In a new collaboration signed yesterday at the Bell Bay Aluminium smelter, the Tasmanian Government and Rio Tinto have committed to work together to ensure a robust and sustainable future economy for George Town, the Tamar Valley region, and Tasmania.
Signed by Tasmanian Premier Peter Gutwein and Rio Tinto Chief Executive Jakob Stausholm, the MOU is set to boost local employment while also increasing export revenue.
The two parties have agreed to work together to see how the smelter’s manufacturing capability and electricity consumption can assist the region grow new industries and provide more renewable energy.
As it pursues decarbonisation of its smelters and considers longer-term investment options, Rio Tinto will endeavour to safeguard the long-term viability of its Bell Bay Aluminium operations beyond 2025, when its existing energy contract is set to expire.
“This MOU is a strong demonstration of our shared commitment to Tasmania’s economic and industrial future and reinforces the State’s renewable energy credentials,” said Mr Gutwein.
“Rio Tinto has been a figurehead of local industry here for some 67 years, directly employing more than 500 Tasmanians and more than 700 indirectly, and this agreement reaffirms Rio Tinto’s long-term commitment to our state.”
The Bell Bay Aluminium smelter started operating in 1955 and is the first aluminium smelter in the Southern Hemisphere.
“Aluminium is essential for the global transition to a low-carbon economy, and we are excited about the contribution our Bell Bay smelter can make both towards this transition and to the region’s future,” said Mr Stausholm.
“We want to help ensure a strong and vibrant future for Bell Bay, where we have been part of the community for well over half a century and where we are actively working with the Tasmanian Government on a shared vision for the future.”
