Tasmania approved $20m loan to troubled Liberty Bell Bay smelter despite high-risk advice
Tasmania's government approved a $20 million loan to the troubled Liberty Bell Bay manganese smelter after being warned the repayment risk was high, according to an internal document. The money was used to help the plant buy ore at a time when it was rapidly running out of cash. The smelter later closed in July and was subsequently liquidated, with more than 200 jobs lost.The document, obtained under right-to-information laws, says officials were told in July 2025 that Liberty Bell Bay "may run out of available capital by the end of July" and were given four options. Tasmania's coordinator-general, John... [Continue Reading]
360LiveNews | 20 Oct 2026 19:59 LONDON
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