Glencore to Shut Australian Copper Mines With Smelter on Brink

Copper smelter rescue talks approach melting point

Closure of a copper smelter and refinery would be a "national disgrace" says a treasurer calling for their operator and federal government to come to the table.

Mining Giant Calls for Government Support Amid Flood of Cheap Chinese Copper

One of the world’s largest natural resources companies is calling for a government lifeline as Chinese domination of the market forces the possible closure of two Queensland facilities. The Swiss-owned Glencore’s Mount Isa copper smelter and Townsville refinery employ around 600 workers but are losing money due to an increase in volume from international smelters and refineries, particularly in China, leading to a global oversupply of smelter ca…

Glencore to Shut Australian Copper Mines With Smelter on Brink

Glencore Plc is on track to close its last two copper mines in Mt Isa, Queensland, next week, ahead of a decision on whether to also shutter a smelter at the same complex, and an associated refinery in a coastal town.

Government must take a stake in and control of Mt Isa Smelter: Katter - www.cairnsnews.org

On the first day of sitting, Kennedy MP Bob Katter met with the new Minister for Industry and Innovation, Senator Tim Ayres, and his department head to develop a rescue package for Mount Isa, which provides mining sector reforms and ensures taxpayer funds won’t be used to bail out the international mining giant Glencore. “Let […] The post Government must take a stake in and control of Mt Isa Smelter: Katter appeared first on www.cairnsnews.org.

Glencore workers brace for Mount Isa layoffs – The Northern Miner

Glencore (LSE: GLEN) is set to shut its final two copper mines in Mount Isa, Queensland, next week, ending more than six decades of operations and marking the company’s exit...

Glencore to shutter final Australian copper mines

GLENCORE will close its final two copper mines in Queensland’s Mt Isa next week, ending more than 60 years of upstream operations after deeming them unviable due to deteriorating ore quality, said Bloomberg News on Wednesday. The mining giant announced the shutdowns in October 2023 following a comprehensive review. However, the fate of an associated smelter and Townsville refinery remains uncertain, with Glencore seeking government support to ma…