2021-01-13 14:01:59 RIO Rio Tinto
01/13/21 01/1314:01 01/13/2114:01 | Rio Tinto reaches agreement with Meridian Energy to extend NZAS operationsRio Tinto has reached an agreement on a new electricity agreement with Meridian Energy that allows New Zealand's Aluminium Smelter, or NZAS, to continue operating the Tiwai Point aluminium smelter until December 31, 2024. The extension provides certainty to employees, the local community and customers while providing more time for all stakeholders to plan for the future, Rio Tinto said in a statement. Rio Tinto Aluminium chief executive Alf Barrios said "We are pleased to have reached an agreement with Meridian Energy that will enable the Tiwai Point smelter to continue producing some of the lowest carbon aluminium in the world. This agreement improves Tiwai Point's competitive position and secures the extension of operation to December 2024. It also provides Rio Tinto, the New Zealand government, Meridian, and the Southland community more time to plan for the future and importantly gives our hard-working team at Tiwai and our customers the certainty they deserve." |
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