Tag: Townsville Refinery
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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…