Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier

Source: The Guardian 1 hour ago

Rio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contract

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Anthony Albanese and the New South Wales premier, Chris Minns, are preparing to mount a major bailout of Australia’s largest aluminium smelter, in a deal worth as much as $2.5bn.

Resources giant Rio Tinto said in December it was contemplating ceasing operations at the Tomago aluminium smelter in NSW at the end of its current electricity supply contract.

This is a summary. Read the complete story at the original publisher:

Read the full article on The Guardian →

Source: https://www.theguardian.com/australia-news/2026/aug/12/massive-bailout-for-australias-largest-aluminium-smelter-expected-to-be-announced-by-pm-and-nsw-premier

Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier

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