Jul 1, 2026 – 5.37pmThe Albanese and Queensland governments have thrown a $160 million lifeline to secure hundreds of jobs at Australia’s only ammonium phosphate fertiliser plant and to keep the lights on the nearby Mount Isa copper smelter.The jointly funded loan will secure 500 direct jobs at Phosphate Hill and 600 direct jobs at Glencore’s Mount Isa copper facility and Townsville refinery, which are closely linked to the fertiliser plant and were at risk of shutting.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
$160m government lifeline for plant owned by Matt Canavan’s brother
The government funding will secure jobs at Phosphate Hill, as well as Glencore’s Mount Isa copper smelter that was on the brink of collapse.
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