- Write by:
-
Tuesday, October 17, 2023 - 22:26:35
-
141 Visit
-
Print
Mining News Pro - 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.
Short Link:
https://www.miningnews.ir/En/News/627520
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Mining company Vale expects to reach a final agreement with authorities for reparations for the collapse of the Samarco ...
Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), ...
No comments have been posted yet ...