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Meridian and NZAS Sign Long Term Contracts

M&A30 May 2024MELUtilities

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m e r i d i a n e n e r g y . c o . n z

Stock Exchange Listings NZX (MEL) ASX (MEZ)

Meridian and NZAS Sign Long Term Contracts


31 May 2024

Meridian Energy and New Zealand’s Aluminium Smelter (NZAS)

1

have signed a package of conditional

20-year contracts for part of the NZAS Tiwai Point aluminium smelter’s electricity needs. The package

includes a long-term fixed price contract for wholesale electricity price cover and a significant demand

response agreement.

Meridian Energy Chief Executive Neal Barclay says the agreement is an excellent result after many years

of hard work.

“This is a fantastic outcome for New Zealand and the Southland region. It’s further proof that large

industrial businesses can utilise New Zealand’s renewable energy advantage and create low carbon

sustainable products, high value jobs and export dollars for our country.”

“We are very pleased that the NZAS team have adopted a more flexible approach toward their

operations. The demand response element of this new agreement is groundbreaking, not only for this

country but globally. The level of flexible demand offered by NZAS will support the electricity system to

become even more renewable, while relying less on coal and gas when the hydro lakes are low.”

Mr Barclay says the contracts are also a good result for Meridian.

“This new package of contracts is commercially sustainable and delivers value for our shareholders, so

we are talking a real win-win here. The NZAS decision to extend the smelter life removes significant

uncertainty for the electricity sector, which also helps pave the way for new renewable energy to be

built.”

Meridian will now consider implications on future pipeline investment and dividend policy. An update

on the dividend policy can be expected at Meridian’s full year results briefing in late August.

Key terms of the long-term contracts include:


377 MW base load volume from 2025


pricing that begins 1 July 2024 with a 20-year term, up to and including 31 December 2044


four demand response options, ranging from 25 MW to 185 MW – an upper limit that roughly

equates to one of Huntly’s Rankine units. Three quarters of a called option will come off

Meridian’s contracted volume


1

NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Company Limited (20.64%)


m e r i d i a n e n e r g y . c o . n z

PG 2


A maximum of approximately 800 GWh of demand response is available in any given year, with an

average of approximately 400 GWh per annum over the 20-year term of the contract. This will be

valuable during periods of low lake inflows, providing critical dry year cover to the electricity system.

The new arrangements will replace all the current arrangements between Meridian and NZAS, with the

current arrangements terminating when the new arrangements take effect.

The contracts are conditional on satisfaction of conditions precedent, which include regulatory approval

from the Electricity Authority. If approval is given, the contracts will take effect from the later of 1 July

2024 and the date Meridian confirms to NZAS that all conditions precedent are satisfied or waived. If

conditions precedent are not all satisfied or waived before 31 December 2024, the contracts will not

come into effect.

NZAS has provided Meridian with a letter setting out their commitment to environmental remediation

of the smelter site, including details of their work to date with key stakeholders. A copy of the

environmental remediation letter accompanies this release.

A copy of the long-term electricity contract, the demand response agreement and the other related

conditional contracts signed by Meridian and NZAS are available here. A summary of the key terms of

the long-term electricity contract and the demand response agreement accompanies this release.

ENDS

Neal Barclay

Chief Executive

Meridian Energy Limited


Investor & Media Briefing

Neal Barclay and Meridian CFO Mike Roan will host an investor and media call via Microsoft Teams at

11am NZST (9am AEST) today. This will include an opportunity to ask questions. Click here to register for

this call. Pre-registration is required to attend.

Please note:

• For the Q&A, guests will be required to raise their (virtual) hand if they wish to ask a question.

This will place you in the queue. When invited to ask your question, you will need to unmute

your microphone. There will be no chat available for written questions.

• When you join the meeting, your name will appear to all meeting participants.

• The call will be recorded and a replay posted to the investor presentations page of the Meridian

website. Meridian’s Privacy Policy applies.


Media Interviews

Mr Barclay also has limited availability for media interviews from 9.45am to 10.30am NZST. See media

contact below.


m e r i d i a n e n e r g y . c o . n z

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Background


On 23 October 2019, Meridian was advised by the New Zealand Aluminium Smelters Limited’s

(NZAS) major shareholder Rio Tinto, that it intended to initiate a strategic review of the Tiwai Point

Aluminium Smelter.


On 9 July 2020, Rio Tinto gave notice it was terminating the contract with Meridian relating to the

Tiwai Point Aluminium Smelter, with effect on and from 31 August 2021.


On 14 January 2021, Rio Tinto accepted new short term ‘staged exit’ contract terms offered by

Meridian, effective from that date through to 31 December 2024.


On 28 July 2022, Meridian noted NZAS’s statement that they had begun exploring potential

pathways for the smelter to remain operational after December 2024 and announced that it would

engage in contract negotiations with NZAS as part of the process.



