Rio Tinto to close Tiwai Point aluminium smelter in 2021

Rio Tinto is to close its New Zealand Aluminium Smelter (NZAS) in Tiwai Point after a strategic review showed the business is no longer viable due to high energy costs and a challenging industry outlook, the company said.

The wind-down of operations is expected to be completed by August 2021, when the power contract with Meridian Energy ends. Talks with a wide range of interested parties failed to secure a power contract that would enable the operation - the only aluminium smelter in New Zealand - to become both competitive and profitable, Rio Tinto added.

NZAS has already given notice to terminate the power contract when it expires and will work closely with Rio Tinto and its partners until then to plan the winding down and...

Published

Andrea Hotter

July 09, 2020

03:50 GMT

New York