Sharechat Logo

Meridian Energy Limited (NZX: MEL) Rio Tinto confirms Tiwai Exit in December 2024

Thursday 14th January 2021

Text too small?

Meridian Energy confirms that global mining giant Rio Tinto has accepted new contract terms offered by Meridian, effective from today, 14 January 2021 and will now be continuing operations at the NZAS Tiwai Point Aluminium Smelter through to December 2024.

Meridian Chief Executive, Neal Barclay says, “We have worked hard to provide solutions that we believe were of lasting value to the Smelter and acceptable to our shareholders. We’re pleased that Rio Tinto has accepted this offer, which will now provide certainty for the Southland community.”

“As a company we have planned for the eventual exit of the Tiwai Smelter. We’re excited about the opportunities that we have to accelerate decarbonisation, and we’re actively developing new growth opportunities.”

Chief Executive Neal Barclay will host a teleconference on Monday 18 January 2021. Details of the call will be provided later this week.

NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Company Limited (20.64%).

See the link below for more details:

Rio Tinto confirms Tiwai exit in December 2024: Meridian business update

Source: Meridian Energy Limited



  General Finance Advertising    

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.

Related News:

Restaurant Brands New Zealand Limited (NZX: RBD) Q4 Sales Announcement
NZ Automotive Investments Limited (NZX: NZA) trading update
Livestock Improvement Corporation Limited (NZX: LIC) Half-Year Result 2021-22
NZ Compare announces the acquisition of PriceMe
Tourism Holdings Limited (NZX: THL) thl to acquire MaxiTRANS NZ
NZ Compare announces the acquisition of PriceMe
25th January 2022 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra lifts forecast Farmgate Milk Price range
Green Cross Health Limited (NZX: GXH) Trading update
Ebos Group Limited (NZX: EBO) Retail Offer Oversubscribed