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23 Apr 2024 13:35
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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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     23 Apr: Resident doctors are set to take to the streets, protesting a recent pay offer
     23 Apr: Despite recent struggles, businesses are feeling optimistic for the upcoming 12 months
     22 Apr: Painful living costs may be driving down concern about climate change
     22 Apr: Retailers may have to replace thousands of Serene heaters
     22 Apr: An average 100-dollars is coming off Waipa Networks customers' next power bill
     Top Stories

    RUGBY RUGBY
    Belief next year's Rugby World Cup will be enough of a carrot to keep the Black Ferns Sevens stars returning to union, rather than league More...

    BUSINESS BUSINESS
    Sheep farmers are being urged to hang on More...


     Today's News

    		 Rugby:
    Belief next year's Rugby World Cup will be enough of a carrot to keep the Black Ferns Sevens stars returning to union, rather than league 13:27

     Business:
    Sheep farmers are being urged to hang on 13:07

     Entertainment:
    Isla Fisher is "leaning on" Nicole Kidman amid her divorce from Sacha Baron Cohen 13:03

     Entertainment:
    Geri and Christian Horner are in talks for their own docuseries 12:33

     Rugby:
    Black Ferns coach Allan Bunting is adamant the league-union women's athlete poaching competition works both ways 12:27

     Entertainment:
    Joe Alwyn wanted to keep his six-year romance with Taylor Swift "personal" 12:03

     Law and Order:
    Donald Trump's 'hush money' trial has begun in New York. Here are the key takeaways from opening arguments 11:57

     Law and Order:
    Police accept an officer used unnecessary force after a pursuit in South Auckland in 2022 11:57

     Entertainment:
    Jacob Anderson worried he'd get "lazy" if he signed up for a second season of 'Interview with the Vampire' 11:33

     Living & Travel:
    The engines are revving for Supercars to add a second New Zealand round alongside Taupo to the racing calendar 11:17

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