In short:
The Australian Labor Party government is preparing to step in to support the Tomago Aluminium smelter in New South Wales — despite rising frustration with majority owner Rio Tinto.
What’s next?
The government says “all options” are on the table — including subsidising energy bills or taking a direct stake — while insisting no blank cheque will be written.
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Historically Rio Tinto were involved with Slave Labour in their Nambian Uranium mine, they had very bad safety standards for black workers, and the mine was near a town that still chanted Nazi songs and slogans (Swakomund, Nambia). Peter Thiel’s father worked in that industry/town.
They’re certainly a scummy company. Huge environmental disasters are left in their wake as well.
They did exactly that after shuttering the tiwai point smelter in NZ.
After throwing a tantrum about energy pricing.
