Tomago Smelter Deal Nears Finalization | Australia News

The federal and NSW governments are poised to finalize a landmark deal to keep Australia’s vital Tomago aluminium smelter open, averting shutdown by 2028. Facing crippling power costs, Rio Tinto needed government-backed subsidized clean energy — potentially costing taxpayers over $300 million annually for a decade via Snowy Hydro 2.0. This follows past interventions at Boyne and Whyalla, signaling a national commitment to preserving key manufacturing hubs. Unions are cheering as hundreds of jobs hang in the balance — and stability may finally be within reach. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6c3ac06c47eab73d