Tomago Smelter Saved by $2B Bailout | Sydney News

NSW just dropped a billion-dollar lifeline for the Tomago aluminium smelter, with both state and federal governments pledging over $1 billion each over ten years — a move that’s sparking relief for workers but also fierce debate. Rio Tinto will buy cheap power from Snowy Hydro to keep costs down, while Premier Minns doubles down on regional support amid rising One Nation pressure. Critics say it reveals energy policy failures and warn of potential cost overruns, but the deal may signal a breakthrough in long-simmering federal-state tensions — all while keeping thousands of jobs alive in the Hunter region. 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/19b23e5bc9d3f5d4