Business
Aluminium smelter deal – who caved? – Stuff.co.nz
ANALYSIS: The Government doesn’t seem to have got its hands dirty in negotiations, but suspicions may linger.
ANALYSIS: Mining giant Rio Tinto has agreed to keep the Tiwai Point aluminium smelter open for a few more years, as expected.
But surprisingly, it has done so without first securing an agreement with the Government on reduced electricity transmission prices from Transpower.
That would appear to the best outcome for everyone.
Not only will about 1000 staff and contractors at the smelter keep their jobs until the end of 2024, but Transpower will get enough time to build the power lines needed to…
