Smelter faces closure under ETS
The true dangers of being a “world leader” instead of moving in pace with our major trading partners was exposed yesterday as the owners of the Tiwai Point aluminium smelter near Invercargill announced...
View ArticleTiwai Point
David Shearer in his big speech last week said: Tiwai point could have been an obsolete aluminium smelter decades ago, but it didn’t work out that way. That’s because management and workers at NZ...
View ArticleRio Tinto
James Weir at Stuff reports: Opposition parties say Tiwai Point smelter’s majority owner is trying to force the Government into a subsidy for the $1 billion a year aluminium plant in a deal with not...
View ArticleWould the closure of Tiwai Point impact the sale prices?
Tamsyn Parker at NZ Herald reports: Analysts said the negotiation issue could have a small negative effect on the pricing of Mighty River Power’s shares. Milford Asset Management senior analyst William...
View ArticleThe best deal is no deal
The Herald editorial: Rio Tinto is doubtless more than happy that the Government has stepped in to try to broker a deal over the electricity supply contract for the Tiwai Pt aluminium smelter. The...
View ArticleComments on Tiwai Point
Some interesting comments were made yesterday on the Tiwai Point thread, with people disagreeing with me that the Government should not be involved: Jack5 said: In a detailed post by “Tempest” in...
View ArticleTiwai Point
Patrick Smellie does some excellent analysis of Tiwai Point: A UBS research report issued in November 2011, just after Rio put its New Zealand and Australian smelters up for sale as Pacific Aluminium,...
View ArticleMeridian and Tiwai Point
Stuff reports: Southland Chamber of Commerce chief executive Richard Hay urged people to consider what was really going on. Pacific Aluminium, a business unit of Rio Tinto and the majority shareholder...
View ArticleRio Tinto screws taxpayers for $30 million
The Herald reports: Meridian Energy has resolved its negotiations with Rio Tinto subsidiary New Zealand Aluminium Smelters locking in the Tiwai smelter until at least January 2017 – with the help of a...
View ArticleRio Tinto profits
Stuff reports: Rio Tinto will not reimburse the $30 million Government subsidy it received to keep Tiwai Point open, in spite of posting a $3.7 billion 2013 profit. Opposition parties have slammed the...
View ArticleTiwai stays open
The Herald reports: lectricity company share prices rose on news that the Tiwai Point aluminium smelter will remain open and run at full capacity at least until the end of 2017, even though Meridian...
View ArticleDisagreeing with Damien
Stuff reports: We are beginning the perennial dance between the Crown and Rio Tinto, majority owners of the Tiwai aluminium smelter.Last time we did this tango John Key ignored Treasury advice and...
View ArticleTiwai Point closing
Stuff reports: Rio Tinto has said it will close the Tiwai Point aluminium smelter.The company said in an announcement on Thursday it would start planning for the eventual closure of New Zealand...
View ArticleSelling snake oil
Stuff reports: NZ First Leader Winston Peters says he’s not just in Invercargill for his public meeting to “Save Tiwai” because it’s an election year. Winston’s claims he can “Save Tiwai” should be...
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