Tomago Aluminium: $2.5 Billion Rescue Deal Secures Smelter’s Future
The Federal and New South Wales governments have agreed to a $2.5 billion funding package over 10 years to prevent the closure of Tomago Aluminium, Australia’s largest aluminium smelter, beyond 2028. Owner Rio Tinto had previously warned that rising coal-fired and renewable power costs could force the site to shut down when its energy contract…