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Trafigura’s Myra Falls Mine Faces Indefinite Shutdown Trafigura’s Myra Falls Mine Faces Indefinite Shutdown

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    Trafigura’s Myra Falls Mine Faces Indefinite Shutdown

It’s a tough pill to swallow for the employees and stakeholders of Trafigura’s Myra Falls Mine on Vancouver Island. General Manager Hein Frey’s announcement of the indefinite idling of the mine has sent ripples of uncertainty and concern. “We recognize that this decision will be difficult news for our employees and other stakeholders and is in no way a reflection of the hard work and commitment of our people in recent years,” said Frey. “Myra Falls Mine will now undergo a period of restructuring with the aim of returning to active operations in the future when market conditions allow.”

The history of Myra Falls Mine dates back to 1865, with the first claims staked in 1917, covering the outcrops of the Lynx, Myra, and Price deposits. Over the years, it has seen various ownership changes, from Western Mines to Brascan, Westmin Resources, and eventually, Nyrstar and Breakwater Resources. The project faced turbulent times during the financial meltdown of 2008 but managed to resume operations.

However, the rollercoaster ride continued as Nyrstar once again shuttered the operation in 2015 before restarting it in 2017. The project finally came under Trafigura Mining’s ownership in 2020 and operated until the recent decision to idle the mine indefinitely by its subsidiary Myra Falls Mining.