CDU 0.00% 23.5¢ cudeco limited

whalewatcher, The question of Glencore maintaining their...

  1. roh
    4,061 Posts.
    whalewatcher,
    The question of Glencore maintaining their dominant position in the Mt Isa region is uncertain. They have made no commitment to retain the Mt Isa smelter beyond 2016 and this is causing angst within the Mt Isa community as Glencore are the town's biggest employer. Closure of their Townsville works are also on the cards. There is much uncertainty as to what Glencore will do.
    It is cheaper to have ore smelted overseas than in Australia . Wayne McCrae would only take on the Mt Isa smelter if it would make more money for CuDeco . Overseas smelters was cheaper and CuDeco will use them .
    I did not raise the matter of copper wire or copper tubing production but I would not discount that this is not part of CuDeco's future agenda to value add.
    You post irregularly now. Do keep on posting though.
    I note you post irregularly now. Do keep posting though.
 
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