No more govt sweeteners to keep Tiwai Point open, Key says

Mon, 20 Jul 2015

By Pattrick Smellie July 20 (BusinessDesk) - The foreign owners of the Tiwai Point aluminium smelter have had discussions with Finance Minister Bill English about further sweeteners to keep the New Zealand's most energy-intensive industrial plant open and been told there is no scope for further assistance, says Prime Minister John Key. The smelter's majority owner, Anglo-Australian metals giant Rio Tinto, wrung $30 million in cash out of the government in 2013 when it forced its electricity supplier, Meridian Energy, to cut the price of e...

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