Thompson Creek Metals Co Inc
(NYSE: TC)
3.19
+0.09
+2.90%
+0.09
+2.90%
MORE ON TC
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Thompson Creek Metals Company Inc. |
| Industry: | Industrial Metals & Minerals |
| Employees: | 1,000 |
DESCRIPTION
| Thompson Creek Metals Company Inc., is a diversified North American mining company. It is a molybdenum supplier to the steel and chemicals sectors. It also has substantial copper and gold reserves. The Company’s principal operating properties are the Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho , the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia and the Langeloth metallurgical facility in Pennsylvania. The Company has three reportable segments: US Operations Molybdenum, Canadian Operations Molybdenum and Copper-Gold . The US Operations Molybdenum segment includes all mining, milling, mine site administration, roasting and sale of molybdenum products from the TC Mine and the Langeloth Facility, as well as all roasting and sales of third-party purchased material. The Canadian Operations Molybdenum segment includes all mining, milling, mine site administration, roasting and sale of molybdenum products from the 75% owned Endako Mine. The Copper-Gold segment includes all development expenditures and development site administration from Mt. Milligan. It currently sources molybdenum from its two primary mines and from concentrates purchased from third-party by-product copper production. Its principal products are molybdic oxide and ferromolybdenum. These two commodity products account for approximately 70% of its sales. Other products it produces include high soluble technical oxide, pure molybdenum tri-oxide and high purity molybdenum disulfide. Its mining and exploration activities are subject to extensive federal, provincial, state and local laws, regulations and permits governing the protection of the environment. The Company’s mining operations require significant energy, principally electricity, diesel, coal and natural gas. The Company competes in a commodity market priced globally, with little price differentiation based on product quality, provided a minimum standard is met, nor is there any significant differentiation based on freight. |
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