
Smelter owners urged to put more on the table
Glencore has warned staff it would put its Mt Isa copper smelter and Townsville refinery into care in far north Queensland unless it received government assistance to keep operating.
Industry Minister Tim Ayres confirmed the federal government is not ruling anything out in potential lifelines to keep the smelter afloat.
"We want to make sure that Glencore is making a contribution and investing in the future of this facility," he told ABC Radio on Friday.
"We are absolutely at the table, absolutely engaged to understand what is the best future, sustainable, competitive business that can drive jobs and investment in north Queensland."
However, it seemed the ball remained firmly in Glencore's court after Prime Minister Anthony Albanese accused the mining giant of failing to come to the table despite federal and state governments working on a solution.
"Let's be clear about Glencore, though. It is a highly profitable company. Just this year, they paid $2.2 billion in dividends to their shareholders," he told parliament on Thursday.
"Australia has been good to Glencore. It's about time Glencore is good back to Australia.
"They should back the town that has backed them. That has helped build the wealth of their shareholders."
Queensland Deputy Premier Jarrod Bleijie backed the prime minister's call to action for the mining giant to contribute more to saving the 17,000 jobs in the state's far north.
"Glencore is not short of $1, I can assure you of that," he told reporters.
"We're asking Glencore to put more on the table, we have put a reasonable offer on the table."
The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs.
But there are fears the smelter and refinery could close as soon as September, with Glencore predicting a $2.2 billion loss over the next seven years.
Glencore said it needs to know as soon as possible if there will be a state and federal government deal to financially support the business.
A delegation, including Katter's Australian Party and Townsville Enterprise, went to Canberra on Thursday to lobby the federal government to support the smelter.
A Glencore smelter employee was among those calling for support for the business that has long propped up the regional community.
"This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," smelter employee Cameron Gibson said.
Mining giant Glencore is being pressured to step up and save an ailing smelter as the federal government says it has not ruled out a lifeline to save thousands of jobs.
Glencore has warned staff it would put its Mt Isa copper smelter and Townsville refinery into care in far north Queensland unless it received government assistance to keep operating.
Industry Minister Tim Ayres confirmed the federal government is not ruling anything out in potential lifelines to keep the smelter afloat.
"We want to make sure that Glencore is making a contribution and investing in the future of this facility," he told ABC Radio on Friday.
"We are absolutely at the table, absolutely engaged to understand what is the best future, sustainable, competitive business that can drive jobs and investment in north Queensland."
However, it seemed the ball remained firmly in Glencore's court after Prime Minister Anthony Albanese accused the mining giant of failing to come to the table despite federal and state governments working on a solution.
"Let's be clear about Glencore, though. It is a highly profitable company. Just this year, they paid $2.2 billion in dividends to their shareholders," he told parliament on Thursday.
"Australia has been good to Glencore. It's about time Glencore is good back to Australia.
"They should back the town that has backed them. That has helped build the wealth of their shareholders."
Queensland Deputy Premier Jarrod Bleijie backed the prime minister's call to action for the mining giant to contribute more to saving the 17,000 jobs in the state's far north.
"Glencore is not short of $1, I can assure you of that," he told reporters.
"We're asking Glencore to put more on the table, we have put a reasonable offer on the table."
The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs.
But there are fears the smelter and refinery could close as soon as September, with Glencore predicting a $2.2 billion loss over the next seven years.
Glencore said it needs to know as soon as possible if there will be a state and federal government deal to financially support the business.
A delegation, including Katter's Australian Party and Townsville Enterprise, went to Canberra on Thursday to lobby the federal government to support the smelter.
A Glencore smelter employee was among those calling for support for the business that has long propped up the regional community.
"This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," smelter employee Cameron Gibson said.
Mining giant Glencore is being pressured to step up and save an ailing smelter as the federal government says it has not ruled out a lifeline to save thousands of jobs.
Glencore has warned staff it would put its Mt Isa copper smelter and Townsville refinery into care in far north Queensland unless it received government assistance to keep operating.
Industry Minister Tim Ayres confirmed the federal government is not ruling anything out in potential lifelines to keep the smelter afloat.
"We want to make sure that Glencore is making a contribution and investing in the future of this facility," he told ABC Radio on Friday.
"We are absolutely at the table, absolutely engaged to understand what is the best future, sustainable, competitive business that can drive jobs and investment in north Queensland."
However, it seemed the ball remained firmly in Glencore's court after Prime Minister Anthony Albanese accused the mining giant of failing to come to the table despite federal and state governments working on a solution.
"Let's be clear about Glencore, though. It is a highly profitable company. Just this year, they paid $2.2 billion in dividends to their shareholders," he told parliament on Thursday.
"Australia has been good to Glencore. It's about time Glencore is good back to Australia.
"They should back the town that has backed them. That has helped build the wealth of their shareholders."
Queensland Deputy Premier Jarrod Bleijie backed the prime minister's call to action for the mining giant to contribute more to saving the 17,000 jobs in the state's far north.
"Glencore is not short of $1, I can assure you of that," he told reporters.
"We're asking Glencore to put more on the table, we have put a reasonable offer on the table."
