Written By: - Date published: 8:33 am, November 2nd, 2019 - 98 comments
Rio Tinto is practising further brinkmanship and have reportedly sent in a closure team to assess the viability of Tiwai Point and no doubt seek a Government handout. Is it time to say no and provide cheaper cleaner power to the country instead?
Written By: - Date published: 8:38 am, July 2nd, 2015 - 58 comments
Rio Tinto has delayed the signing of an electricity supply agreement with Meridian Energy by a month giving rise to the possibility that more corporate welfare will be demanded from the Government.
Written By: - Date published: 7:11 am, August 9th, 2013 - 89 comments
Yesterday John Key gave $30 Million of tax payer’s money to Rio Tinto in order to prop up its electricity deal with Meridian – and thus to prop up his privatisation ideology. Mighty River Power shares took a hit. Smart investors getting out?
Written By: - Date published: 10:02 am, April 2nd, 2013 - 166 comments
Our “let’s make a deal” PM is outclassed on this one. I actually have some sympathy this time, the government is between a rock and a hard place. But while most of us worry about Southland, I suspect the Nats’ concerns will be a little closer to home…
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 […]
Written By: - Date published: 10:27 am, May 13th, 2008 - 87 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 […]