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Australia’s second-largest aluminium smelter has been extended a $2 billion lifeline from federal and state governments, in a deal that will keep it running until at least 2040 and underpin $7.5 billion of new renewable energy generation and storage investment. The federal Labor and Queensland LNP governments on Wednesday announced they will invest $1 billion each over 10 years – from 2030 to 2040...
“A slam dunk:” Rio Tinto gets $2 billion lifeline to shift massive smelter from costly coal to firm renewables | Huntaegis