⚠️ TAXPAYERS PUT UP $200M FOR RIO TINTO SMELTER
Canberra and Tasmania have announced a $200 million support package for Rio Tinto’s Bell Bay aluminium smelter, contributing $100 million each over five years. The plant employs 550 people and faced uncertainty as its electricity agreement approached expiry.
Rio and state-owned Hydro Tasmania have also struck a separate five-year power deal. The electricity price has not been disclosed.
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