Rio Tinto secures $2.5bn subsidy deal to transition Tomago aluminium smelter to renewables

Rio Tinto reached a $2.5bn power supply deal with the federal and New South Wales governments to transition Australia's largest aluminium smelter to 100 percent renewable energy by 2033.

• Rio Tinto struck a $2.5bn subsidy deal with federal and NSW governments.
• Tomago aluminium smelter will run entirely on renewable energy by 2033.
• The agreement includes a 10-year below-market power supply guarantee starting after December 2028.