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tiwai point

BusinessJune 28

Decision on power for smelter

Wednesday is ''D day'' for the future of the Tiwai Point aluminium smelter near Bluff when its owners decide whether they want to give Meridian Energy notice they want to terminate the smelter's electricity contract.
Decision on power for smelter
Decision on power for smelter
BusinessJune 25

Tiwai smelter again in red, despite $30m government handout

Despite a $30 million government handout to Tiwai Point aluminium smelter owner Rio Tinto during the past year, the plant's full-year result again plunged into the red.
Tiwai smelter again in red, despite $30m government handout
Tiwai smelter again in red, despite $30m government handout
BusinessJune 6

Meridian boss briefs investors

Six months after its partial listing by the Government, Meridian Energy is confident of hitting prospectus targets, but its boss concedes the future of Tiwai Point aluminium smelter remains the elephant in the room.
Meridian boss briefs investors
Meridian boss briefs investors
BusinessMay 20

'Significant financial impact' to NZAS

Tiwai Point owner New Zealand Aluminium Smelters (NZAS) has delivered a warning it is still scrutinising the plant's ''ongoing commercial competitiveness'', as it considers appealing an Employment Court ruling against it.
'Significant financial impact' to NZAS
'Significant financial impact' to NZAS
BusinessMay 19

NZAS considering appeal grounds

Tiwai Point operator New Zealand Aluminium Smelters (NZAS) is reviewing ''the implications'' of an Employment Court decision, upholding a ruling that it must pay $19 million to workers shortchanged over 23 years of lieu day entitlements.
NZAS considering appeal grounds
NZAS considering appeal grounds
BusinessJanuary 22

Indonesian decision boost for Bluff smelter

The decision by Indonesia to implement its threatened ban on unprocessed ore exports offers some hope for the beleaguered aluminium industry.
Indonesian decision boost for Bluff smelter
Indonesian decision boost for Bluff smelter
BusinessDecember 10

Smelter may owe $19m

It could cost New Zealand Aluminium Smelters $19 million to compensate eligible shift workers underpaid lieu day payments, the Employment Court heard yesterday.
Smelter may owe $19m
Smelter may owe $19m
BusinessAugust 9

Tiwai owner withdrawn from sale

Pacific Aluminium, the Rio Tinto subsidiary which owns the Tiwai Point smelter, has been withdrawn from sale.
Tiwai owner withdrawn from sale
Tiwai owner withdrawn from sale
SouthlandAugust 8

Smelter gets Meridian, Govt lifeline

The signing of an electricity deal with Meridian Energy and a one-off injection of $30 million from the Government guarantee the future of the Tiwai Point aluminum smelter for at least two and a-half years and hopefully beyond, the chairman of the company which operates the plant says.
Smelter gets Meridian, Govt lifeline
Smelter gets Meridian, Govt lifeline
BusinessMay 13

Smelter operator to appeal ERA finding on holiday lieu days

New Zealand Aluminium Smelters has lodged an appeal in the Employment Court saying an early decision imposed millions of dollars in additional costs on the operator of the Tiwai Point aluminium smelter.
BusinessApril 11

Mighty River says Tiwai impact no problem

On the eve of Mighty River Power's partial float, chief executive Doug Heffernan is unfazed by either the controversy surrounding the future of the Tiwai Point smelter, or the immediate risks the state-owned enterprise faces from North Island drought.
Mighty River says Tiwai impact no problem
Mighty River says Tiwai impact no problem
BusinessApril 7

Anything but deal on price 'a failure'

All the cards do not rest with Rio Tinto in the stalled negotiations over electricity contracts with the Tiwai Point aluminium smelter, WHK New Zealand chief executive Phil Mulvey says.
Anything but deal on price 'a failure'
Anything but deal on price 'a failure'
BusinessApril 7

Tiwai close will cost port

Listed South Port at Bluff, in Southland, faces losing millions of dollars in revenue from cargo and lease arrangements if Rio Tinto begins closing its Tiwai Point aluminium smelter.
BusinessApril 5

Global prices on roller coaster

Central to operations of debt-laden Rio Tinto's loss-making and ageing Tiwai Pt aluminium smelter in Southland has been the roller-coaster ride of global aluminium prices - at present more than 40% down on the all-time 2008 high.
Global prices on roller coaster
Global prices on roller coaster
BusinessApril 5

Uncertainty taints the air

An air of fear and uncertainty hangs over Invercargill and Southland as politicians and bureaucrats decide the fate of thousands of jobs in the area. Negotiations on electricity supply to the Tiwai Point aluminium smelter have reached a stalemate - but not all hope is lost, business editor Dene Mackenzie finds.
Uncertainty taints the air
Uncertainty taints the air
NationalApril 4

Shadbolt pushing power use debate

The Invercargill City Council and Venture Southland will invest heavily to generate a public debate on electricity use in New Zealand, if Invercargill Mayor Tim Shadbolt has his way.
Shadbolt pushing power use debate
Shadbolt pushing power use debate
BusinessApril 4

Suspicion at smelter power snag

Meridian Energy is being accused of deliberately withdrawing from talks with Pacific Aluminium on the eve of Easter, leaving the operator of the Tiwai Point aluminium smelter with no room to move.
Suspicion at smelter power snag
Suspicion at smelter power snag
OpinionApril 3

Southland shock should be mitigated

Peter Lyons looks at the issues facing the Government over the Tiwai aluminium smelter.
Southland shock should be mitigated
Southland shock should be mitigated
BusinessMarch 14

Tiwai production cut temporary

New Zealand Aluminium Smelters (NZAS) says cutting production at Tiwai Point by 5% is only a temporary measure, with no immediate impact on staffing levels.
BusinessOctober 29

Rio Tinto halts Tiwai capital expenditure

A total of $70 million in capital and maintenance expenditure at the loss-making Tiwai Pt aluminum smelter near Bluff has been halted in its tracks by its Australian owner, mining giant Rio Tinto.
BusinessOctober 11

Smelter talks 'not broken'

Reports that Meridian Energy walked away from talks with the owners of the Tiwai Pt aluminum smelter last week are simply false, its chief executive Mark Binns says.