For investor relations queries, please contact:

Owen Hackston

Investor Relations Manager

021 246 4772

For media queries, please contact:

Philip Clark

Head of Communications

027 838 5710


31 MAY 2024
NZAS Contract Announcement

New Zealand aluminium smelter, Tiwai Point, Southland

1
NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Company Limited (20.64%)

§Meridian Energy and Rio Tinto have conditionally signed a package of long-term contracts

for part of the NZAS

1

Tiwai Point aluminium smelter’s electricity needs.

§The package includes a long-term fixed price contract for wholesale electricity price cover

(Base Contract) and a demand response agreement.

§The Base Contract includes the following elements:

§sustainable pricing that begins 1 July 2024,

§a 20-year term, up to and including 31 December 2044,

§377 MW base load volume from 2025.

§The demand response agreement gives Meridian four demand response options that

incentivise the smelter to reduce consumption, in blocks ranging from 25 MW to 185 MW.

2

Today’s announcement

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

§The contracts are subject to satisfaction of conditions precedent, including:
§NZAS agreeing terms with other parties, and

§Regulatory approval from the Electricity Authority.

§Effective Date is the later of 1 July 2024 or the satisfaction of conditions precedent. If the

contracts take effect, regardless of the Effective Date, the pricing is backdated to 1 July

2024.

§Conditions precedent must be satisfied before 31 December 2024, unless waived.

3

Today’s announcement

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

Meridian NZAS contracts – further detail
4

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

Base Contract for difference

§472MW from Effective Date to 31 December 2024.

§377MW from 1 January 2025.

§New pricing from 1 July 2024 with annual price escalation based on CPI from start of 2028,

conditional on LME Aluminium Prices in the previous year being higher than the year before

the previous year.

§Term of 20 years to 31 December 2044.However,NZAS may provide 2 years’ notice of

termination any time from 31 December 2032 onwards but must make an irrevocable

payment of $180M to Meridian when providing that notice.

§Aggregate of $235M (first 10 years of term) and $180M (remainder of term) in prudential

support toMeridian in parent company and bank guarantees.

Meridian NZAS contracts – further detail
5

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

Demand response contract

§Flexible demand response with four demand options exercisable by Meridian. An exercised

demand option reduces the volume of cover provided by Meridian under the Base Contract by

the demand option volume.

§The sizes of the four demand options are 138.75MW, 75MW, 37.5MW, 18.75MW.

§Exercise of a demand option will incentivise NZAS to reduce consumption by 185MW, 100MW,

50MW or 25MW (as applicable).

§Payment of half of the annual premium depends on NZAS's compliance with demand response

calls.

§Strike price payable based on actual reduction.

§Annual price escalation based on CPI from start of 2028, conditional on LME Aluminium Prices

in theprevious year being higher than the year before the previous year.

§Term of 20 years as per the Base Contract and terminates automatically on termination of Base

Contract.

§Maximum of approximately 800 GWh of demand response is available in any given year, with

an average of approximately 400 GWh per annum over the term.

Meridian NZAS contracts – further detail
6

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

Demand response contract – summary of demand options

Option

Equivalent

reduced

consumption

(MWh per

hour)

ExercisableReduction


from Meridian

demand response

agreement

(MWh per

hour)

Usual

Ramp-

Down

Notice

Period

DR Period

(equivalent

number of days)

Usual Ramp-

Down Period

(equivalent

numberof days)

Usual Ramp-Up

Notice Period

(equivalent

number ofdays)

Usual Ramp-Up

Period

(equivalent

number ofdays)

Maximum Calls

12518.75

3 Business

Days

Minimum 10 days,

maximum 150days

5 days3 days15 days

Unlimited, but the

Option cannotbe

exercised more than 4

times inany 12-month

period

250 37.5

3 Business

Days

Minimum 15days,

maximum145 days

10 days3 days30 days

Unlimited, but the

Option cannotbe

exercised more than 2

times inany 18-month

period

3100 75

3 Business

Days

Minimum 22days,

maximum137days

18 days5 days100 days

The Option cannot be

exercisedmore than 8

times over the Term

4185 138.75

5 Business

Days

Minimum 30

days,

maximum75 days

25 days5 days200 days

The Option cannot be

exercisedmore than 4

times over the Term

Stand down periods apply between the exercise of options.

572572
-50-50

472

377377

-138.75-138.75-138.75

-200

-100

0

100

200

300

400

500

600

20231H 20242H 2024

2025 → 20322033 → 2044

MW

Calendar Year

NZAS contracts

Current CfDCurrent demand responseBase ContractDemand response

Meridian NZAS contracts

7

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

earliest termination notice date, with

minimum 2 years’ termination notice period

off Base Contract

volume

2

Follows smelter load, with minimum volume of 540MW and maximum volume of 572MW.

3

If called, the current demand response reduction volume of up to 50MW comes off the volume of the Current CfD between Meridian and NZAS. Meridian and NZAS have separately

agreed an up to 20MW peak demand response agreement for winter 2024 (effective 3 June 2024).

4

If called, the demand responsereduction volume comesoff the volume of the Base Contractbetween Meridian and NZAS.

