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Australia

Copper smelter rescue talks approach melting point

24 July 2025 14:56 | News

He claims that a state government will close a copper izabe facility that employs hundreds of people.

Queensland Treasurer David Janetzki told the Minersland Glencore and the federal government to keep the copper izabe and refinery in the northwest of the state, as the company claimed that the company could lose $ 2.2 billion in the next seven years.

Glencore insists that he urgently need a government aid to continue to work, but the Queensland government argues that he has made a “real and responsible” offer to support the business and get thousands of jobs.

“The Federal Government and Glencore would have been a national shame if it wasn’t on the table to negotiate here,” he said to journalists in MT Isa on Thursday.

Treasurer David Janetzki said Queensland received a fair share to maintain Glencore’s operation. (Darren UK/AAP Photos)

In 2023, when Glencore announced that Glencore announced that it would close the copper mining operations in the Northwest 60 years later, a 50 million dollar support package.

The package was announced with the expectation that Glencore will match the offer.

However, the last proposal of the liberal national government continues to be “hidden için because it looks at the mining giant and the federal government to solve the agreement.

“Queensland made a fair share here, Janet Janetzki said.

Glencore workers
A leaked note shows that Glencore can get Northwest Queensland operations without supporting. (Andrew Rankin/AAP Photos)

A leaked note on Wednesday revealed that Glencore believes that he could no longer suck millions of dollars losses and need a solution in the coming weeks.

Imiz We’re running out of time, ”he said.

Glencore, if enough government support does not receive, MT Isa Smelter and Townsville refinery will start preparations to place care and care.

When asked on Thursday, Mr. Janetzki said that other mining companies were interested in taking over the izabe and refinery, saying that a series of secret discussions were continuing.

Isa Mountain
Isa Mountain Mayor says it is time for parties to enter a room and negotiate a solution. (Dan PELED/AAP Photos)

MT ISA Mayor Peta Macrae agreed to take any other company to continue running, but in the short term it was up to the government to keep the livelihood of 17,000 workers alive.

“We do not think that the state or the feds have an appetite to collapse the Northern Queensland economy, so we hope that everyone will enter a room and find a solution,” he said.

The Federal Coalition called on Wednesday to the metals manufacturing industry on Wednesday, saying that thousands of jobs could be lost in Queensland if Glencore is not supported.

Glencore employs approximately 600 workers in Australia and refinery, and 17,000 staff in 25 other operations throughout Australia.


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