Government lifeline saves Tomago Aluminium smelter

The Prime Minister has announced the government is finalising a deal to keep Tomago Aluminium, Australia's largest aluminium smelter, operating beyond 2028. The Hunter Valley facility, majority owned by Rio Tinto and employing over 1,000 workers, had faced closure due to rising energy costs threatening its viability.

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Episode Transcript

Speaker 1 (00:05):
Country's largest aluminium smelter has been thrown a lifeline by
the Prime Minister, who has announced the government is finalizing
a deal to keep it open past twenty twenty eight.
Operators of Tommigo Aluminium in the Hunter Valley had flagged
that rising energy prices we're putting its future viability in Dallas.

Speaker 2 (00:23):
We can't be just at the end of supply chains.

Speaker 3 (00:26):
We need to be more resilient as a national economy
and we need to make sure that we do make
more things here.

Speaker 1 (00:35):
The smelter is majority owned by mining giant Rio Tinto
and employees more than one thousand workins