Pacific Aluminium (New Zealand) Limited

Pacific Aluminium Blames High Power Prices And Low Aluminium Prices For Losses at Tiwai Point

Pacific Aluminium Blames High Power Prices And Low Aluminium Prices For Losses at Tiwai Point

Citing price instability and the rising cost of electrical power to the plant, the operators of New Zealand’s Tiwai Point reported a loss of NZ$46 million in 2019. For the full year of 2019, Pacific Aluminium logged a loss of NZ$313 million,...

New Zealand Petitions Trump for Exemption from Aluminium Tariffs

New Zealand’s government has added its name to the list of countries seeking an exemption from the coming 10-percent aluminium tariffs to be imposed upon imports into the United States later this month. Prime Minister Jacinda Ardern told domestic media in a press conference earlier this week that her country has a “strong case” to […]

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) […]

Rio Tinto on Verge of Selling Pacific Aluminium to GFG Alliance

Anglo-Australian mining giant Rio Tinto Group is reportedly in talks with Sanjeev Gupta’s Gupta Family Group (GFG) Alliance for the sale of Rio’s aluminium operations in Australia and New Zealand. A report by the Financial Times indicates that sources tell them that Gupta is flying to Australia to participate in discussions regarding Pacific Aluminium (PacAl) […]

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 […]