Following reports this week that federal industry minister Tim Ayres and Queensland regional development minister Dale Last were to announce a bailout for Glencore’s Mount Isa Copper Smelter and Townsville Refinery, the size and structure of the support have been shared. Ayres (pictured) announced on Wednesday that the funding will amount to $600 million, split…
A bailout of the Mount Isa copper smelter is expected to be announced on Wednesday morning. The Sydney Morning Herald and others report that federal industry minister Tim Ayres will announce a rescue package for the loss-making smelter. The report did not cite a figure. “The government’s approach is to do what we responsibly can…
US President Donald Trump has flagged a possible 200 per cent tariff on pharmaceuticals and a 50 per cent tariff on copper, as the ABC reports, with potential significant implications for Australian manufacturers. Speaking to media before a cabinet meeting, Trump said pharmaceutical producers would receive a grace period to move production to the United…
The South Australian Government has commenced an application and assessment process for BHP’s planned smelter and refinery expansion at Olympic Dam in South Australia, which could see copper cathode production double over the next decade, The news came through a notification in the South Australian Government Gazette on Thursday, and was described by BHP as…
Australia’s resources and energy export earnings are forecast to normalise over the next two years as commodity prices return to long-term levels following a price spike brought about by Russia’s invasion of Ukraine. The June 2024 Resources and Energy Quarterly (REQ) from the Department of Industry, Science and Resources estimates export earnings of $417 billion…
Australian Vanadium receives $14.7 million grant Battery materials company Australian Vanadium has received a milestone payment of $14.7 million from the federal government under the Modern Manufacturing Initiative – Manufacturing Collaboration Stream. The grant provides up to $49 million to support the company’s Australian Vanadium Project to enable new critical mineral production which will support…
By Peter Roberts BHP might just be getting serious about fully exploiting its ability to refine and export copper on a large scale from its South Australian copper mines – however the company has considered major expansions previously and baulked at the cost. In 2012 BHP halted plans for a $30 billion expansion of its…
The South Australian government and the private sector have funded studies, planning and negotiations to lead to a final investment decision on the Northern Water project servicing BHP’s copper mines and refineries and the burgeoning green hydrogen and steel industries. If progressed, Northern Water would see construction of a 260 megalitre a day desalination plant…