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7 Jul 2020 7:37
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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
     06 Jul: Finance Minister Grant Robertson knows nothing about talks Cook Islands judiciary and islanders needing surgery will enter New Zealand without being quarantined
     06 Jul: A host of recommendations for Corrections and Clendon Pharmacy following the failed management of a prisoner's medication
     06 Jul: Words of warning for businesses relying on the wage subsidy
     06 Jul: Encouraging financial signs for the Crusaders ahead of Saturday's match with the Blues
     06 Jul: Welcome relief for employers doing it tough -- in Labour's new economic recovery plan
     05 Jul: The Small Business Loan Cashflow Scheme is being extended until the end of the year
     05 Jul: A fire has caused significant damage to a commercial and residential building in Dunedin
     Top Stories

    RUGBY RUGBY
    All Blacks coach Ian Foster has clarified that Super Rugby rather than the North-South game on August 29 will provide the basis for his team, whenever it next takes the field post covid-19 More...


    BUSINESS BUSINESS
    Finance Minister Grant Robertson knows nothing about talks Cook Islands judiciary and islanders needing surgery will enter New Zealand without being quarantined More...



     Today's News

    Environment:
    When did flowering plants take over the world? 7:26

    Cricket:
    Former Zimbabwean test cricketer and Pakistan batting coach Grant Flower claims former captain Younis Khan held a knife to his neck at a Brisbane hotel 7:26

    Rugby:
    All Blacks coach Ian Foster has clarified that Super Rugby rather than the North-South game on August 29 will provide the basis for his team, whenever it next takes the field post covid-19 7:16

    Entertainment:
    Kacey Musgraves has split from Ruston Kelly 7:13

    Health & Safety:
    The Cancer Society wants to see border restrictions eased for patients being treated in Australia 7:06

    International:
    Timor-Leste's stolen children: Taken during a time of war, decades later they are coming home 7:06

    Entertainment:
    David and Victoria Beckham want to build a lake at their Cotswold home 6:43

    Entertainment:
    Khloe Kardashian is "confused" by rumours she is engaged to her ex 6:13

    Law and Order:
    An assessment will determine whether a teenage murderer will return to a youth justice facility or be held by Corrections when he's recaptured 4:36

    Rugby League:
    Warriors back rower Jazz Tevaga has declared himself fit to play 21:57


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