New Zealand Aluminium Smelter chief executive Stew Hamilton is fronting up to local business and a “deeply disappointed” Mayor Tim Shadbolt as the community looks for options following this morning’s revelation that Tiwai Point will shut down its smelter furnaces next year and le...
The government has slammed shut the tiny window of opportunity that might have existed to keep the Tiwai Point aluminium smelter open.
Energy stocks sank in early trading after Rio Tinto said it will shut the aluminium smelter at Tiwai Point next year, wiping more than $2.8 billion off the value of the country's five biggest electricity generator-retailers. New Zealand Aluminium Smelter - a joint venture betw...
The closure of the Tiwai Point aluminium smelter will mean short-term disruption to the electricity market, with generators postponing some planned new power stations and grid operator Transpower needing to scramble to improve large-scale transmission from the South to the North...