New Zealand Aluminium Smelters

Tiwai Point Sees Bottom Line Drop Due To Rising Costs, Falling Prices

Tiwai Point Sees Bottom Line Drop Due To Rising Costs, Falling Prices

New Zealand’s Tiwai Point Aluminium Smelter witnessed a sharp drop-off in profits last year, and the site’s management says a shifting global aluminium market may continue to make life difficult for the smelter over the current fiscal year. Pacific Aluminium (New Zealand)...

Events

Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange

Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on the country’s securities exchange in the near future. According to a column published in The Australian Financial Review earlier today, Rio Tinto is exploring a full or partial listing on the Australian Securities Exchange (ASX) […]

Tiwai Point Aluminium Smelter Profitable in 2016 Despite Rising Power Costs

Despite rising costs and their impact upon the firm’s bottom line, New Zealand Aluminium Smelter Limited (NZAS) still turned a profit in 2016. However, the firm warns that, should relief for its rising power costs not be forthcoming, the financial numbers in coming years may be printed with red ink. NZAS released results for the […]

Meridian Head Expresses Hope for NZAS Smelter’s Future

Meridian Energy Limited Chief Executive Officer Mark Binns says he expects the embattled New Zealand Aluminium Smelter’s Tiwali Point plant will continue running. His hopeful musings come as Sumitomo Chemical Company and Rio Tinto mull the plant’s future. “There will always be uncertainty, which is why we would prefer the smelter to stay — but […]

NZAS, Union Come to Agreement Over In Lieu Pay for Workers at Tiwali

New Zealand Aluminium Smelters (NZAS) and E tū, the union that represents its workers, have come to an agreement on how to disburse US$14.2 million of lieu pay now owed to certain current and former workers at the Tiwai aluminium smelter. Representatives from E tū and NZAS met earlier this week to discuss the ramifications […]