Tiwai Point's future secured, Rio Tinto says

Tiwai Point will make energy available to New Zealand during times of need. (Image: Getty)

Fri, 31 May 2024

New Zealand Aluminium Smelters has signed 20-year electricity arrangements that secure the future of the Tiwai Point aluminium smelter, owner Rio Tinto says.The British-Australian multinational and Japan-listed company Sumitomo Group owns the smelter via the joint venture NZ Aluminium Smelters (NZAS). NZAS has signed contracts with electricity generators Meridian Energy, Contact Energy and Mercury to set pricing for an aggregate of 572 megawatts (MW) of electricity to meet the smelter’s electricity needs.The agreements, subject to re...

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