04:54 AM EDT, 08/12/2026 (MT Newswires) -- Rio Tinto (RIO.L), Norsk Hydro (NHY.OL), and CSR are set to receive government funding for their jointly owned aluminum smelter in New South Wales, Australia, amid high energy costs, Bloomberg News reported Wednesday. Citing people familiar with the matter, the report said details of the financial package from both the federal and state governments, as well as future plans for the Tomago plant, will be announced on Thursday. Mining giant Rio Tinto owns a 51.55% stake in Tomago, renewable energy company Norsk Hydro's Hydro Aluminium owns 12.4%, and CSR's Gove Aluminium Finance holds 36.05%. Rio Tinto, Norsk Hydro, and CSR did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.