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Glencore to Shut Australian Copper Mines With Smelter on Brink
Glencore to Shut Australian Copper Mines With Smelter on Brink

Bloomberg

time11 hours ago

  • Business
  • Bloomberg

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. A shutdown of the mines — which have been operating for more than six decades — would end Glencore's upstream copper operations in Australia, according to a spokesperson. The company announced the plan in October 2023 following a review that found they were no longer viable given declining ore grades.

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