Business
Glencore tags $355m to extend life of Australian copper assets – MINING.com
Mount Isa Mines’ copper smelter and the Townsville copper refinery will continue to operate for another three years.
The undisclosed amount is intended to help Glencore mitigate the negative costs of keeping the assets running, the company said. Both, the copper smelter in Mount Isa and the refinery in Townsville, have high fixed costs and struggle to compete internationally, Glencore noted.
The support package will allow for the bricks lining the Mount Isa smelter in the north west of the state to be replaced late next year, a process that occurs every four years.
The governments backing also secures the st…
-
Noosa News11 hours agoTeenage girl killed in alleged hit-and-run at Margate north of Brisbane
-
Noosa News9 hours agoTeenage girl dies in hit-and-run, police hunt for ute
-
Noosa News23 hours agoNRL legend Trevor Gillmeister charged with assaulting police officer at Brisbane pub
-
Noosa News4 hours ago‘Beyond devastated’ Brisbane family learn missing German shepherd Arnie found dead in back of stolen car