4

up to

up to

up to

off Base Contract

volume

off Base Contract

volume

up to -50MW off

Current CfD volume

up to -50MW off Current

CfD volume; -20MW if

peak product called -

effective 3 June 2024

subject to satisfaction of conditions precedent

3

2


540


540

Current arrangements
8

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

§The current arrangements between

Meridian and NZAS, including the electricity

agreement, 2023/2024 demand response

agreement and 2024 peak demand

response agreement will all terminate at

midnight on the day before the date the

new arrangements take effect.

§If the new arrangements do not come into

effect, the current arrangements will expire

at the end of 2024 at the latest (if they have

not otherwise expired or been terminated

earlier).

9
Closing comments

§This major milestone removes significant

uncertainty for the people of Southland.

§The smelter’s commitment to a long term

relationship with New Zealand will facilitate

the development of further renewable

energy options.

§The demand response agreement is

groundbreaking and will provide critical dry

year cover, further supporting

decarbonisation of New Zealand’s economy.

§We also confirm our investor day scheduled

for 24 and 25 June will proceed. You will

hear more about this in the next few days.

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

10
Disclaimer

The information in this presentation was prepared by Meridian

Energy with due care and attention. However, the information is

supplied in summary form and is therefore not necessarily complete.

In addition, neither the company nor any of its directors, employees,

shareholders nor any other person shall have liability whatsoever to

any person for any loss (including, without limitation, arising from

any fault or negligence) arising from this presentation or any

information supplied in connection with it.

This presentation may contain forward-looking statements and

projections. These reflect Meridian’s current expectations, based on

what it thinks are reasonable assumptions. Meridian gives no

warranty or representation as to its future financial performance or

any future matter. Except as required by law or NZX or ASX listing

rules, Meridian is not obliged to update this presentation after its

release, even if things change materially.

This presentation does not constitute financial advice. Further, this

presentation is not and should not be construed as an offer to sell or

a solicitation of an offer to buy Meridian Energy securities and may

not be relied upon in connection with any purchase of Meridian

Energy securities.

The information contained in this presentation should be considered

in conjunction with the company’s financial statements, which are

available at:

www.meridianenergy.co.nz/investors

All currency amounts are in New Zealand dollars unless stated

otherwise.

31 MAY 2024NZAS CONTRACT ANNOUNCEMENT

---

COMMERCIAL IN CONFIDENCE
NEW ZEALAND ALUMINIUM SMELTERS LIMITED

Tiwai Road, Invercargill, Southland, New Zealand

Private Bag, 90110, Invercargill 9840

Courier / Delivery Address: 3 Spey Street, Invercargill

+64-3-218-5999

nzas.co.nz

02 May 2024

N

eal Barclay

Chief Executive

Meridian Energy Limited

(via email)

Dear Neal

E

nvironmental Remediation Update

Y

ou have asked for confirmation as to NZAS’ environmental remediation plans.

I

confirm on behalf of NZAS that we are satisfied as to the likelihood of stakeholder acceptance of our

environmental remediation plans, and the significant progress by NZAS on environmental remediation,

addressing outstanding historic issues, and partnering with iwi.

In particular, I would highlight the following:

−N

ZAS’ progressive MOU with Ngāi Tahu, signed in 2022, which has seen the formation of the

Remediation Advisory Working Group (RAWG), between Mana Whenua and NZAS to drive a true

partnership approach to remediation, and ensure iwi involvement in all decisions relating to

environmental efforts at Tiwai. Recent comments from Ngāi Tahu on the success of the partnership are

attached to this letter as is the original MOU announcement (see Annexure 1). The MOU marks a ne

w

c

hapter in NZAS’ long-term partnering with Ngāi Tahu and provides us a substantial foundation fo

r

m

ulti-lateral input on remediation, future planning, as well as partnering and economic development

opportunities.

−O

ngoing extensive monitoring, above and beyond regulatory requirements. A comprehensive review by

GHD in 2023, confirmed overall low risk of ecological impacts from our operations, and assisted NZAS in

identifying specific areas of focus for remediation going forward, which has also been confirmed by the

RAWG as priority areas. A similar, albeit less comprehensive study by Environment Southland, had

broadly similar conclusions and remediation focus areas. (the media release on the GHD report is

enclosed as Annexure 2)

COMMERCIAL IN CONFIDENCE
−Successful repatriation (to the Tiwai smelter site) and export of all ‘Ouvea Premix’ which had been

stored in the community.

−Commencement of export of Spent Cell Lining (SCL) from Tiwai to be processed in Australia and recycled

into cement manufacture, with over 20,000 tonnes planned for export in the next 12 months and

potential for a significant increase moving forward.

−Closure of the onsite landfill in 2022 and commencement of remediation planning for the site.

−Improved operating practices, including the maintenance of the drains (particularly removal of sediment

behind the weirs etc.) to reduce contaminant flux, the implementation of better management processes

for the discharge of stormwater prior to discharge and improvements to stormwater retention systems.

Potential engineered solutions are being explored through our co-design commitment with Ngāi Tahu.

