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Coalition, Labor both promised $50m to this business. No one knows why

Coalition, Labor both promised $50m to this business. No one knows why

During the last election the major parties pledged funds to a run-down Hobart zinc smelter without proper advice. This is why it matters.

Scott Morrison visits Nyrstar’s Hobart smelter in 2022. SMH

Ronald MizenPolitical correspondent

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Scott Morrison’s visit to Nyrstar’s Hobart zinc smelter three weeks into the 2022 federal election was typical of his campaign. Hard hats, high-vis vests, lots of photo opportunities, and a nice big funding announcement for the host organisation.

In this instance, Morrison promised Nyrstar $50 million towards a $400 million overhaul of its 107-year-old zinc smelter. The Tasmanian Liberal government committed a further $20 million towards the project on the fringe of the state’s capital.

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Ronald Mizen
Ronald MizenPolitical correspondentRonald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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Original URL: https://www.afr.com/politics/federal/coalition-labor-both-promised-50m-to-this-business-no-one-knows-why-20240805-p5jzmz