Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier
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Australia’s largest aluminium smelter to run on renewables by 2023 after Rio Tinto strikes $2.5bn taxpayer bailout deal
Rio Tinto makes power supply deal with federal and NSW government to cut emissions and decarbonise, preventing potential closure Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Resources giant Rio Tinto says Australia’s largest aluminium smelter will run entirely on renewable energy by 2033 after it struck a $2.5bn subsidy deal with the federal and New South Wales governments to prevent a potential closure. The deal – announced
Aug 13, 2026
Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier
Rio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contract 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. Continu
Aug 12, 2026
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