Tag: Townsville Refinery


  • Glencore bailout: Australian taxpayers fund Mount Isa copper operations

    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…