The future of this major outback hub hangs in the balance as the multinational announces it will shut down one of the country's biggest copper mines.
Glencore has announced it will close all copper mining operations at its Mount Isa mine — one of the biggest copper mines in the country.The Mount Isa copper mine is one of the biggest underground mines in the worldThe multinational broke the news to employees this morning that all copper mining at the site will cease in 2025.
The region is home to dozens of smaller mines that use Glencore's smelters in Mount Isa, while concentrate from interstate and overseas is also processed at the smelters. Glencore's Lady Loretta zinc mine, a fly-in, fly-out operation 140 kilometres north-west of Mount Isa, will also close in 2025.Chief operating officer of Glencore's zinc assets in Australia, Sam Strohmayr, said that after 60 years of copper mining, the Mount Isa copper operation has reached its end.
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