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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.

Photo: ABC News

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.

Originally published by ABC News. Read the full story at the source →

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