A tale of two smelters
Rio Tinto’s circa $7.5 billion agreement with the federal and Queensland governments to use public money to underwrite renewable electricity for its Boyne Aluminium smelter is unprecedented on several fronts. Besides being the first time that solar power will be used to run an Australian aluminium smelter, it’s also the first use of Labor’s signature Future Made in Australia manufacturing policy where production credits are used to purchase electricity. When industry minister Tim Ayres announced the deal on a flying visit to Boyne in Central Queensland, he said the ageing smelter was handpicke