(L-R) Jakob Stausholm, CEO, Rio Tinto, and Tasmanian Premier Peter Gutwein

The Tasmanian Government and Rio Tinto will work together to ensure a strong and sustainable future economy for George Town, the Tamar Valley region and Tasmania, in a new partnership signed recently at the Bell Bay Aluminum smelter. The partnership will seek to drive economic growth and employment outcomes in the state and support the Tasmanian Government’s target of doubling renewable electricity generation by 2040, according to the company.

Under the memorandum of understanding (MOU), the Tasmanian Government and Rio Tinto will jointly investigate how the smelter’s manufacturing capability and electricity demand can help support the development of new industries and more renewable energy supply in the region.

Rio Tinto has also committed to look at how it could further decarbonize Bell Bay Aluminum and investigate options for future investment to secure the competitiveness of the smelter.

The MOU was signed at Bell Bay by Tasmanian Premier Peter Gutwein and Rio Tinto Chief Executive Jakob Stausholm.

Gutwein said, “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.”