Bell Bay Aluminium smelter in Tasmania's north gets $200 million federal and state bailout
The Australian and Tasmanian governments have pledged $200 million to support the Bell Bay Aluminium smelter. The funding, combined with a new five-year power deal, aims to secure the future of the facility and its 550 employees.
Why it matters
The bailout prevents the potential closure of a major regional employer, highlighting the intersection of government industrial policy and energy price negotiations.
There's been a cloud hanging over Bell Bay Aluminium smelter, but the federal and state governments say its future is now strong. ( ABC News: Mitchell Woolnough )
The federal and state governments have announced a jointly funded $200 million support package for the Bell Bay Aluminium smelter in Tasmania.
A cloud hung over the smelter's future amid ongoing power price negotiations, but the state government says a deal has now been reached on power prices, separate from the funding package.
The $200 million will be spread over five years to "help secure Australia's ongoing aluminium production capability".
Link copied Share Share article The Australian and Tasmanian governments have announced a $200 million support package for the Bell Bay Aluminium smelter after months of uncertainty.
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