Aug 06, 2025 (The Australian - ABIX via COMTEX) --
Glencore's CEO Gary Nagle says the company is open to all options for its copper smelter in Mount Isa and its refinery in Townsville, including allowing governments to acquire an equity stake in the assets. However, he has rejected suggestions that Glencore should cross-subsidise these facilities via its coal mines. Nagle has also responded to comments made by Prime Minister Anthony Albanese, who said Mount Isa has been good to Glencore, so the multinational should in turn be good to Mount Isa. Nagle says Glencore has been "very, very good" to Australia for "many, many years", noting that it has contributed more than $100bn to the economy in the last six years..
Publication Date: 7 August 2025
GLENCORE PLC
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET
COMTEX_467843047/2229/2025-08-06T19:04:48
By Brad Thompson
Copyright 2025 Roy Morgan Research. All Rights Reserved.
