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Tag: Glencore

Glencore logo. Shutterstock pic

October 14 ASX debut for Glencore

Written by Industry Queensland on . Posted in All News, Coal, Copper.

Glencore expects to begin trading on the Australian Securities Exchange on October 14 after meeting all regulatory requirements.

The Swiss-headquartered company sees the listing as the route to tapping an investor base with deep expertise in the global resources sector.

The company, which already trades on the London Stock Exchange and the Johannesburg exchange, will have a CHESS Depositary Interest on the ASX.

Each CDI traded represents a beneficial interest in one Glencore ordinary share.

Glencore, which will trade under the ticker GLC on the ASX , said shareholders in the UK and South Africa ⁠could request the conversion ​of. . .

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unions at copper refinery strike

Unions set to fight on over copper refinery terms

Written by dev on . Posted in All News, Processing / Manufacturing.

Industrial action is likely to escalate as 'a very unhappy' Townsville copper refinery workforce is backed into a corner by Glencore, according to a union leader.

ETU (Electrical Trades Union) state organiser Liam Sharkey was commenting after a walkout at the site this morning by members of that union along with the AWU (Australian Workers' Union) and CFMEU (Construction, Forestry and Maritime Employees Union).

"(The membership) are having to make a decision on the fight for a wage to keep them employed at the plant or they. . .

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copper element

Region seeks concrete outcomes for copper future

Written by dev on . Posted in All News.

Peak economic development group MITEZ has stressed the importance of successful outcomes from the Mount Isa Transformation Study as the EOI process begins.

With the future of the region at stake, MITEZ (Mount Isa to Townsville Economic Development Zone Inc) chief executive officer Maria James said the recommendations must be thorough, robust, innovative and far-ranging.

"If we get it wrong, reverberations will be felt far beyond the North West, there will be state and national ramifications," she said.

MITEZ. . .

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EOIs out for Mount Isa copper chain study

Written by dev on . Posted in All News.

Expressions of interest are open for the delivery of the Mount Isa Transformation Study promised as part of a deal to support Glencore's Queensland copper processing operations.

The study is intended to assess the full copper value chain across the North West Minerals Province and consider opportunities at the Mount Isa smelter and Townsville refinery, across regional supply chains and emerging projects.  

Federal Industry, Innovation and Science Minister Tim Ayres said the study was about securing a strong, long-term future for the Mount Isa region by taking a clear, end-to-end look at. . .

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George Fisher doubles down on raiseboring

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

Contractors Pybar and RUC are carrying out two simultaneous raiseboring projects at Glencore's George Fisher mine to boost ventilation underground and sustain the southern blocks of its L72 operations.

The works will see the addition of a new fresh air intake and return air shaft, both stretching 750m from the surface to underground and each with a diameter of 5m.

Senior project engineer Robert Harrington said running two raiseboring contractors meant operation had access to more specialised equipment.

"This will save about 18-months on the project schedule and provides the best overall return on investment,” he said.

Prior. . .

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Stacks of Isa history in lead smelter milestone

Written by dev on . Posted in All News, Copper, Processing / Manufacturing.

Glencore has delved into the archives to celebrate Mount Isa Mines' history as it marks the 90-year anniversary of the commissioning of the lead smelter.

It is a mighty milestone for the mining city, with a skyline marked by the towering presence of the operation's current lead stack, standing at 270m.

When Mount Isa Mines was formed in 1924, with no processing plants in Queensland, ore was sent the enormous distance to either Port Pirie or Newcastle for processing.

For the company to be profitable, given the huge expense that came with handling, brokerage, freight and processing, the. . .

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Silica step enhances copper smelter yield

Written by dev on . Posted in All News, Copper, Processing / Manufacturing.

Glencore Mount Isa Mines has started using a technique known as silica banking within the copper smelter's Pierce-Smith Converters to improve its overall copper yield and reduce the amount of valuable copper lost to waste.

The idea to trial silica banking at the Mount Isa copper smelter came from one of Glencore’s overseas smelting operations.

“It was something the Altonorte copper smelter was already doing and with great success, so we were able to reach out to their metallurgical team and develop a plan for our smelter,” copper smelter plant metallurgist Michael Carkeet said.

“The initial silica. . .

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Mount Isa resident, Crissa De Sagun completed vacation work with the Technical Services team from November 2020 to February 2021 during her university holidays.

Applications close soon for Queensland Metals program

Written by dev on . Posted in All News, Copper.

Queensland Metals is encouraging university students from North and North-West Queensland to join its summer Vacation Student Program.

Applications close this Sunday for the 2021-2022 Vacation Program intake, which runs from November to February at Mount Isa Mines, Ernest Henry Mining and Copper Refineries.

Disciplines include engineering, metallurgy, environmental science, accounting, information technology, human resources, health and safety and many other mining-related disciplines.

Queensland Metals group manager - human resources Clint Milner said it was a great opportunity for local university students to return home to establish their mining careers.

“Our industry-leading and experienced professionals are here. . .

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China Huaneng backs Qld carbon capture project

Written by dev on . Posted in All News, Coal, Energy.

