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1 Jun 2020 0:11
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  •   Home > News > Business

    The potential closure of a Southland aluminium smelter has sucked 1.5 billion dollars from the value of Kiwi power companies

    The potential closure of a Southland aluminium smelter has sucked 1.5 billion dollars from the value of Kiwi power companies

    23 October 2019
    Tiwai owner Rio Tinto - the country's largest electricity consumer - is considering closing its Bluff plant.

    Since the announcement - power company Meridian's share value has dropped by nearly 8 percent.

    Mercury, Contact and Genesis have also seen shares drop.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     30 May: Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full
     30 May: The business community says everyone should be thinking about how the country can create more jobs after Covid-19
     29 May: The country's largest furniture and homewares retailer retailer will open its doors tomorrow... in what's being described as a significant boost for the local economy
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     29 May: Coronavirus sparks unprecedented closure of UK pubs, causes 70 million pints of beer to be wasted
     29 May: Farmers are supporting the efforts, to keep our waterways clean
     29 May: Expectation that it will take 12 to 18 months till the country financially recovers
     Top Stories

    RUGBY RUGBY
    Netball New Zealand and their Australian counterparts are forging ahead with plans to hold a Constellation Cup in the latter part of the year More...


    BUSINESS BUSINESS
    Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full More...



     Today's News

    Rugby League:
    New Zealand Breakers owner Matt Walsh has no problems with the Australian NBL offseason continuing a little longer 21:57

    Auckland:
    Emergency services are attending a serious incident involving a car and pedestrian in Auckland 21:17

    Law and Order:
    Barack Obama, Jamie Foxx among many in US calling for justice for Minneapolis man George Floyd 20:47

    Law and Order:
    US protests following the death in Minneapolis of George Floyd in police custody, as it happened 20:07

    Law and Order:
    Cambodia's drug war has seen prisoner numbers skyrocket during coronavirus pandemic 19:47

    Law and Order:
    George Floyd's brother says Donald Trump barely let him speak during their conversation 19:37

    Rugby:
    Netball New Zealand and their Australian counterparts are forging ahead with plans to hold a Constellation Cup in the latter part of the year 18:57

    Accident and Emergency:
    Two people have died in a glider crash at Mt Tauhara, near Taupo 18:37

    Rugby League:
    The Warriors have quickly turned their attentions to their next match after restarting the NRL season in strong form 18:37

    Environment:
    A magnitude 4.9 earthquake has hit near New Plymouth 18:07


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