The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs.
But there are fears the smelter and refinery could close as soon as September, with Glencore predicting a $2.2 billion loss over the next seven years.
Glencore said it needs to know as soon as possible if there will be a state and federal government deal to financially support the business.
A delegation, including Katter's Australian Party and Townsville Enterprise, went to Canberra on Thursday to lobby the federal government to support the smelter.
A Glencore smelter employee was among those calling for support for the business that has long propped up the regional community.
"This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," smelter employee Cameron Gibson said.
Mining giant Glencore is being pressured to step up and save an ailing smelter as the federal government says it has not ruled out a lifeline to save thousands of jobs.
Glencore has warned staff it would put its Mt Isa copper smelter and Townsville refinery into care in far north Queensland unless it received government assistance to keep operating.
Industry Minister Tim Ayres confirmed the federal government is not ruling anything out in potential lifelines to keep the smelter afloat.
"We want to make sure that Glencore is making a contribution and investing in the future of this facility," he told ABC Radio on Friday.
"We are absolutely at the table, absolutely engaged to understand what is the best future, sustainable, competitive business that can drive jobs and investment in north Queensland."
However, it seemed the ball remained firmly in Glencore's court after Prime Minister Anthony Albanese accused the mining giant of failing to come to the table despite federal and state governments working on a solution.
"Let's be clear about Glencore, though. It is a highly profitable company. Just this year, they paid $2.2 billion in dividends to their shareholders," he told parliament on Thursday.
"Australia has been good to Glencore. It's about time Glencore is good back to Australia.
"They should back the town that has backed them. That has helped build the wealth of their shareholders."
Queensland Deputy Premier Jarrod Bleijie backed the prime minister's call to action for the mining giant to contribute more to saving the 17,000 jobs in the state's far north.
"Glencore is not short of $1, I can assure you of that," he told reporters.
"We're asking Glencore to put more on the table, we have put a reasonable offer on the table."
The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs.
But there are fears the smelter and refinery could close as soon as September, with Glencore predicting a $2.2 billion loss over the next seven years.
Glencore said it needs to know as soon as possible if there will be a state and federal government deal to financially support the business.
A delegation, including Katter's Australian Party and Townsville Enterprise, went to Canberra on Thursday to lobby the federal government to support the smelter.
A Glencore smelter employee was among those calling for support for the business that has long propped up the regional community.
"This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," smelter employee Cameron Gibson said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

ABC News
an hour ago
- ABC News
Warlpiri elder Ned Hargraves calls on PM to intervene in NT justice system
Warlpiri elder Ned Jampijinpa Hargraves has joined growing calls for federal intervention into law and justice policies in the Northern Territory, in a letter to Prime Minister Anthony Albanese. Speaking at the Garma Festival on Sunday, Mr Hargraves said his community of Yuendemu had "suffered a lot", and that new laws under the Country Liberal Party (CLP) government had "ripped the guts out of us". The outback town has suffered several traumatic losses in recent years — the police shooting death of Kumunjayi Walker devastated the community, and the death in custody of Mr Hargraves's 'jaja', or grandson, Kumunjayi White in Alice Springs earlier this year, adding to the hurt. Mr Hargraves today read out a letter he had written, addressed to the prime minister, urging him to intervene on the Northern Territory's Country Liberal Party's tough-on-crime agenda. "The NT government is acting from a criminal mindset — like an illegal occupying foreign power," he said, reading from the letter. Indigenous incarceration rates have worsened significantly under laws and bail reforms introduced over the past year of CLP governance, with more youth laws introduced in the past week. Mr Hargraves said the CLP's policies were archaic, "like something from the 50s or 60s". "The CLP government proudly announces that even more of our people will be jailed," he said. "They are using their power to destroy us, to take away our rights." Mr Hargraves said he wanted to turn things around for young Aboriginal Territorians, but was losing faith that it would happen. "Our children and their children's children cannot be living in fear." He said he wrote to Mr Albanese in June, but had not received a response. He said he hoped to speak with him at length at Garma, but was not afforded the opportunity, and so now planned to travel to Canberra to speak to him directly. "Take action now. Make history by demonstrating to the Australian public and the international community that you no longer support apartheid laws that continue to oppress First Nations people," he urged Mr Albanese. "I say to you, prime minister, you have got the power to turn this around and put a stop to it. "This is going too long, too far gone." Mr Hargraves also reiterated his calls for the police to release the CCTV footage of Kumunjayi White's death, and demanded that an independent investigation body be established to investigate Aboriginal deaths in custody. NT Police have previously ruled out the possibility of an independent inquiry. The NT's Minister for Aboriginal Affairs, Steve Edgington, told the ABC at Garma that his government's policies "aren't making things worse". "What we're trying to do is get on top of the issues that we're being faced with coming into government," he said. Asked about the over-representation of Indigenous people in prisons, and worsening Closing the Gap targets, Mr Edgington said there were several "systemic problems" at play. "Coming into government, our focus has been all about reducing crime, rebuilding the economy, and restoring that territory lifestyle," he said. "What we're focused on is improving housing, education, and trying to get those better health communities, but also empowering communities because we believe that decision making in those smaller communities is key to getting better outcomes across the board." Mr Hargraves is not alone in his criticism of the CLP's actions. Many First Nations leaders at Garma Festival this week have spoken out against the party's approach to crime reduction, following the Northern Australian Aboriginal Justice Agency's (NAAJA) calls for emergency intervention in June. The CLP government has remained steadfast in its agenda, justifying the incarceration of record numbers of First Nations people as part of its election promise to crack down on crime. The prime minister told crowds at Garma yesterday that "the privilege of government is the chance to serve this nation and to change it, to leave it for the better".