China Huaneng Group Clean Energy Research Institute has signed a Memorandum of Understanding with Glencore to work together on carbon capture utilisation and storage (CCUS) technology, starting with a project at the Millmerran power station.

Signing the MOU, both companies committed to supporting the deployment of low emissions technologies like CCUS to reduce greenhouse emissions from the use of fossil fuels and other industrial processes.

Glencore's Carbon Capture Transport and Storage Company (CTSCo) aims to demonstrate CCUS on an industrialscale with its Milmerran project.

The CTSCo project will use China Huaneng’s. . .

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Donation aids baby care at Emerald Hospital

Written by dev on . Posted in All News, Coal.

The Humpty Dumpty Foundation and Glencore have made a difference to Emerald Hospital’s maternity, child and family health care, with the donation of much-wanted medical equipment costing more than $8000.

“It is with thanks to the generosity of donors like Glencore that the Humpty Dumpty Foundation can urgently respond to the plea from Emerald Hospital and make a real difference to hospitals and healthcare services across Australia," foundation founder and executive chairman Paul Francis said. 

"Now more than ever, hospitals and healthcare services need Humpty’s help, and it is important we continue our critical work of. . .

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Oaky Creek open-cut rehabilitation

Praise for Oaky Creek open-cut rehabilitation

Written by dev on . Posted in All News, Coal, Energy.

A former open-cut mine in Central Queensland has been transformed into natural and productive land thanks to a rehabilitation program being hailed as a great example.

Resources Minister Scott Stewart said areas of Glencore’s Oaky Creek coal mine had achieved certification for its progressive land rehabilitation.

“Up to 133ha of land that was once part of an open-cut mine is now verdant landscape with native vegetation and is on track to being safely and sustainably passed on for the next land use,” Mr Stewart said.

“In 2018 the Palaszczuk Government passed important mining rehabilitation legislation to ensure. . .

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Apprentices help Glencore ‘future-proof’ its business

Written by dev on . Posted in All News.

Glencore is taking on 39 new apprentices at Mount Isa Mines and Ernest Henry Mining this year.

The Queensland Metals Apprenticeship Program offers a pathway for careers in trades including electrical, diesel fitting, boiler making, fitter/welder, auto-electrical, motor mechanic or radio technician disciplines.

Glencore Queensland Metals manager risk audit and training Greg Palm said the program was about future-proofing the business ensuring it had the right mix of qualified skills for the future.

“Our comprehensive four-year program covers all aspects of the apprentices' chosen field, and sees them rotated through different areas of our operation to. . .

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McArthur River Mine.

Court action over McArthur River Mine bond

Written by dev on . Posted in All News.

Traditional Owners and an environmental group are taking the NT Government to the Supreme Court over McArthur River Mine.

The action concerns the government's decision to slash the environmental bond for the Glencore-owned zinc operation by almost $120 million.

The Environmental Defenders Office, which will act on their behalf, said Borroloola residents Jack Green and Josephine Davey Green had filed judicial review proceedings challenging the November 2020 decision.

They are joined in the litigation by the Environment Centre NT.

Environment Centre NT co-director. . .

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McArthur River mining operations.

Report questions McArthur River impact

Written by dev on . Posted in All News, Processing / Manufacturing.

A new report on McArthur River Mine says sacred Indigenous sites and an important river system face irreversible damage if operations continue unabated.

It highlights issues including acid build-up in waste rock that was misclassified as harmless and seepage from a tailings dam into groundwater and nearby creeks.

UNSW engineering associate professor Fiona Johnson, one of the report’s contributors, said it was especially disheartening that the NT government recently approved a further expansion of the zinc mine.

But mine operator Glencore says the . . .

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Ernest Henry revamps regrind milling circuit

Written by dev on . Posted in All News, Copper, Energy, Processing / Manufacturing.

The team at Glencore’s Ernest Henry Mining has reconfigured the regrind milling circuit by installing a new Vertimill cyclone pack to replace an ageing cyclone pack at the plant.

The installation was completed over three days in November, with the project including raising the underflow launder, installing a working platform and access stairs.

Ernest Henry Mining concentrator manager Shane Morrissey said the project had made the area safer to work in and take samples from, while also improving copper recoveries.

“This project saw significant contributions from the maintenance, engineering, metallurgy and operational teams who collaborated to improve operational efficiencies. . .

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Stake in Rolleston coal operation up for grabs

Written by dev on . Posted in All News, Coal, Exploration.

Receivers have been appointed over the 12.5 per cent stake in the Rolleston open-cut coal operations held by ICRA Rolleston.

Glencore is the majority owner of the mine, 140km southeast of Emerald, with a 75 per cent share.

A Glencore spokesman said today it would be a case of 'business as usual' at the thermal coal site despite the development.

McGrathNicol Restructuring said Jason Preston, Keith Crawford and Jamie Harris were appointed as receivers over ICRA's interest in the project.

The receivers intend to immediately commence a sale process for the joint venture interest.

McGrathNicol Restructuring said. . .

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