Glencore, Canada Near Deal to Save Threatened Copper Facility

Glencore, Canada Near Deal to Save Threatened Copper Facility

(Bloomberg) — The governments of Canada and Quebec are pushing to save the country’s only copper smelter after Glencore Plc threatened to shut it down over new pollution-control requirements.

Glencore, Canada Eye Deal to Save Key Copper Smelter

Glencore (LSE:GLEN,OTCPL:GLCNF) is in talks with Canadian federal and Quebec provincial authorities over a potential deal to keep the Horne smelter operating after stricter emissions rules put a key piece of North America’s copper supply chain at risk.Canada’s only copper smelter, located in Rouyn-Noranda, has been at the center of negotiations since Glencore suspended upgrade plans last month, citing uncertainty over new arsenic limits.The comp…

Canada moves to save Glencore's Quebec copper smelter

THE Canadian and Quebec governments are working to prevent the closure of Canada’s only copper smelter after Glencore threatened to shut the facility unless a deal can be reached over new pollution-control requirements, said Bloomberg News. Glencore last month suspended plans to invest nearly C$1bn in its Quebec copper operations after talks with the provincial government broke down over measures to reduce arsenic emissions at the Horne Smelter …