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20 October 2026

Loan of $20m to troubled smelter deemed high risk, govt went ahead anyway

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Source reporting: abc.net.au

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Loan of $20m to troubled smelter deemed high risk, govt went ahead anyway

The Tasmanian government was advised to approve a $20 million loan to the country's only manganese smelter last year despite knowing the risk of not getting all the money back was high, as inaction was deemed too risky.

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