Port of Tauranga signals strong earnings despite Q1 freight decline
Primary Sector

Port of Tauranga signals strong earnings despite Q1 freight decline

Port of Tauranga is forecasting a full-year profit of up to $101 million despite slightly weaker cargo volumes in the September quarter and a 6 percent decline in earnings. The country’s largest port will likely report full-year earnings of $96 million to $101 million, chief e...

Gavin Evans 25 Oct 2019
Heavy lifting ahead for emissions partnership
Primary Sector

Heavy lifting ahead for emissions partnership

Farming groups will spend at least $25 million a year to develop tools and technologies for measuring and reducing agricultural emissions while working with government to develop an on-farm emissions pricing system by 2025.The five-year agreement, heralded as a “world-first” part...

Gavin Evans 24 Oct 2019
No govt cash for Tiwai Point - Woods
Infrastructure

No govt cash for Tiwai Point - Woods

The government has signalled it won’t be providing additional financial support to the Tiwai Point smelter.Global mining giant Rio Tinto is reviewing the plant’s future and said it intended to talk directly with the government as part of its efforts to find a profitable track for...

Gavin Evans 23 Oct 2019
Rio Tinto reviewing future of Tiwai Point smelter
Infrastructure

Rio Tinto reviewing future of Tiwai Point smelter

Global mining giant Rio Tinto is reviewing the future of the Tiwai Point aluminium smelter, including possibly closing the site near Bluff.The plant, which employs about 990 staff and contractors, makes more than 340,000 tonnes of aluminium annually and is the country’s biggest e...

Gavin Evans 23 Oct 2019