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The company blamed unfavourable market conditions and reduced demand for its decision.
Thompson Creek is undertaking a review of adjustments to its production plans. It currently anticipates total molybdenum production of 20 to 24 million pounds in 2009, compared with the previous plans for 31.5 to 34 million pounds.
Kevin Loughrey, chairman and chief executive officer, said that the company is planning a temporary shutdown in mining activity for around a month during the summer, at both the Thompson Creek and Endako mines. Other production changes are also under consideration.
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