Tiwai to continue operations through 2024
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Tiwai to continue operations through 2024
14 January 2021 – Mercury notes Rio Tinto’s announcement that it has agreed a new electricity agreement
with Meridian Energy that allows the continued operation of the Tiwai Point aluminium smelter until
December 31, 2024.
Rio Tinto stated that: “While discussions with the New Zealand government are progressing in relation to their
commitment to address the smelter’s high transmission costs, a new agreement has been reached with Meridian
Energy in relation to power prices, making the smelter economically viable and competitive over the next four
years.”
ENDS
Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited
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Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MEL — Meridian Energy Limited: Rio Tinto confirms Tiwai exit in December 20242021-01-13
“PG 1 Rio Tinto confirms Tiwai exit in December 2024 14 January 2021 Meridian Energy confirms that global mining giant Rio Tinto has accepted new contract terms offered by Meridian, effective from today, 14 January 2021 and will now be continuing operations at the NZAS 1…”
- MEL — Meridian Energy Limited: Meridian Conference Call Details on Tiwai Exit2021-01-14
“PG 1 Meridian Conference Call Details on Tiwai Exit in December 2024 14 January 2021 Following Rio Tinto’s acceptance of new contract terms with Meridian to continue operations at the Tiwai Point Aluminium Smelter through to December 2024, Meridian Chief Executive, Neal Ba…”
- CEN — Contact Energy Limited: Contact says extension for NZAS is good news2021-01-13
“14 January 2021 Contact says extension for NZAS is good news Contact Energy (‘Contact’) CEO Mike Fuge welcomed the news that the life of New Zealand’s Aluminium Smelter (‘NZAS’) at Tiwai Point will be extended until at least the end of 2024 while an economic trans…”