Friday 31st May 2024 |
Text too small? |
New Zealand's Aluminium Smelter (NZAS) announced today that they have secured energy supply contracts from Merdian Energy, Contact Energy and Mercury for 20 years, out until 2044.
“This announcement is great news for NZAS, South Port and the Southland province” said South Port Chair, Philip Cory-Wright.
“This certainty will now provide confidence in the region for further investment in local businesses and new generation”, said Mr Cory-Wright.
The Company estimates that the Smelter’s overall contribution to net profit after tax to be approximately $2M, (excluding the annual licence fee which is payable until 2043).
NZAS has been a significant long-term valued customer of South Port. “The businesses have enjoyed a mutually beneficial working relationship, and it is especially pleasing to see this partnership continue for a further 20 years” said Chief Executive Nigel Gear.
ENDS
No comments yet
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report