Fund manager: NZ Aluminium Smelter announcement expected

Fund manager: NZ Aluminium Smelter announcement expected
CEO Chris Blenkiron says there's a positive pathway for the Tiwai Point aluminium smelter. (Image: Getty)
Riley Kennedy
News that New Zealand’s Aluminium Smelter (NZAS) is investigating future power arrangements beyond 2024 reconfirms what the market had expected, a fund manager says. However, the negotiations will not be a certainty with the playing field changed since the smelter last negotiated a power deal.The Rio Tinto-controlled Tiwai Point smelter said this morning it has started working with power companies to explore a future past the 2024 point when its existing contract with Meridian Energy ends.“There is lots of work to do, but we be...

More Energy

Keith Turner staying as Transpower chair to May
Infrastructure

Keith Turner staying as Transpower chair to May

The 75-year-old energy sector veteran hopes for more time for fishing next year.

Ian Llewellyn 31 Oct 2024
Mercury announces reshuffle at its top table
Finance

Mercury announces reshuffle at its top table

The two new members of the executive team are internal candidates.

Shane Jones: what NZ has that Singapore needs
Primary Sector

Shane Jones: what NZ has that Singapore needs

NZ has the food and the energy to meet Singapore's needs.

Ian Llewellyn 30 Oct 2024
Channel could import LNG but won't wear the risk
Infrastructure

Channel could import LNG but won't wear the risk

Channel says other options besides LNG could better help fill the energy shortage.

Ian Llewellyn 25 Oct 2024