Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier
The Australian government is expected to announce a major bailout for the Tomago aluminium smelter, with a deal worth up to $2.5 billion over 10 years. The bailout is intended to keep the site operational and support the approximately 1,000 workers employed there. The deal is part of a larger effort by the government to support the metal processing industry, which has been impacted by rising energy costs and a volatile global trading environment.
- ▪The Tomago aluminium smelter is Australia's largest and accounts for over 10% of energy use in New South Wales.
- ▪The site employs approximately 1,000 workers and produces up to 590,000 tonnes of aluminium per year.
- ▪The bailout deal is expected to be split 50-50 between the federal government and the state of New South Wales.
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| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/australia-news/2026/aug/12/massive-bailout-for-australias-largest-aluminium-smelter-expected-to-be-announced-by-pm-and-nsw-premier |
| Publication time | Wed, 12 Aug 2026 04:29:45 GMT |
| Retrieval time | 2026-08-12T04:35:42.632Z |
| Last seen | 2026-08-12T04:35:42.632Z |
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| Cluster | NW4dweoZCGXR · 1 stories |
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Federal and state governments are expected to announce a major bailout for the Tomago aluminium smelter on Thursday. Photograph: Michael Gorton/AAPView image in fullscreenFederal and state governments are expected to announce a major bailout for the Tomago aluminium smelter on Thursday. Photograph: Michael Gorton/AAPAustralian politicsMassive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premierRio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contractTom McIlroy and Penry BuckleyWed 12 Aug 2026 00.29 EDTLast modified on Wed 12 Aug 2026 00.31 EDTSharePrefer the Guardian on GoogleAnthony Albanese and the New South Wales premier, Chris Minns, are preparing to mount a…
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