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flag Australia saves 1,000 jobs at Tomago smelter with government-backed cheap power deal.

flag More than 1,000 jobs at Australia’s Tomago aluminium smelter are secured after the federal government intervened with taxpayer-backed support to provide cheaper power, preventing a shutdown due to high energy costs. flag The smelter, which produces over a third of the nation’s aluminium and consumes about 10% of New South Wales’ electricity, will receive subsidized power through a deal involving federal and state government funding, with investments in renewable energy, storage, and transmission infrastructure. flag The agreement, still being finalized, follows similar government actions to stabilize other smelters, including copper and lead-zinc operations, with funds also supporting critical minerals production. flag Industry leaders and unions praised the decision as vital for national manufacturing. flag The total cost remains undetermined.

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