Ernest Henry mine profit is a “flashing neon sign” of Glencore’s failure
July 17, 2025
FEDERAL Member for Kennedy Bob Katter has welcomed news that Ernest Henry mine has hit a record profit under its new ownership, while taking the opportunity to slam former operator Glencore for what he called "spectacular mismanagement".
"I am informed that Glencore shut the Ernest Henry mine because they claimed it wasn't profitable," Mr Katter said. "Well, the current owners have done it at a record-breaking profit. That should give you a very clear picture of how incapable Glencore really is.
"This is a flashing neon light as what I view as the sheer incompetence of Glencore's operations within this country," Mr Katter warned.
The Ernest Henry operation, near Cloncurry, was sold to Evolution Mining in 2022. Under this new ownership, it has delivered significant returns and reinvestment in the local economy. The success of the new operators adds fuel to long-standing concerns about Glencore's stewardship of Australia's copper assets, especially the Mount Isa Mines copper smelter and mining operations.
"If they cannot run Ernest Henry at a profit, and we can see that another company can do so with their eyes closed, then they have no business holding onto the copper mine or smelter," Mr Katter said. "It's high time they handed over the reins to people who know what they’re doing and are willing to invest in the long-term future of the Northwest Mineral Province."
Katter has long argued for the national interest control of critical minerals infrastructure, saying multinationals, like Glencore, prioritise overseas shareholders over Australian workers and regional development.
"What we are now seeing is proof that Australian-led enterprises can do what these foreign giants have refused to do: make it work, and make it work well."
ENDS
Bob: “Back in my day, we used an automatic gate opener.” Wendi: “I have one. The gate just automatically opened for me.”
Bloody Alex and his inner-city trendy accent… It’s pronounced “Boulia” ya drongo!
AUSTRALIA NEEDS TO BETTER USE OUR GREAT MINERAL, AGRICULTURAL AND LAND WEALTH Australia is one of the wealthiest countries in the world. Our mineral resources are vast. Our agricultural potential is huge. We have millions of hectares of land unutilised or under-utilised. Australians should be swimming in wealth …. NOT drowning in debt. Successive governments have slowed our economy to a grinding halt in a ruthless pursuit of a WOKE agenda. A REVOLUTION is coming… Australians are starting to fight back against the corporate and political elite that have sold and squandered our great Nation. It’s about time that government starts governing for the betterment of Australians or GET OUT and let the independent fighters that TRUELY represent their electorates and Australia have a go!!!!
Everyday, wonderful and courageous men and women of our police forces put their personal safety to the side to protect Australians. Most make it home… some, tragically, do not. Today we remember and pay tribute to those who have made the ultimate sacrifice.
In Mount Isa the answer is the same as Brisbane…. When Bob asks people “What would you do if you were the PM of Australia?” Overwhelmingly the answer is reduce migration levels. When the media runs stories of ISIS brides returning, mass murder at Bondi, machete crime in Melbourne… Australians are concerned…. Our cities are being stuffed with people who have no intention to contribute to our society... no want to integrate... they reside in large ethnic enclaves.. some migrate through lawful channels, many abuse the student and family dependent visa systems. Every year about 1 million more people come into Australia than leave… we are swamped. We want our country back.
Absolutely.. in the north we are controlled by a government based in the south east corner that is closer to Sydney. In the last 6 months we have lost yet another seat in Parliament to Brisbane... the Olympic Games extravaganza is costing more than the entire annual State budget... they have all the infrastructure, services and resources... we have potholes, patchwork road works, overstretched hospitals and police. For the North to be the powerhouse of this nation’s economy we need some autonomy so we can start the projects, build the infrastructure and create the wealth.
Thanks to the folks in Einasleigh, and Mayor Barry Hughes for having me yesterday in town and giving me my riding instructions! It wasn’t that long ago that most of the area was underwater. If ever there were an argument for a separate state— this is it. I don’t know of a million people anywhere in the world that are ruled by a government over 1,000 kilometres away or 2,000 kilometres away. Nowhere in the world does that exist. But when you are a small, isolated rural community, you are forgotten. The bridges are too low and they go under water all the time, the roads are too low and they go under water all the time, so there’s little replenishment of supplies. So there is work to be done. Thanks to publican Tayla for the chips and gravy, holding down the fort, taking care of the kitchen, bar and kids while her husband Braydon is away (winning most of the titles in NQ rodeo/campdraft/regional grand finals in Townsville!).
Finally commonsense has prevailed and the trucks are back on the road delivering essential supplies to some of Australia’s most remote and vulnerable communities. Massive thank you to Hawkins Transport for providing this essential service for so many years and tenaciously fighting to ensure its’ continuation. Fellas, I take my hat off to you. Great job
The Albanese government’s attack on backpackers is illogical at best and, at worst, just down right stupid. Overwhelmingly the pathway to permanent migration is through the student visa scheme and not backpackers. In our regions backpackers pick our fruit, pour our beers, clean our hotel rooms and make our coffees… they spend monies earnt exploring our wonderful country. Very few stay and those that do integrate into our communities. Backpackers must be encouraged and welcomed into Australia … they are NOT and should never be considered to be part of the backdoor migration cohort. They’re just here for a good time… not a long time. And for that I thank them for coming here, doing the work, spending the money and having the adventure.
In the north we can pay up to 4 times the cost for insurance as is paid in the rest of Australia. 20% northern homes are uninsured (more than double Australia’s average). Of the homes that are insured 83% are under insured - meaning that insurance won’t cover rebuilding costs. THIS IS NOT JUST CONCERNING… THIS IS A NATIONAL EMERGENCY. Further exacerbated by the Federal government tightening the purse strings on much needed disaster funds. We need legislation change to get more insurers offering affordable insurance in the north. That is why the cyclone reinsurance pool was introduced... That is what government should be doing.
