December 24 has been set as the closing day for one of Canada’s underground operations, the Grande Cache met mine west of Edmonton, Alberta.
About 220 have already received termination notices; GCC President and CEO Max Wang cited “uncertainties of the continuously deteriorating global coal market” for its decision to cut costs and, thus, staff. He also called the idling a “temporary suspension,” citing “unfavorable construction timing” for the company’s new mine, though no timelines were outlined.
