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Gold/Mining/Energy : Copper - analysis

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To: NOW who wrote (323)	7/3/2001 11:56:53 AM
From: Stephen O	Read Replies (1) of 2131

Imperial M: Suspension of Operations at Mount Polley 2001-07-03 00:01 (New York) IMPERIAL METALS CORP ("IPM-T") - Suspension of Operations at Mount Polley Imperial Metals Corporation announces that mining and milling operations at the Mount Polley copper/gold mine will be suspended on September 30, 2001. The decision to suspend is the result of continuing low copper and gold prices. Orderly shutdown procedures will be followed and the mine will be maintained on standby pending an improvement in metal prices. Mount Polley directly employs some 240 people and provides indirect employment for many others. Most of these jobs will be affected by the suspension. Mount Polley is located in central British Columbia approximately 60 kilometers northeast of Williams Lake. TEL: (604) 669-8959 Pierre Lebel, President or Brian Kynoch, Chief Operating Officer Imperial Metals Corporation Website: www.imperialmetals.com

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