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Good morning,
Further on the Mount isa development published via New Corp Media outlets:

After 60 years of mining, Glencore's Mount Isa Mines underground copper operations will close in the second half of 2025, impacting 1200 jobs. Glencore’s Lady Loretta zinc mine, located 140 kilometres north-west of Mount Isa, which was a finite orebody with a seven-year mine life will also close in 2025. 

Studies and reviews seeking to further extend the life of the underground copper mines have been unsuccessful, and they have reached the end of mine life, the group said. Mount Isa Mines’ other metals assets including the copper smelter, George Fisher Mine, zinc-lead concentrator, and lead smelter in Mount Isa, as well as the copper refinery in Townsville, will all continue operating. Glencore's George Fisher Mine has a current life of mine to 2036 and expectations are for the copper smelter and refinery to continue operating to 2030, subject to approval of additional capital investment. Sam Strohmayr, chief operating officer of Glencore’s zinc assets in Australia, said: “We know this decision will be disappointing for our people, our suppliers, and the Mount Isa community." He said it is too early to put a figure on how many people may receive redundancies until Glencore discusses options around retention, redeployment, and retraining. "Redundancies are the last resort and will be offered only when other options have been exhausted.”

The world of big business.

Kind regards
rcw1

<blockquote data-quote="rcw1" data-source="post: 1247868" data-attributes="member: 86427">Good morning,Further on the Mount isa development published via New Corp Media outlets:After 60 years of mining, Glencore&#039;s Mount Isa Mines underground copper operations will close in the second half of 2025, impacting 1200 jobs. Glencore’s Lady Loretta zinc mine, located 140 kilometres north-west of Mount Isa, which was a finite orebody with a seven-year mine life will also close in 2025.  Studies and reviews seeking to further extend the life of the underground copper mines have been unsuccessful, and they have reached the end of mine life, the group said.&nbsp; Mount Isa Mines’ other metals assets including the copper smelter, George Fisher Mine, zinc-lead concentrator, and lead smelter in Mount Isa, as well as the copper refinery in Townsville, will all continue operating. Glencore&#039;s George Fisher Mine has a current life of mine to 2036 and expectations are for the copper smelter and refinery to continue operating to 2030, subject to approval of additional capital investment. Sam Strohmayr, chief operating officer of Glencore’s zinc assets in Australia, said: “We know this decision will be disappointing for our people, our suppliers, and the Mount Isa community.&quot; He said it is too early to put a figure on how many people may receive redundancies until Glencore discusses options around retention, redeployment, and retraining. &quot;Redundancies are the last resort and will be offered only when other options have been exhausted.”The world of big business.&nbsp; Kind regardsrcw1</blockquote>

[QUOTE="rcw1, post: 1247868, member: 86427"] Good morning, Further on the Mount isa development published via New Corp Media outlets: After 60 years of mining, Glencore's Mount Isa Mines underground copper operations will close in the second half of 2025, impacting 1200 jobs. Glencore’s Lady Loretta zinc mine, located 140 kilometres north-west of Mount Isa, which was a finite orebody with a seven-year mine life will also close in 2025.  Studies and reviews seeking to further extend the life of the underground copper mines have been unsuccessful, and they have reached the end of mine life, the group said. Mount Isa Mines’ other metals assets including the copper smelter, George Fisher Mine, zinc-lead concentrator, and lead smelter in Mount Isa, as well as the copper refinery in Townsville, will all continue operating. Glencore's George Fisher Mine has a current life of mine to 2036 and expectations are for the copper smelter and refinery to continue operating to 2030, subject to approval of additional capital investment. Sam Strohmayr, chief operating officer of Glencore’s zinc assets in Australia, said: “We know this decision will be disappointing for our people, our suppliers, and the Mount Isa community." He said it is too early to put a figure on how many people may receive redundancies until Glencore discusses options around retention, redeployment, and retraining. "Redundancies are the last resort and will be offered only when other options have been exhausted.” [I]The world of big business.[/I] Kind regards rcw1 [/QUOTE]

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