Rio Tinto says it is uncertain whether it can continue to operate its Bell Bay aluminium smelter after spending six years unsuccessfully negotiating a new power supply agreement with the Tasmanian government.
The company has eight months before its existing deal with the state government’s Hydro Tasmania expires.
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clarification —
This story was updated to clarify Rio Tinto’s accounting of the Bell Bay smelter earnings, and that it was most likely loss-making in 2023.
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
