Economy

Window still open for Tiwai Point – NZAS boss

Paul McBeth
Thu, 09 Jul 2020

Window still open for Tiwai Point – NZAS boss
Paul McBeth
Thu, 09 Jul 2020
There’s still a window of opportunity to keep the Tiwai Point aluminium smelter open, but it’s closing rapidly, according to New Zealand Aluminium Smelters chief executive Stewart Hamilton. Controlling shareholder Rio Tinto today said it has given notice to terminate its contract with electricity supplier Meridian Energy, which ends at the end of August next year. That was the outcome of a nine-month strategic review of the business, which was meant to have been wrapped up at the end of March, but dragged on when the covid-19 pandemic turned...

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