Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier

Rio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contract

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Anthony Albanese and the New South Wales premier, Chris Minns, are preparing to mount a major bailout of Australia’s largest aluminium smelter, in a deal worth as much as $2.5bn.

Resources giant Rio Tinto said in December it was contemplating ceasing operations at the Tomago aluminium smelter in NSW at the end of its current electricity supply contract.