A c

urrent snapshot of the status of the full remediation programme is enclosed as Annexure 3.

Fo

r completeness NZAS is committed to removing all SCL from the site during any remediation process. This

material will then be suitably processed along with any dross residues resulting from the smelting process.

Furthermore, NZAS is dedicated to progressively remediating land and water contamination to meet

appropriate environmental standards. The final closure solution of the landfill will form part of the overall

remediation plan and planning is currently underway with our partners Ngāi Tahu on this.

I t

rust this satisfies your concerns and am happy to discuss these in more detail with you and your team.

Al

though we have more work to do, now and moving forward, we are particularly proud of the significant

progress made in addressing present and historic environmental and operational matters of concern, and of the

platform we have developed internally and with partners, to set NZAS up for success in remediation and

sustainable operations.

Ngā

mihi

Ch

ris Blenkiron

CHIEF EXECUTIVE

ANNEXURE 1



MEDIA RELEASE


26 February 2024


Ngāi Tahu relationship with Tiwai a model for others

The partnership between NZAS, Rio Tinto and Ngāi Tahu is a demonstration of Te Tiriti o Waitangi

partnership in action, according to Jacqui Caine, Te Rūnanga o Ngāi Tahu Group Head of Strategy

& Environment, and a Trustee of Awarua Rūnaka.

Speaking at Te Rau Aroha marae in Bluff on Waitangi Day, Ms Caine shared her perspectives on how

NZAS and Rio Tinto are working collaboratively with Murihiku Rūnaka and Te Rūnanga o Ngāi Tahu

towards delivering against the Memorandum of Understanding (MOU) signed in 2022.

“Ngāi Tahu did not enter this relationship lightly. We wanted any relationship to be something that

went beyond tokenism and nice words, to be something firmly rooted in the expression of partnership

articulated in the Treaty.”

“I feel that we have been able to build a mutually beneficial relationship that is seeing substantial

progress on Tiwai’s site remediation, and engagement on environmental and broader community

programs, to ensure the overall significance and mana of the land, the Rūnaka and our history is taken

into account.”

“This relationship is nested within the Treaty of Waitangi principles of partnership, participation and

protection. The MOU captures a partnership that will ensure the voice of Murihiku Rūnaka is even

stronger regarding remediation and the future of the smelter. Mana whenua now participate in the

discussions on plans to remove waste, conduct environmental monitoring, and remediate the Tiwai

Point site, which is a key priority for mana whenua, NZAS and Rio Tinto.” Ms Caine said.

“The agreement is a commitment by the iwi to share mātauranga Māori (Māori knowledge) and

kōrero tuku iho (history and traditions) relative to Tiwai to support Rio Tinto to responsibly manage and

protect the environment as the future of the smelter is determined,” Ms Caine said.

She said the future of the smelter was a key concern for Awarua, Ngāi Tahu and the wider Southland

economy.

“Tiwai provides jobs for our whānau, and economic activity for our region. With the relationship we as

mana whenua now have with NZAS, we are confident that remediation will continue and that the

future contribution will not just be economic, but also cultural, as our partnership continues to

develop,” Ms Caine said.

NZAS Chief Executive Chris Blenkiron echoed these sentiments.

“The partnership with Ngāi Tahu and Awarua Rūnaka really is making a substantial difference in how

we operate currently, how we both deal with our legacy over 50 years, and how we plan for a future

which will embed a true and enduring partnership.

“The Treaty can often be a vexed topic, but putting its principles around partnership in action, as we

have done with our relationship with Ngāi Tahu and Awarua Rūnaka shows how it can drive tangible

long-term achievements for the benefits of everyone in the community,” Mr Blenkiron said.

The MOU signed in 2022 by Murihiku Rūnaka, Te Rūnanga o Ngāi Tahu, New Zealand Aluminium
Smelters Limited (NZAS) and Rio Tinto Aluminium Limited established a partnership to work together on

restoring the whenua (land) at the Tiwai Peninsula and the future of the Tiwai aluminium smelter

beyond December 2024.

The MOU established a Remediation Advisory Working Group, with representatives from Mana

Whenua and NZAS, and also initiated a NZ$2 million Community Development Fund, to provide

funding for organisations working in wellbeing, cultural, environmental, education and innovation and

economic development initiatives in the Southland community.

ENDS



Media contact:

For media enquiries please contact Senior Communications Advisor, Te Rūnanga o Ngāi Tahu

Crisselda De Leon-Singson, crisselda.deleon-singson@ngaitahu.iwi.nz






MEDIA RELEASE


4 October 2022


New agreement with mana whenua marks a positive step towards a future for Tiwai

Smelter

An agreement has been reached by Murihiku Rūnaka and Te Rūnanga o Ngāi Tahu with the New

Zealand Aluminium Smelters Limited (NZAS) and Rio Tinto Aluminium Limited to work together on

restoring the whenua (land) at the Tiwai Peninsula and the future of the Tiwai aluminium smelter

beyond December 2024.


