Glencore PLC is preparing to close its last two copper mines in the Australian state of Queensland next week.
with the closure of mines on Mount Isa, who worked for more than 60 years, the company will complete the mining of copper in Australia. Glencore also considers the question of closing the metallurgical complex in Queensland.
the company announced plans to close Mount Isa mines in October 2023 after the analysis, which showed that their further operation became economically inappropriate due to a decrease in the metal content in ore.
Glencore is trying to get financial support from Governments of the state and the federal government to maintain a metallurgical plant, which could process ore from third -party suppliers, as well as copper production in Townsville (Queensland).
Despite optimism
