Tag: Tomago Aluminium
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Tomago Aluminium Smelter at Crossroads: Rio Tinto Considers Closure as Power Costs Rise
Overview: A Major Australian Smelter’s Future in Question Rio Tinto has disclosed it is weighing the potential cessation of operations at Tomago, Australia’s largest aluminium smelter, following concerns that current electricity costs render continuing operations commercially unviable. The company is currently in a consultation phase with its staff as it assesses options ahead of the…
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Tomago Aluminium Smelter Faces Viability Questions as Rio Tinto Considers Closure
Background: Australia’s Largest Aluminium Smelter under Review Australia’s largest aluminium smelter, Tomago near Newcastle in New South Wales, is under consideration by owner Rio Tinto for potential closure as its current electricity contract nears expiry. The company disclosed that it is weighing options at the end of its existing electricity supply agreement with AGL Energy,…