Rio Tinto unit still in talks on energy supply for NZ smelter
Apr 03, 2013 | 11:08 AM
| Shivani Singh
SINGAPORE Rio Tinto Plcs Pacific Aluminium unit is still in talks with a state energy supplier to renegotiate terms for New Zealands only aluminum smelter, after the company rejected a short-term government subsidy intended to keep the plant running.
Pacific Aluminium and Meridian Energy Ltd. have been renegotiating power contract terms for New Zealand Aluminium Smelters Ltd. (NZAS) for the past three-quarters of a year.
Our electricity contract negotiations with Meridian have progressed more in the past two weeks than in the previous nine months, Pacific Aluminium said in an e-mailed statement to AMM sister publication Metal Bulletin April 2. We believe a commercial agreement that is in the best interests of NZAS, Meridian, the New Zealand government and the people of Southland (region) can be reached, it added. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.