Rio Tinto faces a one-week deadline to secure a new power deal for its critical Bell Bay Aluminium smelter in Tasmania, whose shutdown could devastate 190,000 tonnes of annual aluminum output and cost the region hundreds of millions in local spending and jobs. Business leaders are urging both federal and state governments to act fast, as Hydro Tasmania’s offer clashes with Rio’s lower bid, sparking blame-shifting between Canberra and Hobart. With a ten-year agreement ideally on the table, all eyes are on whether political unity can prevent a major economic collapse before the current deal expires.
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