OB:NHYMetals and Mining
Did Tomago’s Long-Term Power Deal and A$1b Plan Just Shift Norsk Hydro's (OB:NHY) Investment Narrative?
The Australian and New South Wales Governments, together with Tomago Aluminium, have recently agreed a partnership to secure long-term, competitively priced power for the Tomago smelter beyond 2028, underpinned by plans for at least A$1.00 billion in capital projects and major maintenance over the next decade.
As a significant shareholder in Tomago Aluminium, Norsk Hydro gains improved visibility on the smelter’s operational continuity and decarbonisation pathway, which could influence how...