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Rio Tinto smelter gets $2.5bn bailout from Australian govt

By Frank Prenesti

Date: Thursday 13 Aug 2026

(Sharecast News) - Australia has stepped in with a AUD $2.5bn bailout to keep the country's largest aluminium smelter running.
The federal and New South Wales governments agreed a new 10-year power deal that will see the Rio Tinto-controlled Tomago plant shift to 100% renewable power by 2033 in order to...

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