Alcoa smelter to stay open with govt deals

Victoria's struggling Alcoa aluminium smelter will stay open with a deal worth about $230 million from the state and federal governments.The four-year deal includes about $200 million from Victoria and $30 million from Canberra to restart operations, which have been hampered since a power fault damaged equipment.Energy provider AGL also announced a new four year agreement to supply electricity to Alcoa, which was set to be affected by the upcoming closure of the Hazelwood coal-fired power plant.