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Rio ready for a deal on Tiwai, says Contact

Aluminium smelter the highest-value user of electricity in the south, says CEO.

The Tiwai Pt aluminium smelter was earmarked for closure after a strategic review by Rio Tinto in 2020.

Tim Hunter Mon, 13 Feb 2023

Uncertainty about the future of the Tiwai Point aluminium smelter is likely to be resolved, with majority owner Rio Tinto ready to make a deal on its long-term power contract, says Contact Energy chief executive Mike Fuge.

In a conference call discussing Contact’s half-year result today, Fuge

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Tim Hunter Mon, 13 Feb 2023
Contact the Writer: thunter@nbr.co.nz
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Rio ready for a deal on Tiwai, says Contact
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