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

World 2 sources 2 countries 🔦 Under-reported 56m ago

The prime minister and NSW premier are expected to announce a bailout for the country's largest aluminium smelter tomorrow. Rio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contractFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAnthony 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.

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Read the full story at the source The Guardian World · GB
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