Job cuts at Mor­ri­son Mine

The Sudbury Star - - NEWS -

Re­ports say Pol­ish min­ing com­pany KGHM is cut­ting 22 jobs from its Mor­ri­son Mine op­er­a­tion in Le­vack. Com­pany and union of­fi­cials say the lay­offs are due to low min­eral prices. The work­ers are rep­re­sented by Steelworkers Lo­cal 2020. Nickel prices have been up and down over the past year, touch­ing US$7 a pound about six months ago, be­fore drop­ping to be­low $5 a pound at times in re­cent months. On Fri­day, it was sell­ing for about $5.1 a pound. An­a­lysts are pre­dict­ing stronger nickel, cop­per and other metal prices due to in­creased de­mand for elec­tric ve­hi­cles. Those met­als are im­por­tant com­po­nents in the bat­ter­ies that power elec­tric ve­hi­cles. KGHM has a num­ber of Sud­bury op­er­a­tions, in­clud­ing McCreedy West Mine and the Vic­to­ria Mine project.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.