Australian governments pledge $200 million to sustain Tasmania's Bell Bay aluminium plant
The federal and Tasmanian governments will jointly provide a $200 million package over five years to support the Bell Bay aluminium smelter.
A combined funding initiative from the Australian federal government and the Tasmanian state government totals $200 million, spread across five years. The money is intended to help maintain the country's aluminium production capacity at the Bell Bay smelter in Tasmania. The announcement follows recent uncertainty about the plant's future due to ongoing power price talks, which the state says have now been resolved separately.
Why it matters
The funding safeguards a major aluminium producer and the jobs it supports in Tasmania.
In this story
funding packagealuminium smelterBell BayTasmaniagovernment investmentpower price negotiationsindustrial support
