Business Breakdown: Smelter talks kicked out for a month

Tue, 30 Jun 2015

By Paul McBeth July 1 (BusinessDesk) - Meridian Energy and New Zealand Aluminium Smelters have given themselves another month before the Tiwai Point smelter owner will have to make a decision on the operation's future. NZAS was due to decide on the smelter's future today after stitching up a deal in 2013 before the company's partial privatisation where it negotiated cheaper electricity tariffs with its main supplier, Meridian. The smelter owner had until today to decide whether to roll over those contracts, reduce consumption, or signal a...

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