Labor Open to New Ownership to Save Tomago Smelter
The Albanese government and Rio Tinto are in a stalemate over the future of Tomago after the mining giant rejected a joint federal-NSW bailout offer worth over $1 billion.
Industry Minister Tim Ayres stated that he is open to every option, including new ownership of the Rio Tinto-controlled Tomago Aluminium, to keep the struggling smelter open.
Rio and the Albanese government are locked in a stalemate over the future of Tomago after the mining giant rejected a joint federal-NSW bailout offer.
The government is exploring all possibilities to save the smelter.
Author's summary: Labor considers new ownership to save Tomago smelter.
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