Australia’s largest aluminium smelter Tomago ‘not commercially viable’ and facing closure, says Rio Tinto
by Reuters and Guardian staff from World news | The Guardian on (#71219)
Consultation over future pathway with employees as smelter struggles with high power prices
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Rio Tinto says it is contemplating ceasing operations at its New South Wales-based Tomago aluminium smelter at the end of its current electricity supply contract.
The Tomago aluminium smelter, Australia's largest, had been struggling with high power prices. It had started a consultation process with employees on the potential future of its operations, but was yet to reach a decision and is weighing a possible closure.
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