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Tomago Smelter Gets Lifeline | Adelaide News

Tomago Smelter Gets Lifeline | Adelaide News

Published 2 weeks, 2 days ago
Description

Australia’s biggest aluminum smelter, Tomago Aluminium, is getting a lifeline after years of financial strain — potentially saving hundreds of millions annually and hundreds of jobs. Facing closure by 2029 due to soaring power costs, the federal government and NSW have struck a deal to keep the plant running, with Snowy Hydro providing cheaper energy. Tensions arose over cost-sharing, but NSW agreed to contribute state funds — a move that could cost taxpayers dearly, yet ensures the critical facility stays operational. Workers, who’ve lived in fear of job loss, are bracing for relief as details are set to be announced tomorrow.

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