A combination punch press and laser cutting machine has a frame with a ram in its head mounted for reciprocation along a vertical axis, and a die support member in the base below the ram. The support member has a vertical passage therethrough and a horizontal passage extending thereinto. A frame and slag collection member is supported for movement from a position outwardly of the support member passage to a position inwardly thereof wherein it blocks the vertical passage. The collection member has a coolant distribution system for cooling it and flowing coolant over the surface of a slag collecting cavity therein, a waste removal conduit, and a fume removal conduit, all of which are operational during laser cutting action.