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13 Nov 2019 18:15
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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


     Other Business News
     13 Nov: The Official Cash Rate is staying unchanged at a record low 1 percent
     13 Nov: Replace that breakfast bacon with some smashed avocado
     13 Nov: The New Zealand Blood Service says today's strike by lab workers won't have a major impact on its services
     13 Nov: The company that owns the Tui oil field, off the Taranaki Coast, may be insolvent
     13 Nov: NZ Post could be paying up to 38 million dollars to about 22 thousand underpaid former workers
     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
     Top Stories

    RUGBY RUGBY
    Highlanders coach Aaron Mauger expects to have Tony Brown at his disposal next year More...


    BUSINESS BUSINESS
    The Official Cash Rate is staying unchanged at a record low 1 percent More...



     Today's News

    Law and Order:
    A High Court Judge warns a sexual abuse conviction doesn't mean a witness murdered a teen girl 18:07

    Law and Order:
    Two people have been charged with murder after the death of a man in Hornby last month 18:07

    Entertainment:
    Kim Kardashian West is grateful her fans are "super supportive" of her work in criminal justice reform 17:44

    Rugby:
    Highlanders coach Aaron Mauger expects to have Tony Brown at his disposal next year 17:37

    Law and Order:
    'A lot of bodies are going missing in the Waitakere Ranges.' 17:27

    Entertainment:
    Gwen Stefani vowed to give her People's Choice Award to her 11-year-old son 17:14

    Entertainment:
    Jennifer Aniston paid tribute to her "iconic" sitcom 'Friends' at the People's Choice Awards on Sunday (10.11.19) 16:44

    International:
    Camera switched on by Facebook but did not record anything, social media giant says 16:17

    Law and Order:
    'It's crazy about how guys can make one wrong move, then go to jail for the rest of their life.' 16:17

    Entertainment:
    Kevin Hart made his first major public appearance at the E! People's Choice Awards since he was involved in a near-fatal car accident in September 16:14


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