No govt cash for Tiwai Point - Woods

Wed, 23 Oct 2019

The government has signalled it won’t be providing additional financial support to the Tiwai Point smelter.Global mining giant Rio Tinto is reviewing the plant’s future and said it intended to talk directly with the government as part of its efforts to find a profitable track for it.The plant, which employs about 990 staff and contractors, is struggling with global aluminium prices near a three-year low, high alumina prices and sustained high wholesale power prices.It received $30 million from the former Key government in 2013, when it also sec...

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