South Port goes into bat for Tiwai Point smelter

Paul McBeth
Fri, 08 Nov 2019

South Port New Zealand is the latest Southland firm throwing its support behind the Rio Tinto-controlled smelter across the harbour at Tiwai Point, saying the government should take the closure threat seriously. New Zealand Aluminium Smelters accounts for 33 percent of the cargo volume through the country's southern-most port, although South Port is paid a fixed licence fee rather than wharfage revenue based on tonnage. That arrangement - fixed until 2043 - mitigated the impact of a potential closure, which chair Rex Chapman said would be...
Coronavirus
Southern Cross Travel to shed 45 jobs
Brent Melville | Tue, 02 Jun 2020

Southern Cross Travel Insurance plans to cut half of its remaining workforce in the wake of limited travel under covid-19 restrictions, although the rest of the group remains unscathed. The company...

Markets
MARKET CLOSE: NZ shares soar as investors get FOMO
Dan Brunskill | Tue, 02 Jun 2020

New Zealand shares rose as investors found confidence in the Prime Minister bringing forward a decision about the move to alert level 1. Tourism Holdings and Gentrack led the market higher with double...

Property
Metlifecare seeks shareholder support for action against ex-suitor, EQT
Paul McBeth | Tue, 02 Jun 2020

Metlifecare will seek shareholder support to pursue litigation against its former suitor after the High Court rejected an application that would have preserved a shareholder vote on the teetering $1.5...

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Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks