Proactive Investors
13 Aug 2026, 07:47 UTC · 1h ago
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Rio Tinto has secured a long-term power agreement to keep the Tomago aluminium smelter operating until 2038. — Ensures the long-term viability of a facility producing nearly 40% of Australia's aluminium, reducing operational risk for Rio Tinto.
+0.60Tomago Aluminium will invest A$1.1 billion in the smelter between now and 2038, including A$100 million for decarbonisation. — Represents a significant capital commitment to maintain competitiveness and modernize infrastructure.
+0.30The Tomago smelter will transition to 100% renewable electricity by 2033, reducing annual Scope 1 and 2 emissions by 7.1 million tonnes. — Positively impacts Rio Tinto's ESG profile and progress toward its 2030 emissions targets.
+0.20Which stocks this story touches
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Secured a long-term power agreement and investment to keep Australia's largest aluminium smelter competitive and operational until 2038.
Benefits as a minority owner of Tomago Aluminium, which has secured its long-term operational future.
Mentioned only as the current electricity provider with a contract expiring in 2028.
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