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  • 10 hours ago
Workers at an aluminium smelter in New South Wales have been promised job security past 2028 after the government worked with the owners to prevent its closure. The plan which is yet to be worked out will involve taxpayers subsidising the smelter's power costs.

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00:00Claps all round for Anthony Albanese.
00:09I've got a simple message for the workers here at Tomago today, and that is we've got
00:15your back.
00:16The Prime Minister's promise to these aluminium workers, earning him a rock star's welcome.
00:25The Federal Government says it struck a deal to keep the Tomago aluminium smelter in the
00:31NSW Hunter region open past 2028.
00:34The announcement was light on detail.
00:37What I won't be doing is oversharing, Matt, at this conference.
00:42But still a relief for workers.
00:44This gives them the jobs that they want, and they want to keep, and for this plant to keep
00:48going, which is important.
00:49The smelter's owner, Rio Tinto, had warned the plant could close, worried rising power
00:55prices would make it unviable.
00:57With 1,000 jobs hanging in the balance, Labor will step in, promising to work with Rio Tinto
01:04to secure fixed price power for the local manufacturer.
01:08The fundamental premise of this is a long-term power purchasing agreement that delivers security
01:14at the right price for Tomago, so they are internationally competitive.
01:18One of the options for subsidised power is the Snowy Hydro Renewable Energy Generator.
01:24It will come at a cost to the taxpayer.
01:27There are benefits and costs for all of us in this process.
01:31The Government hopes to finalise details of the agreement early next year.
01:36The Government quietly talks about the issuance of Patricia
01:40the Nets of Russia and Aqua?
01:42The Government's стороны to ensure the agreement is due.
01:44The South side is the main issue of Patricia.
01:46The North side is the highest empire.
01:48The Souset about theha and the population of the USA.
01:50The South side is the highest empire.
01:52The New Mexico of the United States of America.
01:55The New Mexico of the United States of America.
01:57How the founders have the 80s of the United States of America.
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