
Federal Government to bail out Mount Isa
Federal Government to bail out Mount Isa The Federal and Queensland Governments will provide a $600m support package to maintain operations at the Mount Isa copper smelter and Townsville copper refinery. The agreement will allow the smelter — which provides half of Australia’s copper smelting capacity — and the refinery to continue operations until the end of 2028. Australia has only two operational copper smelters — Mount Isa and BHP’s at Olympic Dam — but they face huge competition from China. China has invested heavily in copper smelting and now has 44 smelters, with the surge in Chinese production creating an unprecedented decline...









