{"id":8474,"date":"2023-10-19T08:04:43","date_gmt":"2023-10-18T21:04:43","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8474"},"modified":"2023-10-20T08:05:35","modified_gmt":"2023-10-19T21:05:35","slug":"glencore-to-close-mount-isa","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/10\/19\/glencore-to-close-mount-isa\/","title":{"rendered":"Glencore to close Mount Isa"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" height=\"50\" width=\"50\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/62df330bfb9120a09053fca176edce0b?s=100&amp;d=mm&amp;r=g 2x\" src=\"https:\/\/secure.gravatar.com\/avatar\/62df330bfb9120a09053fca176edce0b?s=50&amp;d=mm&amp;r=g\" alt=\"\"><a href=\"https:\/\/www.australianmining.com.au\/author\/kelsie-harford\/\">KELSIE HARFORD<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.australianmining.com.au\/wp-content\/uploads\/2023\/08\/%C2%A9ttlgs0002819-0317-2048x1363-1-1024x682.jpg\" alt=\"Glencore Mount Isa\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Glencore&nbsp;<a href=\"https:\/\/www.glencore.com.au\/operations-and-projects\/qld-metals\/media-and-insights\/news\/mount-isa-mines-operational-changes\" target=\"_blank\" rel=\"noreferrer noopener\">has announced plans<\/a>&nbsp;to close its Mount Isa copper operations in Queensland by the end of 2025, but said it will keep its other metal assets open.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Operating for over 60 years, the company\u2019s copper mine life has already been extended six years past its original life expectancy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All three copper mines at the Mount Isa operation \u2013 Enterprise, X41 and Black Rock \u2013 are set to close, as well as the company\u2019s copper concentrator.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other Mount Isa mines and operations will remain open, including the copper smelter, the George Fisher mine, the zinc-lead concentrator, the lead smelter in Mount Isa, as well as the copper refinery in Townsville.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Glencore said it has conducted a range of studies and reviews seeking to further extend the life of the underground copper mines, but the end of mine life has been confirmed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Glencore\u2019s Lady Loretta zinc mine, located 140km north-west of Mount Isa, which was a finite orebody with a seven-year mine life, will also close in 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe know this decision will be disappointing for our people, our suppliers, and the Mount Isa community,\u201d&nbsp;<a href=\"https:\/\/www.australianmining.com.au\/glencore-funding-for-kns-cools-off\/\" target=\"_blank\" rel=\"noreferrer noopener\">Glencore<\/a>&nbsp;Australia zinc asset chief operating officer Sam Strohmayr said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe reality of mining is that mines have a beginning, middle and end. And unfortunately, after 60\u202fyears of operation, Mount Isa\u2019s underground copper operations have now reached that end.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe want to give our people as much time as possible to consider the best options for them and their families, which is why we are notifying our workers and the community almost two years before these mines close.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur focus over the coming months will be to work closely with our people and contractors, our suppliers, and the Mount Isa community to provide support as we move towards closure of these assets.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Glencore\u2019s Mount Isa underground copper mines, copper concentrator and supporting services currently employ around 1200 people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KELSIE HARFORD Glencore&nbsp;has announced plans&nbsp;to close its Mount Isa copper operations in Queensland by the end of 2025, but said it will keep its other metal assets open. Operating for over 60 years, the company\u2019s copper mine life has already been extended six years past its original life expectancy. All three copper mines at the &hellip; <a href=\"https:\/\/yinghuiinternational.com\/index.php\/2023\/10\/19\/glencore-to-close-mount-isa\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glencore to close Mount Isa&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[37,6,7],"tags":[],"class_list":["post-8474","post","type-post","status-publish","format-standard","hentry","category-clients","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2cG","jetpack-related-posts":[{"id":8365,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/08\/14\/glencore-shows-off-mt-isa-assets\/","url_meta":{"origin":8474,"position":0},"title":"Glencore shows off Mt Isa assets","author":"yinghui","date":"August 14, 2023","format":false,"excerpt":"ALEXANDRA EASTWOOD Glencore Queensland Metals mines zinc and copper in the Mt Isa region. Image: Glencore Australian Prime Minister Anthony Albanese has visited Glencore\u2019s Mount Isa mines to discuss the importance of metals and minerals. The Mt Isa copper-zinc mines are located in Mount Isa, Queensland, and are home to\u2026","rel":"","context":"In &quot;Gold and Copper&quot;","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"Resources communities","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/09\/%C2%A9ttlgs0002819-0317-1024x682.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/09\/%C2%A9ttlgs0002819-0317-1024x682.