News: AGL Alcoa to restart long idled capacity at Australian aluminium smelter, page-15

Telstra mamagement is useless. They are already writing the list of reasons this venture wil fail for them. On the teat now accepting government handout to advance foreign policy in Pacific through Digicell acquisition.

The restart of the smelter capacity is good news for AGL as, believe me, I have been in the business of selling power to smelters like Portland, the only solution that will work, for decades to come is coal.

Sure there will be some clever window dressing to make it look like something else, but in priniciple if not practice, AGL has strong moat to profit as a generator of all types of power, to arbitrage., Heck, the increase in EV and home batteries is good, as they will mainly be charged from dispatchable power sources like coal. Bill Shorten tells me he cannot get over how cheap his new EV is to refuel. Hasn't got a clue.