Window still open for Tiwai Point – NZAS boss

Window still open for Tiwai Point – NZAS boss
Paul McBeth
There’s still a window of opportunity to keep the Tiwai Point aluminium smelter open, but it’s closing rapidly, according to New Zealand Aluminium Smelters chief executive Stewart Hamilton. Controlling shareholder Rio Tinto today said it has given notice to terminate its contract with electricity supplier Meridian Energy, which ends at the end of August next year. That was the outcome of a nine-month strategic review of the business, which was meant to have been wrapped up at the end of March, but dragged on when the covid-19 pandemic turned...

More Economy

RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025