Good news for Tasmania with a strong future at Bell Bay

Bell Bay Aluminium Tasmania

The Tasmanian Minerals, Manufacturing and Energy Council (TMEC) welcomes the announcement of the signing
of a Memorandum of Understanding between the owner of Bell Bay Aluminium smelter, Rio Tinto and the Tasmanian State Government.

While an MoU is a statement of intent, the details demonstrate the elements which both parties are exploring to
ultimately position Bell Bay Aluminium as an ongoing valuable contributor, as measured by what is the vision for
Tasmania for the next 10-30 years.

Ray Mostogl, CEO of TMEC said, “What is remarkable is not only the content of the MoU, but the willingness to be
very public about the details. This permits the community and supporting businesses to frame what they may expect
to see, and how they can participate as they choose”.

Ray went on to say, “While the industrial sector in Tasmania is ranked third in terms of emissions and utilises
renewable electricity, the goal to further reduce greenhouse gas emissions demonstrates the goal of being entirely
sustainable. This sector’s brand of “Cleaner, Smarter, Diverse” is backed by actions.”

Companies within this sector have previously announced projects to replace underground vehicles with battery-
electric and utilising a lower or zero-carbon source for industrial-scale heating used to refine raw materials into higher value add products. BBA’s announcement adds to what are already global leading developments being undertaken within Tasmanian industries.

Read more on Business Wire