The agreement was signed on Friday at Te Rau Aroha Marae at Motupōhue (Bluff) by representatives

from Murihiku Rūnaka and Te Rūnanga o Ngāi Tahu.

All parties agreed to work together on plans to remove waste, conduct environmental monitoring,

and remediate the Tiwai Point site, which is a key priority for mana whenua, NZAS and Rio Tinto.

NZAS Chief Executive Chris Blenkiron said “We’re proud to be working alongside Murihiku Rūnaka and

Te Rūnanga o Ngāi Tahu in continuing this important mahi. Their guidance will be invaluable as we

progressively remediate the site.”

“This agreement reinforces the commitments we’ve made to remove waste and remediate the site,

irrespective of the smelter’s future,” he said.

Murihiku Rūnaka hold mana whenua and mana moana over the region and are kaitiaki (guardians)

over the whenua and moana. Murihiku Rūnaka is comprised of four Papatipu Rūnanga including Te

Rūnaka o Awarua, W aihōpai Rūnaka, Ōraka Aparima Rūnaka and Hokonui Rūnanga.

Te Rūnaka o Awarua is leading the partnership on behalf of Murihiku Rūnaka and will actively engage

with NZAS and all parties around remediation, cultural considerations, and future intentions.

Upoko o Te Rūnaka o Awarua Tā Tipene O’Regan has advocated for this partnership and is pleased

to reach this milestone.

“I have always believed there is a future for this land. Now we can engage in responsible

environmental management and look at a long-term future for Tiwai.”

“It is important to note that while the remediation issue is led by Te Rūnaka o Awarua, it is also

supported by other Rūnaka within Murihiku,” he said.

The agreement is a commitment by the iwi to share mātauranga Māori (Māori knowledge) and kōrero

tuku iho (history and traditions) relative to Tiwai to support Rio Tinto to responsibly manage the

environment as the future of the smelter is determined.

Rio Tinto Aluminium Chief Executive Ivan Vella said “NZAS produces some of the lowest carbon, highest

purity aluminium in the world. W e are working hard to secure a longer future for NZAS so it can continue

supporting global decarbonisation, and we must make sure its environmental performance matches

these objectives.”

“Rio Tinto is working to improve our relat ionship with mana whenua and to do this in a way that

recognises their kaitiaki responsibilities. This partnership demonstrates how we intend to operate in

Aotearoa going forward,” he said.

All parties believe the region has a strong future with a range of potential new industries, technologies
and renewable energy bringing new jobs and a wide range of economic benefits.

ENDS



Note to Editors

Image caption: Representatives from Murihiku Rūnaka and Te Rūnanga o Ngāi Tahu sign the

agreement.

Seated L-R: Michael Stevens (Te Rūnanga o Awarua Alt Rep); Rewi Davis (Ōraka Aparima

Rūnaka Rep); Cyril Gilroy (Chair Waihōpai Rūnaka); Terry Nicholas (Hokonui Rūnanga Rep);

Riki Dallas (Kaihautū - General Manager Ōraka Aparima Rūnaka); Dean Whaanga

(Kaiwhakahaere Awarua Rūnaka)

Standing L-R: Albert Brantley (Advisor to parties); Megan Reid (Project Manager for Awarua

Working Group); Gail Thomson (Te Rūnanga o Awarua Rep); Nicole Atherton (Rio Tinto

General Manager Closure Readiness)



Media contacts:

For media enquiries for Rio Tinto and NZAS please contact: Jonathan Webb,

jonathan.webb@riotinto.com

, 021 044 8453

For media enquiries for the Murihiku Rūnaka collective, including Te Rūnaka o Awarua, Te

Rūnanga o Ngāi Tahu please contact: Belinda Milnes, belinda@sbaconsulting.co.nz

021 802

447 or Crisselda De Leon-Singson, crisselda.deleon-singson@ngaitahu.iwi.nz 021 051 6239

ANNEXURE 2

Please direct all enquiries to:

Media Release simon.king2@riotinto.com



For Immediate Release

10 November 2023

Embargoed until 6am


Extensive environmental testing at Tiwai concludes low risk of

human or ecological impact

New Zealand’s Aluminium Smelter (NZAS) has today released a report undertaken by global professional

services company GHD which concluded that there was a limited risk to marine ecology and no increased

risk of health effects for people who come into contact with sediment and surface water or consume kai

moana inhabiting the surrounding coastal marine area.

NZAS engaged GHD to complete extensive testing in and around the Tiwai smelter site to further build on

the findings of a detailed site investigation undertaken in 2021 to establish baseline indicators for the site.

NZAS is committed to further improving its environmental footprint and mitigating the impacts of the smelter.


The purpose of this report and the investigations was to understand discharges occurring from the smelter

and to determine whether these were having an adverse effect on the ecology of the coastal marine area

environment, or people using the coastal area for recreation and food gathering. As part of the investigation,

concentrations of analytes in soil, sediment, groundwater and ocean water were compared to various

regulatory criteria as per Ministry of Environment guidelines.


