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AAP
AAP
Business
Jacob Shteyman

Smelter's future secured but cost to taxpayers unclear

The federal government has come to an agreement with Rio Tinto to keep Tomago Aluminium operating. (Michael Gorton/AAP PHOTOS)

More than 1000 jobs at a troubled aluminium smelter are secure after the federal government confirmed it would keep the site running with taxpayer support.

Rio Tinto, majority owner of the massive Tomago smelter near Newcastle, had for months been threatening to shut down the plant due to spiralling energy costs after 2028, when its electricity contract runs out.

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