Activists oppose Tui oil field expansion with toasts and song

Gavin Evans
Thu, 08 Nov 2018

By Gavin Evans Nov. 8 (BusinessDesk) - Protesters opposing plans to extend the life of the Tui oil field raised a toast to the government’s ban on new offshore exploration and what they says is Tamarind Resources’ “really bad” investment in a soon-to-be stranded asset. Veteran protesters Urs Signer and Emily Bailey ended their submission to a board in inquiry in New Plymouth today by passing around drinks and singing to REM’s ‘It’s the end of the world as we know it.” Bailey toasted the government legislating to halt the granting of ne...
Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

Markets
MARKET CLOSE: NZ shares fall as energy sector sell-off continues
Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Finance
Metlifecare and EQT enter new $6 per share takeover agreement
Jenny Ruth | Fri, 10 Jul 2020

Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

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