Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Listed Companies
Mercury to Rio - Make your mind up
Rio Tinto needs to offer New Zealand a greater long-term commitment to the Tiwai Point aluminium smelter to warrant additional support, Mercury NZ chief executive Fraser Whineray said.Requests for lower power prices from the country’s biggest electricity user are “getting a bit t...
Property
Summerset sees no underlying earnings growth in 2020
Summerset reported an 8 percent lift in its underlying profit in calendar 2019 but isn’t expecting any growth this year - for the first time since listing - because it is paying its workers more and development margins are falling.The retirement village operator and developer sai...
Listed Companies
Mercury cuts guidance on dry conditions
Mercury NZ trimmed its full-year earnings guidance by $10 million, citing declining hydro-electric water storage in the North Island.The elecricity generator and retailer, which today reported a 15 percent slide in first-half operating earnings, said it expects full-year earnings...
Listed Companies
Rio Tinto reports $46.2m loss at Tiwai Point
Rio Tinto reported a $46.2 million underlying loss from its New Zealand aluminium smelting interests in 2019 - despite near-record production.The company owns 79.4 percent of the Tiwai Point aluminium smelter, which produced 353,293 tonnes of saleable metal last year, the most si...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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