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/09\/%C2%A9ttlgs0002819-0317-1024x682.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/09\/%C2%A9ttlgs0002819-0317-1024x682.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8543,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/03\/22\/mount-isa-mines-levels-up-renewables\/","url_meta":{"origin":8474,"position":1},"title":"Mount Isa Mines levels up renewables","author":"yinghui","date":"March 22, 2024","format":false,"excerpt":"OLIVIA THOMSON APA solar farm at Mount Isa, Queensland. Image: Glencore. Glencore\u2019s Mount Isa Mines operation is set to source 20 per cent of its long-term electricity needs from APA Group\u2019s new solar farm in Mica Creek, Queensland. Under a 15-year agreement, Mount Isa Mines can use up to 50\u2026","rel":"","context":"In &quot;Clients&quot;","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/03\/APA__Solar_Farm_Jul_2023_031-1024x683.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/03\/APA__Solar_Farm_Jul_2023_031-1024x683.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/03\/APA__Solar_Farm_Jul_2023_031-1024x683.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/03\/APA__Solar_Farm_Jul_2023_031-1024x683.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8237,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/06\/20\/glencore-closes-sale-for-cobar-copper-mine\/","url_meta":{"origin":8474,"position":2},"title":"Glencore closes sale for Cobar copper mine","author":"yinghui","date":"June 20, 2023","format":false,"excerpt":"ALEXANDRA EASTWOOD After\u00a0selling\u00a0its CSA copper mine in Cobar, New South Wales, to Metals Acquisition Corp (MAC) for $US1.1 billion ($1.64 billion) earlier this month, Glencore and MAC have officially closed the sale. Under the transaction, Glencore has received $US775 million in cash and $US100 million in shares, along with: $US75\u2026","rel":"","context":"In &quot;Gold and Copper&quot;","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-20-at-8.32.11-am-1024x511.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-20-at-8.32.11-am-1024x511.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-20-at-8.32.11-am-1024x511.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-20-at-8.32.11-am-1024x511.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8235,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/06\/07\/glencore-sells-copper-mine-for-us1-1-billion\/","url_meta":{"origin":8474,"position":3},"title":"Glencore sells copper mine for $US1.1 billion","author":"yinghui","date":"June 7, 2023","format":false,"excerpt":"ALEXANDRA EASTWOOD Image: Glencore CSA Mine Coal miner Glencore will sell its CSA copper mine in Cobar, New South Wales, to Metals Acquisition Corp (MAC) for $US1.1 billion ($1.64 billion). CSA is an established, high-grade producing, long-life underground copper mine with an estimated current mine life of over 15 years,\u2026","rel":"","context":"In &quot;Clients&quot;","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"Glencore","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/03\/CSA-mine-1024x684.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/03\/CSA-mine-1024x684.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/03\/CSA-mine-1024x684.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/03\/CSA-mine-1024x684.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":1646,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/13\/bids-begin-for-glencore-coal-rail-assets\/","url_meta":{"origin":8474,"position":4},"title":"Bids begin for Glencore coal rail assets","author":"yinghui","date":"July 13, 2016","format":false,"excerpt":"Initial bids for Glencore\u2019s Hunter Valley rolling stock and haulage assets are rolling in. Three major logistics companies \u2013 Aurizon, Pacific National, and Genesee Wyoming \u2013 are understood to have begun placing bids for the assets earlier this week, according to the AFR. While a price is yet to be\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"glencore_5.JPG","src":"https:\/\/i0.wp.com\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/04\/06050452\/glencore_5-604x270.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/04\/06050452\/glencore_5-604x270.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/04\/06050452\/glencore_5-604x270.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":611,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/11\/27\/glencore-and-peabody-to-merge-hunter-valley-coal-mines\/","url_meta":{"origin":8474,"position":5},"title":"Glencore and Peabody to merge Hunter Valley coal mines","author":"yinghui","date":"November 27, 2014","format":false,"excerpt":"Glencore and Peabody Energy have agreed to jointly manage the nearby Wambo and United coal mines in the Hunter Valley, the first joint venture of its kind in the region. The 50-50 joint venture will combine Wambo's open cut mining operations with United's adjacent reserves and is expected to kick\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"wambo_300","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2014\/11\/wambo_300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=8474"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8474\/revisions"}],"predecessor-version":[{"id":8475,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8474\/revisions\/8475"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=8474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=8474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=8474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}