Meridian CEO Mark Binns hopes Tiwai smelter will stay, 'but not at any cost'

Thu, 27 Oct 2016

By Fiona Rotherham Oct. 28 (BusinessDesk) - Meridian chief executive Mark Binns says the South Island electricity generator and retailer wants to see the Tiwai Point aluminium smelter stay, “but not at any cost”. At today’s annual general meeting in Christchurch, Binns told shareholders that he had recently returned from seeing investors in the UK and US where the smelter is always the first issue for discussion. That was “not surprising, given the smelter uses 12 percent of New Zealand’s electricity and its future has implications for...

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