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The Guardian - AU

National

Tom McIlroy and Penry Buckley

Australia’s biggest aluminium smelter gets $2.5bn bailout package from federal and NSW governments

aluminium Australia New South Wales Tomago Chris Minns Rio Tinto Matt Canavan Tim Ayres Electricity

Tomago aluminium smelter in New South Wales, Australia — Federal and state governments are expected to announce a major bailout for the Tomago aluminium smelter on Thursday. Photograph: Michael Gorton/AAP

Anthony Albanese and the New South Wales premier, Chris Minns, will mount a major bailout of Australia’s largest aluminium smelter, in a deal worth $2.5bn.

Resources giant Rio Tinto said in December it was contemplating ceasing operations at the Tomago aluminium smelter, located north-west of Newcastle, at the end of its current electricity supply contract.

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