Given the importance of mahinga kai (food gathering) activities at or near Awarua/Tiwai peninsula to Ngāi

Tahu, this work included testing of kaimoana (seafood) in the coastal marine area adjacent to the site.

The report made three key findings:

• There is no increased risk of health effects from the smelter and its operations for people who come

into contact with sediment and surface water within the coastal marine area or consume seafood

inhabiting nearshore areas of the coastal marine area.

• There is a limited risk to marine ecology related to discharges from the landfill. While localised

effects on aquatic organisms are plausible, elevated concentrations of copper found in marine water

near the landfill are unlikely to have a measurable long-term effect. Elevated copper concentrations

were evident in water quality samples from numerous locations around Bluff Harbour, including other

locations distant from the NZAS smelter indicating secondary sources.

• The three drains are the primary pathway for contaminant transport towards the coastal marine area.

Within the vicinity of the North Drain discharge point, adverse effects to aquatic organisms are

plausible, however, once discharge reaches the coastal marine area, beyond the drain water mixing

zone, there is a low risk of measurable adverse long-term effects on aquatic organisms.

The studies undertaken by GHD in 2021 - 2023 support the findings of previous studies released in 1995

and 2006 that discharges from NZAS drains were having a limited impact upon marine species within the

coastal marine area.


NZAS Chief Executive Chris Blenkiron said, “We are pleased with the findings of the report as they provide

us with confidence that we are implementing effective actions to mitigate the smelter’s environmental impact

but it also provides us with clarity around where we can look to do better.”

Media Release 2 / 2

Tiwai is more than 50 years old, and we acknowledge that our practices haven’t always met expectations

but we’ve worked hard to improve our environmental record and this report confirms we’re doing the right

things.”

“In particular, I was really pleased that the report found that there was no increased risk of health effects for

people consuming kai moana from the surrounding coastal marine area. Food gathering from the ocean is

incredibly significant to our Ngāi Tahu partners but also our wider community here in Southland.”

S

pokesperson for Ngāi Tahu, Jacqui Caine said “Ngāi Tahu has welcomed the partnership with NZAS on

remediating the whenua (land) and coastal environment around Tiwai Point. Protection of mahinga kai

activities is of upmost importance to Awarua and Ngāi Tahu more broadly. It is reassuring to know that the

kai moana in the harbour is safe to eat and that we can continue this important practice that we have done

for several hundred years.”

A memorandum of understanding (MoU) was agreed in 2022 between Murihiku Rūnaka and Te Rūnanga o

Ngāi Tahu with the New Zealand Aluminium Smelters Limited (NZAS) and Rio Tinto Aluminium Limited. The

parties have been working closely together over the last year to build a shared vision of remediation of the

site.

T

he Advisory Group established under the MoU works to protect both Te Ao Tūroa (natural environment)

and mahinga kai activities at or near Awarua/Tiwai peninsula coastal environment. With technical support

from a joint Remediation Working Group, site specific remediation criteria have been co-designed with NZAS

and Rio Tinto. A plan for the remediation of the onsite drain network is currently under development.

“W

e are really pleased with the progress made in developing a partnership with NZAS to remediate the site.

The first remediation plan we are co-designing is for the drain network. The GHD report confirms we have

selected the right focus area and we are looking forward to continuing this important mahi,” Caine said

Siobhan Hartwell, Regional General Manager NZ Pacific for GHD said “Our extensive programme of

investigations has helped NZAS build a detailed picture of the site and the surrounding environment. Our

technical support for NZAS will help the continuing environmental improvements and remediation of Tiwai.”

A f

ull copy of the report, including an executive summary, can be found at Sustainability | New Zealand's


Aluminium Smelter | NZAS

ENDS

Background: Ongoing environmental testing and monitoring


• As part of NZAS’ commitment to the environment, regular monitoring and testing of environmental

impacts provides important indicators to ensure the measures in place are effective and further work

is prioritised appropriately.

•The detailed site Investigation (DSI), completed in 2021, started to provide a baseline of site

conditions.

•The 2021 DSI report recommended further testing to continue to build on knowledge of site

conditions and understand any seasonal variation.

•When NZAS released the DSI we committed to keeping the community updated as work progressed

and

we have proactively met this commitment.

•GHD is a company with expertise in contamination assessment and remediation and have specialist

skills in environmental testing and monitoring.

•This GHD report was an important part of the work undertaken by the Advisory Group established to

enab

le Te Rūnaka o Awarua and NZAS to work together to progress remediation priorities a

nd

c

riteria.

NZAS is a joint venture company owned by Rio Tinto (80%) and Sumitomo Chemical Company of Japan

(20%).

C

ontact: Simon King (021) 2425723

REMEDIATION AND BY-PRODUCTS
We will remediate the site, irrespective of the date production

ceases, and work is already underway to remove waste and

improve our environmental performance.

NG

-

AI TAHU PARTNERSHIP

Murihiku Runaka and Ngāi Tahu with

NZASand Rio Tinto have an agreement to

work together on restoring the whenua at the

Tiwai Peninsula and thefuture of the Tiw

ai

aluminium smelter beyond December 2024.

