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Australia and NSW to Announce $2.5B Bailout for Tomago Aluminium Smelter

The Guardian · first seen 12.08.2026

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

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