Australia and NSW to Announce $2.5B Bailout for Tomago Aluminium Smelter
The Australian Prime Minister and New South Wales premier are set to announce a $2.5 billion bailout to save the Tomago aluminium smelter after Rio Tinto considered closing it.
- Bailout package is worth $2.5 billion
- Involves PM Anthony Albanese and NSW Premier Chris Minns
- Rio Tinto previously contemplated ceasing operations due to electricity contract issues