Australia’s biggest aluminium smelter is set to receive a major bailout package following long-running crisis talks with the federal and NSW governments.

Prime Minister Anthony Albanese and NSW Premier Chris Minns are expected to travel to Tomago just outside Newcastle to announce the deal on Thursday.

Anthony Albanese and NSW Premier Chris Minns are poised to sign a bailout agreement for the beleaguered Tomago aluminium smelter, ending months of uncertainty for workers.