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.

http://www.miningnewspro.com/en/News/627542/Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs