How will they get production back when prices resume? WTH is going on?
    3 Oct 2012, 10:19 AM Reply Like
  •  
    MAy know more on Thursday call (see article).
    3 Oct 2012, 10:41 AM Reply Like
  •  
    Obivously, they have been setting this up for a while; they don't just stop blasting and shut down the dozers, shovels and haulers on a whim. Their mining plan is intact and when the market improves they will start up where they left off. Only minimal maintenance ops like running pumps and fleet servicing will be required at the mine while they're destocking. Good move.
    3 Oct 2012, 11:37 AM Reply Like
  •  
    Bought a profitable mine from Mr. Mooney, now we need Mooney back.
    7 Oct 2012, 01:46 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Commodities Articles
More Latest Articles »