https://newsletter.mw.creamermedia.com
Copper|Energy|Financial|Projects|Refinery|Underground
Copper|Energy|Financial|Projects|Refinery|Underground
copper|energy|financial|projects|refinery|underground

Glencore to shut Mount Isa copper mines by 2025, cut 1 000 jobs - AFR

17th October 2023

By: Reuters

  

Font size: - +

Miner and trader Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1 000 jobs, newspaper Australian Financial Review reported on Tuesday.

The company, however, will keep its refinery and smelters open in Central Queensland, according to the report.

Glencore declined to comment.

Global miners are grappling with soaring costs for projects amid economic uncertainty. Copper producers are now seeking to spread the soaring cost of new projects for the metal key to the energy transition.

Mount Isa Mines is the second-largest copper producer in Australia, according to Glencore's website.

Edited by Reuters

Comments

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/01/2025)
17th January 2025 By: Martin Creamer
Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.809 1.901s - 348pq - 2rq
Subscribe Now