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Bell Bay Aluminium conundrum: Can Tasmania close the $60m power gap?

The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium smelter in New South Wales. While Canberra has acknowledged the strategic importance of Bell Bay and its employment base, Ayres has stressed that the immediate priority is securing a commercially sustain ...

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Women’s shelter gets billion-dollar “smelter” boost in hilarious mix-up

A women’s shelter in New South Wales has reportedly received an extraordinary financial boost after the Australian Government allegedly mistook it for an aluminium smelter. According to the humorous report, the government had recently approved AUD 2.5 billion (USD 1.76 billion) in taxpayer support for Rio Tinto’s Tomago aluminium smelter near Newcastle. When a women’s shelter later applied for AUD 2,500 (USD 1,760) in assistance, officials supposedly confused the two applications. The mix-up ...

Sustainability

Rio Tinto ecstatic as Tomago smelter gets its power secured through 2038

The wait is over. A day after reports that Australia’s largest aluminium smelter was on the verge of receiving a government-backed AUD 2.5 billion lifeline, the deal has now been formally announced. Tomago Aluminium has reached an agreement with the Australian Government and the New South Wales Government that secures a long-term power supply for the smelter through 2038, removing the immediate threat posed by the expiry of its existing electricity contract in December 2028. The agreement al ...

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