The Tiwai Point aluminium smelter will continue operating for a further four years after operator Rio Tinto agreed on a new electricity supply deal with Meridian Energy.The smelter, the country’s biggest electricity user, will operate until Dec. 31, 2024. Rio said talks with the government to address the high transmission costs for the plant and the long-term plans for the site will continue.Alf Barrios, head of Rio’s global aluminium operations, said the agreement with Meridian ensures the smelter can operate competitively for...
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