All parties are working together on plans

to remove waste, conduct environmental

monitoring, and remediate the Tiwai Point

site, which is a key priority for mana

whenua, NZAS and Rio Tinto.

LANDFILL

No further waste

to be deposited in onsite

landfill.

DROSS

RESIDUES

Commercial contracts

are in place for 42,000

tonnes to be processed

and recycled.

These contracts cover

100% of Ouvea and MRP

landfilled dross residue.

SCL

Commercial contracts

are in place for up to

30,000 tonnes per

annum to be exported

for processing and

recycling offshore.

SMELTER

1. Carbon

2.Reduction lines

3.Power supply

4.Raw material storage

5.Workshops and labs

6.Casting

1

4

5

6

23

BLUFF

LandfillSmelterDross ResiduesSCLDrains

Key:

TIWAI PENINSULA

VERSION FOUR – STATUS AS AT 31 OCTOBER 2023

LANDFILL

No further waste

to be deposited in

onsite landfill.

DROSS

RESIDUES

Commercial contracts

are in place for 42,000

tonnes to be processed

and recycled.

These contracts cover

100% of Ouvea and MRP

landfilled dross residue.

SCL

Commercial contracts

are in place for up to

30,000 tonnes per

annum to be exported

for processing and

recycling offshore.

SMELTER

1.Carbon

2.Reduction lines

3.Power supply

4.Raw material storage

5.Workshops and labs

6.Casting

1

4

5

6

23

BLUFF

LandfillSmelterDross ResiduesSCLDrains

Key:

TIWAI PENINSULA

REMEDIATION AND BY-PRODUCTS

We will remediate the site, irrespective of the date production

ceases, and work is already underway to remove waste and

improve our environmental performance.

NG

-

AI TAHU PARTNERSHIP

Murihiku R

-

unaka and Ng

-

ai Tahu with NZAS

and Rio Tinto have an agreement to work

together on restoring the whenua at the

Tiwai Peninsula and thefuture of the Tiwai

aluminium smelter beyond December 2024.

All parties are working together on plans

to remove waste, conduct environmental

monitoring, and remediate the Tiwai Point

site, which is a key priority for mana

whenua, NZAS and Rio Tinto.

VERSION THREE – STATUS AS AT 15 MAY 2023

PROGRESSIVEPROGRESSIVE

REMEDIATIONREMEDIATION

OBJECTIVESOBJECTIVES

(agreed with Awarua

Representatives on

Advisory Group):

SPENT CELLSPENT CELL

LINING (SCL)LINING (SCL)

Remove all SCL from the Tiwai

peninsula, to be recycled for

alternative industrial use by 2029.

DROSSDROSS

RESIDUESRESIDUES

Return all Ouvea stored in the community

back to NZAS site. Process and remove all

dross residues from the Tiwai peninsula,

to be recycledfor alternative industrial

use by 2029.

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Progressively remediate the site to

protect Te Ao T

-

uroa (natural environment)

and mahinga kai (food gathering) activities

at or near Awarua/Tiwai peninsula coastal

environment.

ONSITEONSITE

LANDFILLLANDFILL

Develop a long-term pathway for the

closure of the landfill with an initial

focus on seeking reuse and recycling

options for material in the landfill to

align with our waste philosophy.

CULTURALCULTURAL

HERITAGEHERITAGE

Identify, protect and preserve

wahi tapu, wahi taonga and other

sites of significance at Tiwai Point.

LANDFILL

No further waste

to be deposited in

onsite landfill.

DROSS

RESIDUES

Commercial contracts

are in place for 42,000

tonnes to be processed

and recycled.

These contracts cover

100% of Ouvea and MRP

landfilled dross residue.

SCL

Commercial contracts

are in place for up to

30,000 tonnes per

annum to be exported

for processing and

recycling offshore.

SMELTER

1.Carbon

2.Reduction lines

3.Power supply

4.Raw material storage

5.Workshops and labs

6.Casting

1

4

5

6

23

BLUFF

LandfillSmelterDross ResiduesSCLDrains

Key:

TIWAI PENINSULA

REMEDIATION AND BY-PRODUCTS

We will remediate the site, irrespective of the date production

ceases, and work is already underway to remove waste and

improve our environmental performance.

NG

-

AI TAHU PARTNERSHIP

Murihiku R

-

unaka and Ng

-

ai Tahu with NZAS

and Rio Tinto have an agreement to work

together on restoring the whenua at the

Tiwai Peninsula and thefuture of the Tiwai

aluminium smelter beyond December 2024.

All parties are working together on plans

to remove waste, conduct environmental

monitoring, and remediate the Tiwai Point

site, which is a key priority for mana

whenua, NZAS and Rio Tinto.

VERSION THREE – STATUS AS AT 15 MAY 2023

PROGRESSIVEPROGRESSIVE

REMEDIATIONREMEDIATION

OBJECTIVESOBJECTIVES

(agreed with Awarua

Representatives on

Advisory Group):

SPENT CELLSPENT CELL

LINING (SCL)LINING (SCL)

Remove all SCL from the Tiwai

peninsula, to be recycled for

alternative industrial use by 2029.

