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