Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier
The Australian federal and New South Wales governments are preparing a $2.5 billion bailout for the Tomago aluminium smelter. The deal aims to secure energy supplies and prevent the closure of the site, which employs 1,000 workers and accounts for 10% of the state's energy usage.
Federal and state governments are expected to announce a major bailout for the Tomago aluminium smelter on Thursday. Photograph: Michael Gorton/AAP Federal and state governments are expected to announce a major bailout for the Tomago aluminium smelter on Thursday. Photograph: Michael Gorton/AAP Australian politics 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
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