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13 Nov 2019 17:23
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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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     13 Nov: The Infrastructure Commission chair says it's clear infrastructure growth is slower than what it should be
     13 Nov: Infrastructure advocates say the government's finally catching up, in an area the private sector's been dominating for some time
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    The Official Cash Rate is staying unchanged at a record low 1 percent More...



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