Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Listed Companies
Power cut, tanker rates push Refining NZ margins to 5-yr low
Margins at the Marsden Point refinery fell to a five-year low in 2019, compounded by a power cut in November and high tanker costs late in the year.The country’s sole oil refinery processed a record 42.69 million barrels of crude, up 5.5 percent from the year before, but its aver...
Listed Companies
PaySauce to raise $5.8m, convert notes to equity
PaySauce plans to raise $5.8 million from a one-for-seven pro-rata renounceable rights offer to help expand its New Zealand presence and its push into other markets. The payroll software provider is also requiring the convertible notes it issued in June 2019 to convert to shar...
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Primary Sector
Rio Tinto reiterates Tiwai position as aluminium prices stay weak
ASX-listed mining giant Rio Tinto is lobbying on both sides of the Tasman as it seeks cheaper energy for its aluminium smelters.The majority owner of the Tiwai Point smelter said the aluminium industry continued to face low profitability in what it described as challenging condit...
Retail
NZ's Laybuy looks to deeper Aussie market for listing
New Zealand buy now, pay later provider Laybuy plans to list on the Australian stock exchange by May as it looks to benefit from a trail blazed by Afterpay. The aim is to raise around A$45 million in an initial public offering, following a pre-IPO capital raising of A$10 million...
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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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