Glencore to restart Lady Loretta as zinc prices hit decade high

Glencore is ramping up a recruitment drive ahead of its planned restart of the Lady Loretta zinc operation in Queensland.

The diversified miner announced last month that it expected to create 250 new jobs to support the resumption of operations at Lady Loretta, which has been suspended since 2015.

Glencore is restarting the mine at a good time, with zinc prices at 10-year highs and continuing to increase in January.

At the end of last week’s trading, zinc had risen 5.5 per cent in January to sit at $US3519.50/tonne (t).

Brisbane-based Redpath Australia, Glencore’s mining contractor at Lady Loretta, is advertising dozens of roles for the operation.

On the Redpath website, these positions include boilermakers, fitters, electricians, ROM operators, supervisors, nippers, engineers and geologists.

Glencore has previously forecast that the Lady Loretta restart will add around 100Mt of zinc concentrate to the company’s production profile.

The mine is around 110km north-west of Mt Isa. Glencore also announced last month that it was seeking around 200 workers to support its other base metal operations in the Mt Isa area.

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