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AFR reporting that"...copper mining operations in Mount Isa will close by the end of 2025 - which will result in the loss of about 1000 jobs - but it will keep its refinery and smelters open in Queensland."Glencore on Tuesday will announce its three underground copper mines in Mt Isa will be closed by the second half of 2025."It is understood the mines are reaching the end of their natural life and the copper grade had become much lower which forced the decision."But in a bid to allay local concerns, Glencore will confirm it will keep its copper smelter in Mt Isa and refinery in Townsville open, with enough third-party work to keep them profitable."There will also be no change to its zinc operations in Mt Isa.
AFR reporting that
"...copper mining operations in Mount Isa will close by the end of 2025 - which will result in the loss of about 1000 jobs - but it will keep its refinery and smelters open in Queensland.
"Glencore on Tuesday will announce its three underground copper mines in Mt Isa will be closed by the second half of 2025.
"It is understood the mines are reaching the end of their natural life and the copper grade had become much lower which forced the decision.
"But in a bid to allay local concerns, Glencore will confirm it will keep its copper smelter in Mt Isa and refinery in Townsville open, with enough third-party work to keep them profitable.
"There will also be no change to its zinc operations in Mt Isa.
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