ViganPort of StocktonTBA GroupCimbriaTMS Awards 2023Port of South Louisiana
  • Cimbria
  • Bühler GmbH
  • Port of South Louisiana
  • Sailors Society
  • Port of Stockton
  • Telestack

New Zealand smelter under review

 New Zealand smelter under review

(Posted on 28/10/19)

Rio Tinto will conduct a strategic review of its interest in New Zealand’s Aluminium Smelter (NZAS) at Tiwai Point, to determine the operation’s ongoing viability and competitive position.

Under current market conditions and with high energy costs, we expect the short to medium outlook for the aluminium industry to be challenging and this asset to continue to be unprofitable. Rio Tinto intends to hold discussions with the Government of New Zealand and energy providers to explore options and identify economically viable solutions to find a pathway to profitability for the asset.

Rio Tinto Aluminium chief executive Alf Barrios said “The aluminium industry is currently facing significant headwinds with historically low prices due to an over-supplied market. This means that many aluminium providers are reviewing their positions.

“Rio Tinto will work with all stakeholders including the government, suppliers, communities and employees in order to find a solution that will ensure a profitable future for this plant.”

The strategic review will consider all options, including curtailment and closure and will be complete in the first quarter in 2020.

NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Company Limited (20.64%) and employs around 1000 people.

Latest News

Rio Tinto and BHP collaborate on electric trucks in the Pilbara

(Posted on 28/05/24)

In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul... Read more


KEZAD signs lease agreement with Ducab Metals Business

(Posted on 28/05/24)

KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Ducab Metals Business... Read more


Anglo American simplifies portfolio of copper, premium iron ore and crop nutrients assets

(Posted on 22/05/24)

Anglo American plc is setting out a clear, compelling and decisive plan to unlock significant value... Read more


ADM report details regenerative agriculture and array of accomplishments

(Posted on 15/05/24)

ADM has released its 2023 Corporate Sustainability Report, highlighting an extensive array of accomplishments... Read more


British Steel wins contract for high-speed electric railway in Turkey

(Posted on 15/05/24)

British Steel has won a multi-million-pound contract to supply rail for a new high-speed electric railway... Read more


NGFA urges Canadian leaders to avoid rail strike

(Posted on 13/05/24)

The National Grain and Feed Association (NGFA) in the USA and 19 other members of the Agricultural Transportation... Read more


ADM, Voltloader launch EV trial for wheat transportation

(Posted on 09/05/24)

ADM has announced a trial programme with Voltloader, an innovative logistics and transportation company... Read more


Electric Arc Furnace boost for British Steel

(Posted on 02/05/24)

British Steel has been granted planning permission to build an Electric Arc Furnace at its Scunthorpe... Read more


Leading event for grain handling and processing returns to Omaha

(Posted on 28/04/24)

The National Grain and Feed Association (NGFA) in the USA, Grain Elevator and Processing Society (GEAPS... Read more


American Feed Industry commends vital supply chain legislation

(Posted on 23/04/24)

The American Feed Industry Association (AFIA) has commended Representatives Ashley Hinson, R-Iowa-02... Read more


Sailors SocietyVan AalstTelestackGeneva DryBühler GmbH
  • TBA Group
  • TMS Awards 2023
  • Geneva Dry

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping