Rio Tinto makes power supply deal with federal and NSW government to cut emissions and decarbonise, preventing potential closureFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastResources giant Rio Tinto says Australia’s largest aluminium smelter will run entirely on renewable energy by 2033 after it struck a $2.5bn subsidy deal with the federal and New South Wales governments to prevent a potential closure.The deal – announced by Anthony Albanese and the NSW premier, Chris Minns, at the Tomago smelter near Newcastle on Thursday – is for a 10-year below-market power supply guarantee that begins after the facility’s existing coal-focused electricity contract with AGL ends in December 2028. Continue reading...