South Port posts record profit even as smelter cuts production

Thu, 22 Aug 2013

By Pam Graham Aug. 22 (BusinessDesk) – Record imports of fertiliser and a resurgence of log exports were not enough to make up for the business lost to South Port when New Zealand Aluminium Smelters (NZAS) cut production at its Tiwai aluminium smelter. The operator of Bluff’s port reported cargo volume declined by 7 percent to 2.51 million tonnes in the year ended June 30 from a record in the previous year. Approximately 100,000 tonnes, or about 56 percent, of the reduction in volume related to NZAS, which continues to operate the smelter 1...

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