DROSS DROSS

RESIDUES RESIDUES

Return all Ouvea stored in the community

back to NZAS site. Process and remove all

dross residues from the Tiwai peninsula,

to be recycledfor alternative industrial

use by 2029.

LAND & WATER LAND & WATER

CONTAMINATIONCONTAMINATION

Progressively remediate the site to

protect Te Ao T

-

uroa (natural environment)

and mahinga kai (food gathering) activities

at or near Awarua/Tiwai peninsula coastal

environment.

ONSITEONSITE

LANDFILLLANDFILL

Develop a long-term pathway for the

closure of the landfill with an initial

focus on seeking reuse and recycling

options for material in the landfill to

align with our waste philosophy.

CULTURALCULTURAL

HERITAGEHERITAGE

Identify, protect and preserve

wahi tapu, wahi taonga and other

sites of significance at Tiwai Point.

ANNEXURE 3

LANDFILLLANDFILL
Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATER LAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 years of groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation


—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—By-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000 tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000 tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUES DROSS RESIDUES

8,000 tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000 tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000 tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029

(target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

On-site facility:

—Pre-Feasibility study completed.

—Funding approved to finalise study work.

—Consent application development started.

Export:

—2,000T planned to be exported in Q4.

—All remaining Ouvea will be exported by end of

2023

—1,800 tonnes of MRP dross residue (landfill)

recycled YTD

—Sampling of Haysom’s Dross Residue.

—Remediation Advisory Working Group (RAWG)

established with Ngai Tahu

—RAWG co-design the standard and criteria for

progressive remediation

—Draft remediation plan created for the first area

of land to be remediated

—Draft remediation plan for the drain network and

assess options for future open drain design

—RAWG supported strategy change to submit a short

term 5 year consent for landfill to provide time to

develop appropriate long term closure design.

—5 year consent submitted to ES.

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029

(target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029

(target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029 (target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

LANDFILLLANDFILL

Closure study for landfill

Commence closure

execution for landfill

Existing landfill volume approx.

807,000m

3

—Ceased depositing any waste in NZAS landfill from May 2022

—Extensive environmental assessments within and around the

landfill including groundwater monitoring, ecological assessments,

water, soil, marine sediment and marine biota sampling

—RAWG work together on the consent

requirements for the existing landfill, with

the initial focus on seeking reuse and recycling

options for material in the landfill to align with

our waste philosophy of reduce, reuse and recycle

Potential landfill materials that

could be reused / recycled:

—Dross residues – c. 33,500 tonnes

—Carbon fines – c. 100,000 tonnes

Reduction of waste

LAND & WATERLAND & WATER

CONTAMINATIONCONTAMINATION

Address possible

contamination sources

Continue progressive

remediation

We have shared

20 yearsof groundwater

monitoring results from the SCL

pad & landfill along with the results

of our Detailed Site Investigation

—Additional five rounds of environmental testing

(based on results of DSI)

—Extensive sampling within the Coastal Marine Environment

—Additional 50 groundwater monitoring bores installed

Actions to prevent further contamination

to soil and groundwater

—B y-products storage facility constructed

—Ceased wet washing of reduction cell shells and superstructures

—Improvements to washdown facility

Commence progressive remediationCommence progressive remediation

—Remediation Advisory Working Group

(RAWG) established with Ng

-

ai Tahu

—RAWG co-design the standard and

criteria for progressive remediation

—Develop the remediation plan for the

first area of land to be remediated

—Develop the remediation plan for the

drain network and assess options for

future open drain design

Further testing to increase

understanding of contamination sites

SPENT CELL LINING (SCL)SPENT CELL LINING (SCL)

—Complete Pre-Feasibility Study for

onsite SCL processing plant

—Continue disposal of SCL through

export pathways

30,000tonnes

of SCL exported (target)

Stored SCL

removed by 2029 (target)

220,000tonnes

of SCL stored on site

(approximately)

—5,500 tonnes of SCL exported

—Sampling/characterisation of SCL pad material

17,000 tonnes

of SCL exported (target)

DROSS RESIDUESDROSS RESIDUES

8,000tonnes

of Ouvea exported (target)

—5,350 tonnes of Ouvea processed and exported

—Commenced recovery and processing of

MRP dross residue (landfill)

—Sampling of Haysom’s dross residue

Stored dross

residues

processed and removed

by 2029

(target)

55,000tonnes of dross

residue to be processed

—21,500 tonnes of Ouvea

—20,000 tonnes of MRP (landfill)

—13,500 tonnes of Haysom’s (landfill)

3,000tonnes

of dross exported (target)

—100% (24,800 tonnes)of Ouvea stored

in community returned to site

—7,800 tonnes of Ouvea exported

20232024–20302022

REMEDIATION TIMELINE

VERSION THREE – STATUS AS AT 15 MAY 2023

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.