Posts Tagged ‘capital strike’

Rio Tinto threats backfire

Written By: - Date published: 10:50 am, May 14th, 2008 - 72 comments

Rio Tinto’s threat of capital strike appears to have backfired on them, with a political consensus emerging that the multinational has overplayed its hand on this one and some even starting to question whether we might be better to just shut the smelter down and be done with it. CAFCA were particularly blunt: Campaign Against […]

Rio Tinto threatens NZ with capital strike

Written By: - Date published: 10:27 am, May 13th, 2008 - 84 comments

Multi-national minerals company Rio Tinto is threatening to close its Tiwai Point aluminium smelter in Bluff and move its production offshore if the Emissions Trading Scheme is enacted because they say it will increase power prices. This is not the first time Rio Tinto has held New Zealand to ransom using the threat of closing […]

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