A mining giant has been told to step up after a $600 million taxpayer-funded bailout saved its ailing copper facilities and hundreds of jobs.

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The prime minister is urging Glencore to back a key Australian mining community after receiving the three-year financial lifeline and avoiding a "catastrophic" shutdown.

The Swiss mining company will get the cash injection after threatening to shut its loss-making Mount Isa copper smelter and Townsville copper refinery in Queensland.

The joint federal and state deal would keep the doors open, give a shot in the arm to Australia's position as a key global copper supplier and aid the nation's transition

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