Smelter’s majority owner takes $223m impairment charge over pending closure.
Wed, 02 Jun 2021
Pacific Aluminium, majority owner of the Tiwai Point aluminium smelter, has written off the entire value of its holding in the smelter, citing its pending closure in December 2024.
The $223.3 million write-off added to an operating loss for the year to December 2020, resulting in a bottom line
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