NZ power discount saves Rio smelter

Original article by Nick Evans
The Australian – Page: 19 : 15-Jan-21

Rio Tinto has secured a new electricity supply deal with Meridian Energy that will allow its Tiwai Point aluminium smelter in New Zealand to remain open for another four years. Rio Tinto had announced in mid-2020 that the smelter would be shut down due to high electricity costs, but it will now remain operational until the end of 2024. However, the near-term future of Rio Tinto’s three aluminium smelters in Australia is still uncertain.

CORPORATES
RIO TINTO LIMITED – ASX RIO, MERIDIAN ENERGY LIMITED – ASX MEZ

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