The McArthur River mine is a zinc-lead mine, situated about 70 kilometres southwest of Borroloola, near the Gulf of Carpentaria in the northeastern Northern Territory, Australia. It is operated by McArthur River Mining (MRM), a subsidiary of the Swiss mining company Glencore. Although discovered in the 1950s, when it was originally called the HYC or "Here's Your Chance" deposit, it only opened as a mine in 1995. Initially an underground mining operation, the mine has been converted to open-cut.