Glencore Canada forced to suspend major investments at the Horne Smelter [Globe and Mail, The (Toronto, Canada)]
GLENCORE PLC UNSP/ADR (GLNCY)
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glencore.com/investors
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Source: Globe and Mail, The
related to emissions reduction and facility upgrade projects at the Horne Smelter and to implement a demobilization plan, effective February 3, 2026. Investments at the CCR Refinery will also be scaled back over the medium term. Since summer 2025, Glencore Canada has been working with the Government of Québec to secure the long-term viability of its operations in Rouyn-Noranda and Montréal-Est. Despite sustained efforts by both parties, the necessary conditions are not sufficiently in place to allow Glencore Canada to proceed. "Our employees deserve clear direction for the future. We have worked in good faith and explored every option available to us. Protecting jobs and maintaining operations remain the company's top priorities, but the conditions needed to move forward simply are not in place right now," says Marc Bédard, Chief Operating Officer, Custom Metallurgical Assets at Glencore. Glencore Canada was prepared to make major investments—totalling nearly $1 billion over f
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