10 November 2015

Mount Isa Mines Copper Smelter and Townsville Copper Refinery extension announcement

Glencore and the Queensland Government have finalised new environmental licensing conditions which
allows the Mount Isa Mines Copper Smelter to operate to the end of 2022. As a result, we are proud to
announce that the Mount Isa Mines Copper Smelter and Townsville Copper Refinery will remain open
beyond their respective planned closure dates of 2016 and 2017.

This decision follows more than 12 months of internal work and consultation with government, community
stakeholders and environment and health experts to determine a responsible and economically sustainable
future for the asset extension, which ultimately secures 800 direct jobs across the business’s north
Queensland supply chain.

Mike Westerman, Chief Operating Officer for Glencore’s north Queensland Copper Assets says the business
is committed to continuing copper smelting operations in Mount Isa for as long as these activities remain
economically viable. 

“It makes us very proud to have secured a path forward for the copper smelter that balances our
environmental obligations with sustaining jobs for our people and the economic realities of operating a
metallurgical processing asset in Australia in today’s market,” Mr Westerman said.

“We look forward to on-going productive discussions with the Queensland Government to secure agreeable
rates to transport our product to market, post 2016.

“In light of the current market conditions, a continued focus on increasing cost efficiencies and reducing
waste is critical to maintaining the sustainability of our Mount Isa operations.

“The best thing we can do for our community is to operate a safe, environmentally responsible and efficient
business that meets community expectations and can compete in the global marketplace.

“This was not a simple decision to make, and we were committed to approaching it in the right way to
ensure a responsible, sustainable outcome that our business and our community could stand behind. 

“I’d like to thank the community and our people for their patience as we worked to secure an economically
viable and environmentally sustainable future for our copper processing operations in north Queensland, in
particular, Member for Mount Isa Rob Katter and Mayor Tony McGrady for their ongoing support through
this process.”

Ends

Media Contacts
Karissa Hewitt
Telephone +61 7 4744 2979
Mobile +61 432 754 638
Email karissa.hewitt@glencore.com.au

Jemma Schweikert
Telephone +61 7 4744 3140
Mobile +61 412 126 510
Email jemma.schweikert@glencore.com.au

 

For more information please download the pdf