29 January 2026

Felix Ellis, Minister for Business, Industry and Resources

The Tasmanian Government has moved to protect the State’s investment which was provided to assist the restart of the Liberty Bell Bay manganese smelter.

Receivers and managers have been appointed to protect the manganese ore stockpile paid for by the Tasmanian Government, following ongoing defaults under the State’s loan agreement.  

The appointment relates only to the ore paid for by the State.  

Liberty Bell Bay remains a commercial operation, and the broader business, workforce and on-site management are not subject to receivership.  

Minister for Business, Industry and Resources, Felix Ellis said today’s action is a targeted and proportionate step designed to protect Tasmania’s interests and secure the State’s loan, protect workers and preserve options for the future of the site.  

"The Tasmanian Government had provided significant financial support to Liberty Bell Bay to assist workers, suppliers and the local community, including a secured loan to help facilitate a restart of operations,” Minister Ellis said.  

“Unfortunately, GFG has not delivered on its promises to Tasmanians and to its workers to restart operations, and the loan not been repaid.  

“We have engaged extensively with Liberty’s owners over recent months, including on potential future pathways for the business, the State must act responsibly to protect public funds and ensure its secured position is maintained.  

“We are strong supporters of Liberty Bell Bay’s workforce, and we want to reassure them this action is about protecting the future of the smelter.

“By securing the ore and not moving immediately to sell it, the Government is maintaining options and providing opportunity for Liberty Bell Bay and interested parties to continue discussions about potential future operations at the site.”  

The Tasmanian Government remains open to working with Liberty Bell Bay and any credible proponents to explore opportunities that support jobs, regional stability and the long-term future of the Bell Bay precinct.