EconomyAustralia’s largest aluminium smelter secures $2.5bn bailout to switch to renewables

Rio Tinto has agreed a $2.5bn subsidy package with Australia’s federal and New South Wales governments to prevent the possible closure of the Tomago aluminium smelter. A 10-year below-market power guarantee will begin after its coal-focused contract ends in December 2028, with the plant set to run entirely on renewable energy by 2033.

Rio Tintoaluminium smelterrenewable energyAustralia

TThe Guardian★★★☆☆2026-08-13 05:00Original