Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier
by Tom McIlroy and Penry Buckley from World news | The Guardian on (#77MBF)
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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Anthony 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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