Rio Tinto $RIO, a global mining powerhouse, is currently engaging in discussions with Australian governmental authorities to secure financial assistance for its pivotal asset, the Tomago aluminum plant. Located in New South Wales, Tomago is renowned as the largest electricity consumer in the region, drawing approximately 12% of the state's energy supply. As reported by the Australian Financial Review, the negotiations center around securing energy contracts for 2026-2029 and exploring potential federal government tax concessions.