
Glencore offloads Ernest Henry mine in $1 billion transaction
Mining giant Glencore has approved the sale and purchase of its Ernest Henry copper-gold mine in north west Queensland for $1 billion to Evolution Mining.
Mining giant Glencore has approved the sale and purchase of its Ernest Henry copper-gold mine in north west Queensland for $1 billion to Evolution Mining.
The coal industry claims to have found the answer to carbon capture and storage and has pledged $100 million for a carbon hub in the Surat Basin.
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The Queensland Resources Council is refusing to back down to some of its mining giant partners and instead says its political campaign targetting the Greens was “long overdue”.
Annastacia Palaszczuk has sought to promote Labor’s commitment to jobs while also seizing on questions the Liberal National Party is unable to answer.
Coal will come back into political focus today as the State Government grants a mining lease to Pembroke Resources’ $1 billion Olive Downs mine in central Queensland.
Glencore has struck a deal with the Queensland Government that will keep its Mt Isa and Townsville operations open beyond 2022.