Copying and distributing are prohibited without permission of the publisher

(AMM) CAW seeks probe of Xstrata plan to shut its Kidd facility

February 08, 2010 - 18:18 GMT Location: New York

KEYWORDS: CAW , Canadian Auto Workers , Xstrata , Kidd Metallurgical , copper , zinc

The Canadian Auto Workers (CAW) union has requested that the federal and provincial governments investigate Xstrata Plc?s rationale behind the planned May 1 closure of the Kidd Metallurgical Site in Timmins, Ontario.

The general environment for commodities is improving, so closing the copper and zinc plant, which Xstrata acquired from Falconbridge Ltd. in 2006, is "wholly unnecessary," a CAW official said.

In December, Xstrata said it would write down the value of its Kidd Metallurgical Site by $375 million, with about 670 workers due to lose their jobs when the facility shuts.

If Xstrata no longer wants to run the facility then it should be forced...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Copper

May 17, 2012 03:30 LME ASIAN WRAP: Copper price edges up in tight range as dollar index slides
May 17, 2012 00:24 US metals production, utilization rates increase in April
May 16, 2012 17:59 CLOSE TO CLOSE: Copper price dwindles in LME kerb
May 16, 2012 15:52 Baja Mining facing liquidity crisis
May 16, 2012 15:34 OBITUARY: Michael Warren

Comment & analysis

COMMENT: Keep calm and carry on?

The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?
TREVOR TARRING: The baby and the bathwater

“Don’t throw out the baby with the bathwater” is a well-known adage.
MAN OF STEEL: The only way is down

Bleak news wherever we look. We see examples of low prices for all steel products being achieved in China, India, Brazil, the USA and Europe. The Russian market is weak and the CIS mills are now eyeing all export markets to get rid of serious tonnage.