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Boyne aluminium smelter: long-term futuresecured
Rio Tinto, in partnership with the Queensland and Commonwealth Governments, has secured the long-term future of the Boyne aluminium smelter in Gladstone through a A$2 billion investment over 10 years to 2040. This agreement, part of the Federal Government's Future Made in Australia initiative, supports competitive power for the smelter and manufacturing jobs, ensuring operations continue beyond the current power contract in 2029. The deal complements Rio Tinto's existing power purchase agreements, which underwrite A$7.5 billion in new renewable energy and storage in Queensland, bringing its total contracted renewable power to over 2.8GW. Disclaimer*
About this update from Rio Tinto Plc
[{"type":"text","content":"\n\n \n \nNotice to ASX/LSE \n\n \nRio Tinto, Queensland and Commonwealth secure long-term future for Boyne aluminium smelter at Gladstone\n25 March 2026\n \n \n \nRio Tinto, the Queensland Government and the Commonwealth Government have struck a landmark partnership to secure a long-term future for the Boyne aluminium smelter at Gladstone and ensure it remains internationally cost-competitive beyond its current power contract.\n \nThe agreement supports a long-term future for aluminium smelting in Queensland, building on power purchase agreements (PPAs) signed by Rio Tinto in recent years to underwrite A$7.5 billion in new renewable energy and storage in the state.\n \nUnder the deal, the Queensland and Commonwealth Governments will invest a combined A$2 billion over 10 years to 2040, finalising the terms of a previously announced partnership between Queensland and Rio Tinto, and forming part of the Federal Government's Future Made in Australia initiative. The partnership supports the transition to long-term competitive power for the smelter and manufacturing jobs in Central Queensland for the longer term.\n \nCombined with what will be some of Australia's largest solar and wind power investments, underwritten by Rio Tinto, the partnership ensures Boyne Smelters Limited - the owner of the smelter in which Rio Tinto has a majority stake - will continue aluminium production beyond the completion of its current power contract in 2029, through to at least 2040.\n \nRio Tinto Aluminium & Lithium Chief Executive Jérôme Pécresse said: \"This transformative partnership with the...