Australia's Oldest Aluminium Smelter to Receive $200 Million Government Lifeline
The support package secures the immediate future of the facility, the positions of its 550 workers, and 1,000 more workers indirectly.
TL;DR
- A government funding package has secured a five-year power deal for Bell Bay Aluminium.
- The electricity contract was set to expire at the end of 2026.
- There was a significant price difference between the owner's position and Hydro Tasmania's offer.
- A $200 million joint support package from the Tasmanian and federal governments was announced.
- This package has alleviated concerns regarding the smelter's future.