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4 Nov 2025 14:03
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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


    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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     04 Nov: A rise in building consents is being viewed as a positive sign by the construction sector
     04 Nov: Green shoots are once again starting to show through in the economy
     03 Nov: Reserve Bank stress testing suggests our banks could withstand major global disruptions
     03 Nov: Trump is repeating the long, painful history of US ‘policing’ of Latin America
     03 Nov: A possible boost in building activity on the horizon, with the most home consents in September in more than two years
     03 Nov: The future of two Stirling Sports stores in Christchurch is uncertain - as their parent company enters liquidation, owing three quarters of a million dollars
     03 Nov: Alarm bells as record numbers of people make KiwiSaver hardship withdrawals
     Top Stories

    RUGBY RUGBY
    Oli Mathis is willing to play the long game as he begins his life at the Crusaders More...

    BUSINESS BUSINESS
    A rise in building consents is being viewed as a positive sign by the construction sector More...


     Today's News

    		 Rugby:
    Oli Mathis is willing to play the long game as he begins his life at the Crusaders 13:57

     Living & Travel:
    Whangarei's famous lion park's last seven elderly big cats - are being euthanised this week 13:47

     Entertainment:
    Amy Schumer feels "so grateful" to be pain free 13:37

     Soccer:
    The All Whites will be without striker Chris Wood for this month's international friendlies against Colombia and Ecuador in the United States 13:27

     Entertainment:
    Addison Rae and her boyfriend Omer Fedi have reportedly split after four years together 13:07

     Christchurch:
    Explosions have been heard at a scrub fire in in Canterbury's Darfield - which has claimed three structures since flaring into life about 10am 13:07

     National:
    A deadly European hornet has reached NZ – we can all help stop its spread 13:07

     International:
    World's oldest Olympic gold medallist, Charles Coste, dies 13:07

     Soccer:
    The early season surprise package in football's Premier League continue their rise 13:07

     Health & Safety:
    Papua New Guinea conjoined twins should not be separated due to risk of death, hospital says 12:47

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