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21 Nov 2019 23:39
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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.

    © 2019 Newstalk ZB, NZCity


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     21 Nov: A local MP thinks there's been a breakdown in communication - between Otago Regional Council and Queenstown's local ferry operator
     20 Nov: A better balance between being fair to public service bosses - and to the taxpayers, who pay their salary
     20 Nov: Global dairy prices have risen 1.7 percent at Fonterra's latest overnight auction
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    BUSINESS BUSINESS
    The Commerce Commission is reporting a sharp rise in complaints from consumers More...



     Today's News

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    Politics:
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    Entertainment:
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    Entertainment:
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    Entertainment:
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    Entertainment:
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    Environment:
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    Entertainment:
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