Glencore seeks Australian government bailout for local copper assets

Anglo-Swiss commodities giant Glencore said that it has approached both Queensland's and the Federal Government of Australia about the future of its Mount Isa copper smelter and Townville copper refinery assets. In October 2023, Glencore first …

Glencore and WA Government at odds over nickel future with Murrin Murrin mine facing royalty pain

Glencore reinforces commitment to Queensland mining

Glencore has reaffirmed its long-term commitment to Queensland mining, working to redeploy workers from its soon-to-close Mt Isa underground copper mine. The company has invested $1.8 billion in its Queensland metals business over the past five years and …

Glencore asks Australian Government to bail out local copper assets

Anglo-Swiss commodities company Glencore has said it has spoken to both Queensland and the Federal Government of Australia regarding the future of the Mount Isa Copper Smelter and Townville Copper Refinery assets. Glencore announced in October 2023 that …

Glencore ‘not going anywhere’ after Mt Isa sunset

Workers form the soon-to-close Mt Isa underground copper mine in Queensland are being redeployed as part of Glencore’s firm commitment to remaining a key player in the state. The second largest copper producer in Australia, the Mount Isa copper mine has …

Glencore promotes new compliance head

Nicola Leigh, the commodities trader’s current deputy company secretary, will take over on 1 May after her predecessor left last week, GIR has learned.  Register for limited access Register to receive our newsletter and gain limited access to subscriber …

Katter blasts Glencore as Mount Isa copper mine closure confirmed for July

Mr Katter said it also triggered thousands of job losses across the broader supply chain, affecting smelting, refining, freight, and fertiliser production industries that depend on Mount Isa's copper operations.

As copper prices surge, Glencore shares are a steal at 270p

Image source: Getty Images The Glencore (LSE: GLEN) share price has had a torrid time as of late. So far this year it’s lost a quarter of its value and is down 40% in a year. Tariffs might be hitting global stock markets, but I think most investors are …

Chandra Asri and Glencore complete acquisition of shell's interest in Singapore energy and chemicals park

Glencore seeks taxpayer bailout for Queensland copper smelter and refinery

Glencore has demanded a government handout for its struggling Mt Isa copper smelter and Townsville copper refinery, making it the latest global company seeking a bailout following a rescue of the Whyalla steelworks. Sam Strohmayr, Glencore’s local chief …