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27 Jan 2026 9:55
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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.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     24 Jan: US copied Iran's Shahed drones — now they are deployed in the Middle East
     23 Jan: An expectation the official cash rate will be held steady as inflation is higher than expected
     23 Jan: Queensland crocodile capture rates double as removal zones expand
     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     23 Jan: We could see our interest rates rise sooner than we hoping for, after the latest increase in inflation
     23 Jan: Inflation's risen again - and is now back above the Reserve Bank's target range
     23 Jan: Digital ‘tokenisation’ is reshaping the global financial industry. Is NZ ready?
     Top Stories

    RUGBY RUGBY
    Limited communication from the powers-that-be with Super Rugby coaches as the search starts for a new All Blacks mentor More...

    BUSINESS BUSINESS
    US copied Iran's Shahed drones — now they are deployed in the Middle East More...


     Today's News

    		 Entertainment:
    Jenny Slate blasted Justin Baldoni as the "biggest clown and the most intense narcissist" 9:31

     Accident and Emergency:
    Three people have been injured in a car crash on State Highway 1 in Marlborough 9:27

     Entertainment:
    Russell Brand has been granted bail after a London video court appearance over two additional charges of sexual assault and rape 9:01

     Entertainment:
    Meghan, Duchess of Sussex, has no plans for a third season of With Love, Meghan on Netflix 8:31

     Law and Order:
    The organisers of Rangiora's Muscle Car Madness Show are raising money to grow the grass back - after the weekend's event damaged the show grounds 8:17

     National:
    Shooting of Alex Pretti in Minneapolis has put America’s gun lobby at odds with the White House 8:17

     National:
    Why the shooting of Alex Pretti in Minneapolis is so significant – expert Q&A 8:07

     Rugby:
    Limited communication from the powers-that-be with Super Rugby coaches as the search starts for a new All Blacks mentor 8:07

     Entertainment:
    Brooklyn and Nicola Peltz-Beckham have the only footage of Victoria Beckham's "inappropriate" wedding dance 8:01

     International:
    What does the probe into senior military officials in China mean for Xi Jinping? 7:57

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