Tag: Glencore
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Gaza Ceasefire Near, Glencore Mt Isa Bailout Moves Ahead, Comey Pleads Not Guilty — Week in Review
Gaza ceasefire in sight as diplomacy intensifies International officials signaled that a Gaza ceasefire is “very close,” with U.S. diplomats stressing progress in talks aimed at reducing violence and restoring humanitarian access. While details remain delicate, observers say a framework for de-escalation could unlock a humanitarian corridor and provide a window for stalled humanitarian aid…
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Australia funds Glencore refinery lifeline to keep copper processing running
Background: why funds were needed Glencore’s Mount Isa Copper Smelter in Queensland and the adjacent Townsville Refinery faced a future in care-and-maintenance without government support. After months of negotiations and mounting losses, the company agreed to a multi-year rescue package that would keep the facilities online through 2028. The backing signals a strategic view by…
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Glencore bailout: Australian taxpayers fund Mount Isa copper operations
Overview: A government-backed lifeline for copper assets Australian taxpayers are providing a multi-year rescue package to Glencore to keep two critical copper processing facilities operational in Queensland: the Mount Isa Copper Smelter and the adjoining Townsville Refinery. The deal amounts to a $600 million bridging support from both federal and state governments, with a 50/50…
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Glencore Refinery Rescue: Australian Taxpayers Fund Multi‑Year Lifeline for Mount Isa and Townsville Assets
Overview of the Rescue Package Australia will subsidise Glencore’s copper processing operations in Queensland, providing a multi‑million‑dollar lifeline to keep the Mount Isa Copper Smelter and the adjoining Townsville Refinery running through 2028. The federal and Queensland governments confirmed a $600 million financial bridging package, with the funding split 50:50 between the Commonwealth and the…
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Precautions for Falconbridge Residents Amid Smelter Dust Event
Understanding the Smelter Dust Event in Falconbridge On September 24, 2023, residents of Falconbridge were alerted to a smelter dust event linked to the Glencore Sudbury Integrated Nickel Operations Smelter. This notice came from Public Health Sudbury & Districts, which is actively monitoring the situation in collaboration with Glencore and the Ministry of the Environment…