NZAS records turnaround pre-Tiwai energy deal

NZAS records turnaround pre-Tiwai energy deal
NZAS has secured new 20-year energy agreements to continue operating its Tiwai Point smelter. (Image: Getty)
Denise McNabb
New Zealand Aluminium Smelters, fresh from its announcement last week that it had secured 20-year electricity agreements to guarantee the future of the Tiwai smelter, has posted a $59.9 million profit on $1.05 billion revenue for the year to Dec 2023. It marks a turnaround from the previous year when it reported a $68.8m net loss on the back of $829.6m revenue.The accounts, signed off by directors on March 28, 2024, gave no indication in the section itemising events after the reporting date that the deal with the three energy companie...

More Infrastructure

Mainfreight praises 'logical, sensible' rail ferries decision
Infrastructure

Mainfreight praises 'logical, sensible' rail ferries decision

Port companies on both side of the Cook Strait also welcome increased certainty.

Oliver Lewis 5:00am
Meet your new ferries, New Zealand
Infrastructure

Meet your new ferries, New Zealand

Winston Peters confirms new Interislander ferries will be rail-enabled.

Oliver Lewis 31 Mar 2025
Developers make unsolicited bids for prime Chch rebuild site
Policy

Developers make unsolicited bids for prime Chch rebuild site

Crown Infrastructure Delivery is weighing up options for the massive site.

Oliver Lewis 28 Mar 2025
Govt support to unlock billions for community housing
Policy

Govt support to unlock billions for community housing

It's been called a watershed day for the community housing sector.

Oliver Lewis 27 Mar 2025