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AAP
AAP
Business
Laine Clark

EXPLAINED: Glencore copper mine closure will have a ripple effect | Vintage Vibes

Glencore copper Queensland Mount Isa
Glencore has promised redundancies at its Mt Isa mine will be a "last resort". (Dan Peled/AAP PHOTOS)

GLENCORE TO SHUT DOWN COPPER MINE IN MOUNT ISA IN 2025

  • Glencore has been mining copper at Mount Isa in Queensland's northwest for 60 years
  • It's one of the biggest underground copper mines in the world and Australia's second-largest copper producer
  • The Mount Isa operations produced 191,612 tons of copper cathode in 2022
  • The multinational company says its now reached "end of mine life" due to low ore quality and ageing infrastructure, with safe extraction unable to be achieved using current technology
  • The closure of the mine will affect 1200 workers
  • Glencore has promised redundancies will be a "last resort" and only be offered when other options for the workers have been exhausted 
  • The Queensland government has announced a $50 million support package for Mount Isa and the workers
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