A deal has been struck to keep Rio Tinto’s aluminium smelter in New South Wales operational, but it will come at a significant cost to taxpayers. The Commonwealth and the state of NSW will each contribute $1.25 billion over the next ten years, totaling a $2.5 billion bailout. Rio Tinto will contribute at least $1.1 billion, earmarked for reducing power consumption and transitioning toward renewable energy sources. The agreement aims to secure jobs and maintain aluminium production within Australia. Critics question the financial burden placed on taxpayers for a private company, while proponents argue it’s vital for national interests. The funding will facilitate modernization and ensure the smelter’s long-term viability amidst global competition. This intervention highlights the ongoing debate surrounding government support for heavy industry.