Sky News AU
3 hours ago
- Sky News AU
Lefties Losing It: Aussie Insta influencer encourages ‘incels' to kill Trump
Sky News host Rita Panahi slams Prime Minister Anthony Albanese's 'lack of judgment' for his 90-minute interview with Instagram influencer Abbie Chatfield earlier this year. Ms Panahi claims Ms Chatfield's latest encouragement to Americans to assassinate US President Donald Trump was 'not just deranged, it's evil'. 'The PM should disavow those comments, you can be sure that the Canberra press gallery would've demanded an explanation if a conservative politician had granted a lengthy interview to a podcaster who made vile comments like that,' Ms Panahi said. 'Anthony Albanese, he can't claim ignorance as a defence because Abbie Chatfield's extreme positions have long been clear, including her attitude towards the Jewish community. 'The prime minister should reflect on why he thought it was a good idea to bolster such a character, particularly at a time when the Jewish community is facing an unprecedented wave of antisemitism and anti-Israel hostility.'

Sky News AU
3 hours ago
- Sky News AU
Leading unions pressure government to bolster taxes and reform negative gearing in major blow to Anthony Albanese's productivity agenda
The Australian Council of Trade Unions has urged the government to make mammoth changes to numerous policies that would raise $25 billion per year in new taxes as Anthony Albanese's productivity agenda comes under threat. The government has come under fire in recent weeks for touting new taxes ahead of it's highly anticipated economic reform roundtable in late August, with the Coalition warning that fresh levies were not the right approach to lift the nations productivity slump. It was reported on Thursday that Treasurer Jim Chalmers was eyeing lifting the effective tax rate on Australia's 500 largest companies and reducing it for small businesses after the Productivity Commission proposed a new cashflow tax that would boost investment by up to $7.4 billion. The PC recommended the government cut the company tax rate for businesses with revenues under $1 billion while imposing a new 5 per cent net cashflow tax for all companies depending on how much they invest. It also called for a 20 per cent tax rate on profits for companies with annual revenues of up of to $1 billion. However, ACTU secretary Sally McManus urged the government to go a step further and make major reforms to negative gearing and capital gains tax and to further slap increased tax rates on family trusts and resources to alleviate the country's productivity woes. Ms McManus, who leads 38 unions, and 1.8 million workers said the government needed to pursue 'fair' redistribution of national wealth and that slashing regulation and red tape was not the answer. 'You can't address living standards without addressing housing affordability, so we are going to bring to the roundtable proposals that negative gearing and capital gains tax discounts and benefits should be limited to one investment property,' Ms McManus told The Australian. 'There should be attention paid to making sure that productivity gains are fairly distributed, just as much as we focus on an increasing the rate of productivity growth,' Representatives from the ACTU have received four of 24 invitations to the upcoming economic reform roundtable, with Ms McManus set to have a front row seat to productivity deliberations. She poured cold water on the Productivity Commission's claim that workers would score an estimated $14,000 a year if higher productivity expectations were met within the next decade and insisted that productivity gains needed to be shared equally. If negative gearing and the capital gains tax discount were limited to one property then this would generate $1.5 billion in savings and earnings. Ms McManus said the ACTU's proposal would exempt existing properties from being impacted by the new laws for five years. She also said on the ABC's Insiders program that the government needed to "bite the bullet' and that since 2019 'the problem has just got worse.' Nearly half of all Australian landlords had negatively geared properties according to Treasury's annual report released in December. She said that the government should no longer subsidise the ownership of numerous investment properties and that capital needed to flow throughout the economy and workforce equitably. The ACTU is also advocating for a significant shake-up of the resource and mining sector, including replacing the current petroleum resource rent tax with a 25 per cent export levy on revenues made from liquefied natural gas. Australia exported $65.2 billion in LNG in the 2024-25 financial year, and if applied a 25 per cent export levy would have collected $16.3 billion in tax as opposed to the $2 billion in revenue generated from the PRRT over the same period. The policy proposals will spark the ire of the housing and resources sector, who have not secured a spot at the upcoming roundtable. The ACTU will also implore the government to hike taxes for billionaires and family trusts with Ms McManus adding that the current taxation system needed a seismic overhaul centred on redistribution. 'We need to raise more revenue because if we want a living standards really good quality health system and education system and the NDIS, then you've got to make sure that you've got money to pay for it,' she said. If applied, the ACTU's tax proposals would generate $25 billion per year in fresh taxes, almost halving the governments forecasted deficits.