End the talk, do a deal: Contact's message to Rio Tinto

End the talk, do a deal: Contact's message to Rio Tinto
Contact boss Mike Fuge is frustrated at how long it is taking to get a deal done over Tiwai smelter. (Image: Contact)
Ian Llewellyn
It is time for the talks over the future of the Tiwai Pt aluminium smelter to end and get a deal settled, Contact Energy chief executive Mike Fuge says.Speaking at the company’s annual meeting in Wellington on Wednesday, Fuge and chair Rob McDonald addressed some of the uncertainties hanging over the sector.These included the future of the smelter, handling the transition away from gas, and government policy.The smelter is the country’s single largest electricity user and its current supply contract ends at the end of 2024.Talks wit...

More Energy

ComCom delays Manawa takeover deal decision
Markets

ComCom delays Manawa takeover deal decision

Due on Dec 24, the decision will now be in March.

Ian Llewellyn 20 Dec 2024
Power price shock info requested
Energy

Power price shock info requested

It's feared households may be in for a nasty surprise. 

Ian Llewellyn 19 Dec 2024
Mercury speculation brings opportunity
Markets

Mercury speculation brings opportunity

The sell-off of shares is due to belief Mercury will drop from the MSCI index.

Ian Llewellyn 19 Dec 2024