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5 Dec 2025 15:59
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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
     05 Dec: Chris Luxon admits many Kiwis still haven't felt the economy turn a corner
     05 Dec: A stepping stone in Auckland Airport's long term goals - as it welcomes a stopover for one of the world's longest commercial passenger services
     05 Dec: What does Vladimir Putin wants from his state visit to India and his meeting with Narendra Modi?
     04 Dec: New Zealand Food Safety has recalled some flavours of Tom and Luke brand Snacka Balls due to hard plastic contamination
     04 Dec: IKEA's presence in New Zealand - may give local retailers a needed wake-up call
     04 Dec: An IKEA opening in New Zealand - could signal economic success
     04 Dec: Air New Zealand's confident a strike a week out from Christmas, won't need to go ahead
     Top Stories

    RUGBY RUGBY
    The inaugural Rugby's Greatest Rivalry series next year is set to feature a double-header More...

    BUSINESS BUSINESS
    Chris Luxon admits many Kiwis still haven't felt the economy turn a corner More...


     Today's News

    		 Rugby:
    The inaugural Rugby's Greatest Rivalry series next year is set to feature a double-header 15:57

     Cricket:
    Four West Indian wickets have fallen so far in the second session, on day four of the opening cricket test against New Zealand in Christchurch 15:07

     Soccer:
    Contrasting results last time out have Wellington Phoenix fans hoping for a breakthrough Kiwi A-League derby result, while their hosts will want to resume normal service 14:57

     International:
    Israel-aligned anti-Hamas Gaza militia leader Yasser Abu Shabab killed 14:17

     Law and Order:
    NZ’s rejection of emission targets fuels risk of international law breach 14:07

     Law and Order:
    Menzies Aviation has been slapped with a 150-thousand-dollar fine, for biosecurity breaches 13:47

     Accident and Emergency:
    One person's died and another's seriously injured after a two-vehicle crash on State Highway 2 north of Dannevirke - at Matamau 13:27

     International:
    Pentagon watchdog releases report on Pete Hegseth's use of Signal app 13:07

     Law and Order:
    Police have found a suitcase with a revolver and high-powered BB guns - after searching a vehicle spiked after it fled across Auckland last night 13:07

     Rugby League:
    Boxing promoter George Rose believes Nelson Asofa-Solomona can be his true aggressive self now he's ditched rugby league for prizefighting 12:27

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