Glencore's Final Australian Copper Mines to Shut Down – What’s Next for the Mount Isa Smelter?

Glencore: state govt offer not enough as looming Mount Isa shutdown

Queensland's Mount Isa smelter demands federal intervention as Glencore faces a $2 billion loss. Time is running out for a solution.

Glencore's Final Australian Copper Mines to Shut Down – What’s Next for the Mount Isa Smelter?

Glencore (LSE:GLEN,OTC Pink:GLCNF) is preparing to shut down its final two Australian copper mines next week, ending more than six decades of upstream operations in Queensland. The closure of the underground Enterprise and X41 mines in Mount Isa comes as uncertainty grows over the future of the adjacent copper smelter, which the company says could also be shut down without urgent government support.The Swiss commodities giant first announced its…