Alcoa's Portland smelter rescued by federal and state government bailout
by Paul Karp from Environment | The Guardian on (#29H7H)
Victorian premier Daniel Andrews announces four-year deal to keep aluminium plant open and federal government will also contribute
The federal and Victorian governments have announced a rescue package for the Alcoa aluminium smelter in Portland, including $30m in federal funds in return for a guarantee it will stay open until at least 2021.
Malcolm Turnbull announced the package with premier Daniel Andrews in Portland, Victoria on Friday. It comes as Alcoa finalised a new four-year power supply agreement with AGL Energy.
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