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The owners of Australia’s biggest aluminum smelter, including Rio Tinto, have secured a government bailout of $1.8 billion to keep the plant operating as it grapples with high energy costs
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Finance
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Bloomberg News
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The owners of Australia’s biggest aluminum smelter, including Rio Tinto, have secured a government bailout of $1.8 billion to keep the plant operating as it grapples with high energy costs
The Guardian
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Rio Tinto makes power supply deal with federal and NSW government to cut emissions and decarbonise, preventing potential closure Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Resources giant Rio Tinto says Australia’s largest aluminium smelter will run entirely on renewable energy by 2033 after it struck a $2.5bn subsidy deal with the federal and New South Wales governments to prevent a potential closure. The deal – announced b