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

https://mins.news/en/item/20849

- The Guardian, 2026-08-13 05:00 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/aug/13/rio-tinto-australia-tomago-aluminium-2bn-bailout-deal-renewable-energy

> 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.

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