A failing Australian metals plant will be transformed into a hub for making "green iron and steel", Prime Minister Anthony Albanese said Thursday as the government stepped in with a billion-dollar rescue package.

More than 1,000 workers faced losing their jobs after the Whyalla steelworks in South Australia was swamped by mounting debts.

Albanese on Thursday pledged a major overhaul to save the site, which was run by British........

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