Glencore to Close Mount Isa Underground Copper Mines, Concentrator
17 Outubro 2023 - 10:53PM
Dow Jones News
By Rhiannon Hoyle
Swiss commodities giant Glencore said it will close the Mount
Isa Mines underground copper operations and copper concentrator in
Australia in the second half of 2025.
"Glencore has conducted a range of studies and reviews seeking
to further extend the life of the underground copper mines, but
unfortunately it has not been possible, and they have reached the
end of mine life," the company said in a statement on
Wednesday.
The underground copper operations have been running for roughly
six decades. The mines, concentrator and supporting services employ
about 1,200 people, Glencore said.
The company's Lady Loretta zinc mine, roughly 90 miles northwest
of Mount Isa, will also close in 2025, it said. That mine had "a
finite orebody with a seven-year mine life," said the company.
Glencore said Mount Isa Mines's other businesses including a
copper smelter, zinc-lead concentrator, lead smelter and the George
Fisher mine in Mount Isa, as well as a copper refinery in
Townsville, will continue to operate.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
October 17, 2023 21:38 ET (01:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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