Short term subsidies only for smelter, Ryall says

Thu, 28 Mar 2013

By Pattrick Smellie March 28 (BusinessDesk) - The government is "not interested in subsidising a foreign multinational in the long term," State-Owned Enterprises Minister Tony Ryall told Parliament in response to opposition taunts about his intervention in electricity price negotiations for supply to the Bluff aluminium smelter. Ryall also indicated Meridian Energy is no longer leading negotiations with Rio Tinto-owned Pacific Aluminium, majority owner of New Zealand Aluminium Smelters, which runs the Tiwai Point smelter, which directly emplo...

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