Tough world conditions visited on Mount Isa

Posted October 9, 2015

Mount Isa

It’s a sad time for Mount Isa according to Mount Isa to Townsville Economic Zone (MITEZ) President, David Glasson.

Glencore announced that it would temporarily suspend operations at Lady Loretta mine north of the city as part of a move to preserve assets in anticipation of a rise in the value of zinc.

It represents a loss of more than 530 workers across the Lady Loretta and George Fisher mines near Mount Isa and the McArthur River mine in the Northern Territory.

Around 160 positions are local to Mount Isa.

Local contractors would feel the impact of redundancies, said Mr Glasson.

“My understanding is that the workers actually working for Glencore (at Lady Loretta), they’ll actually find them jobs across the lease somewhere else,” he said.

“But there are quite a lot of contractors working there that have local employees and they’ll be gone.

“I don’t think we should be pointing the finger at Glencore, at the end of the day it’s a tough world out there and they’re just doing what they need to survive.

“We just hope the measures they’re implementing will keep the mine going.”

The company will also reduce production at the nearby George Fisher mine and McArthur River mine in the northern territory.

The changes are part of a global plan to reduce annual zinc metal mine production across Glencore operations by up to a third.

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