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4 Jul 2025 13:47
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  •   Home > News > Business

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes


    Rio Tinto plans to wrap up its operations in Southland in August next year - causing around 2,600 job losses.

    Energy Trusts of New Zealand's Alan Jenkins says as it's the country's biggest power user - it'll leave the grid with a surplus of 13 percent.

    He says transmission costs are a big part of what drives prices up - so Southland should see cheaper power.

    Jenkins says their local generators will have a lot more power to sell - and it's cheaper to sell it locally than send it all up North.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     04 Jul: Central Otago's Cardona Hotel is on the market for the first time in more than a decade
     04 Jul: The Prime Minister's placed the blame for the loss of a multi-million dollar satellite, squarely at the feet of the previous government
     04 Jul: Wage growth in the public sector is expected to slow down this quarter
     03 Jul: Consumer spending's continuing to pick up
     03 Jul: Housing prices are up for the first time in three months, but turnaround hopes may be premature
     03 Jul: The rule of law is key to capitalism - eroding it is bad news for American business
     03 Jul: Confidence levels in Canterbury business have flat lined but experts remain cautiously optimistic
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    BUSINESS BUSINESS
    Central Otago's Cardona Hotel is on the market for the first time in more than a decade More...



     Today's News

    Entertainment:
    Scarlett Johansson felt typecast as a sex symbol during her younger years 13:36

    Law and Order:
    Police are hunting two men who carried out an armed robbery in Hamilton on Saturday 13:27

    Accident and Emergency:
    A pedestrian's died after being hit by a car near the Manawatu town of Feilding 13:27

    Tennis:
    Reigning champ Carlos Alcaraz admits it's been a crazy first few days at Wimbledon 13:07

    Politics:
    Lost in space: MethaneSat failed just as NZ was to take over mission control – here’s what we need to know now 13:07

    International:
    Diogo Jota crash investigators probe whether speed, burst tyre was factor in Liverpool star's death 13:07

    Entertainment:
    Noah Schnapp felt "very sad" at the end of Stranger Things 13:06

    Rugby:
    Former All Black Mils Muliaina believes modern players are far more adaptable between positions than back in his day 12:37

    Health & Safety:
    ADHD meds are in short supply. Here's why, and what can you do about it 12:37

    Entertainment:
    Henry Golding thinks Charlize Theron is a "rare commodity in Hollywood" 12:36


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