August 12, 2026 — 10:30pm
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Australia’s biggest aluminium smelter will receive a $2.5 billion government bailout package to stay open, ending months of crisis negotiations with federal and NSW officials over ways to keep the plant viable and safeguard more than 1000 jobs.
Tomago Aluminium, majority-owned by resources giant Rio Tinto, has been consulting the smelter’s workforce and their union officials since late last year about the risk of the site closing when its existing power contract expires in 2028, and electricity costs are set to…
Read the full article at SMH.COM.AU
