[CLSTR]
< Back to situations

We’ll email you as it develops, and you can follow the whole thread from day one.

[SITUATION] · [ACTIVE]

2 clusters · 3 sources · 27 days · First seen · Last updated

Categories: BUSINESS

Glencore mining and Australian critical minerals policy

Entities: Glencore · Mount Isa · Queensland Government · Robbie Katter · Dale Last

Overview

In early July, Glencore announced it would cease operations at the Glendell mining site in New South Wales and filed an application for a water‑storage permit, indicating a shift in its local mining activities.

Later in the month, the Queensland government unveiled a $146 million four‑year critical minerals strategy aimed at expanding domestic extraction, processing and manufacturing. The plan included a warning to Glencore to stop “land‑banking” its Mount Isa copper assets, with political leaders urging “use it or lose it” provisions to ensure the company develops its mineral rights rather than holding them idle. Together, the snapshots show Australian authorities tightening oversight of Glencore’s resource projects and promoting more active development of critical mineral deposits.

Timeline

  1. 2 days ago

    [BUSINESS] 3 sources
    Queensland launches $146m critical minerals plan, warns Glencore on land‑banking

    Queensland unveils a $146 m critical minerals plan to boost processing and jobs, while demanding Glencore develop its Mt Isa copper assets or lose them.

  2. 29 days ago

    [BUSINESS] 2 sources
    Glencore ends mining at New South Wales Glendell site and seeks water‑storage permit

    Glencore has stopped coal mining at the Glendell site in New South Wales and is applying for a permit to use the Barrett Pit for water storage under the GRAWTS scheme through 2039.

Sources

australianmining.com.au · cairnsnews.org · tradefarmmachinery.com.au