Mercury to Rio - Make your mind up

Tue, 25 Feb 2020

Rio Tinto needs to offer New Zealand a greater long-term commitment to the Tiwai Point aluminium smelter to warrant additional support, Mercury NZ chief executive Fraser Whineray said.Requests for lower power prices from the country’s biggest electricity user are “getting a bit tedious,” he told analysts on a conference call with investors today.The 48-year-old smelter at Bluff will close within the lifetime of new generation Mercury is building, all of which is in the North Island, and the company is “relatively indifferent” as to whether it s...

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