Meridian Energy notes today’s media coverage on the future of the Tiwai Point aluminium smelter. Meridian confirms it is not in discussions with the smelter’s owner, NZAS1, about a new electricity contract. The existing contract between Meridian and NZAS ends on 31 December 2024.
1NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Company Limited (20.64%).
Analysts believe the casino operator’s NZICC claim is unlikely to succeed.
That figure feels expensive to one analyst on this side of the Tasman.
A generation of business owners are starting to get "exit ready", Link says.
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