Mercury NZ Limited (NZX: MCY) Tiwai to continue operations through 2024

Mercury notes Rio Tinto’s announcement that it has agreed a new electricity agreement with Meridian Energy that allows the continued operation of the Tiwai Point aluminium smelter until December 31, 2024.

Rio Tinto stated that: “While discussions with the New Zealand government are progressing in relation to their commitment to address the smelter’s high transmission costs, a new agreement has been reached with Meridian Energy in relation to power prices, making the smelter economically viable and competitive over the next four years.”

See the link below for more details:

Tiwai to continue operations through 2024

Source: Mercury NZ Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Ryman Healthcare plans new village in Rolleston
My Food Bag releases FY22 Results
Oceania positioned for growth
Ryman Healthcare buys retirement village site in Melbourne
Dr David Kerr to retire from Ryman Healthcare Board
20th May 2022 Morning Report
First Cannasouth Medicines Successfully Assessed by Agency
GMT active year supports strong results
Infratil Considers Infrastructure Bond Offer
Heartland announces Deputy Group CEO and Bank CEO