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7 Jun 2020 15:32
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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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     05 Jun: A reduced pay offer may yet be a stumbling block to completing the A-League football season
     05 Jun: Tower is refunding millions of dollars to customers for their car insurance
     05 Jun: New National leader Todd Muller is in Queenstown today - following on from wooing Christchurch business owners yesterday
     05 Jun: Queenstown Mayor Jim Boult agrees the tourism township is heading for 18.5 percent unemployment - but only if it does nothing
     04 Jun: A new survey of businesses who claimed the wage subsidy shows it was a lifeline for some workplaces
     04 Jun: An Auckland businessman's been put behind bars for smuggling nearly 20 million cigarettes into the country
     04 Jun: An look into the initial impact of Covid-19 on small businesses
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    BUSINESS BUSINESS
    A reduced pay offer may yet be a stumbling block to completing the A-League football season More...



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