Labor open to new ownership to save Tomago smelter

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.

The rejected bailout offer was reported to be worth more than $1 billion.

Rio Tinto and the Albanese government are locked in a stalemate over the future of Tomago

Author's summary: Labor considers new ownership to save Tomago smelter.

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Australian Financial Review Australian Financial Review — 2025-10-30

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