CimbriaViganTOC EventsPort of StocktonCleveland Cascades LtdThe Wolfson Centre for Bulk Solids Handling Technology
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Cleveland Cascades Ltd
  • TOC Events
  • Port of Vancouver USA
  • Telestack
  • Port of Stockton

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

NMA calls for a peaceful day in Washington

(Posted on 19/01/21)

The National Mining Association (NMA) has issued the following statement from Rich Nolan, President... Read more


New chairman for VDKi

(Posted on 19/01/21)

The German Coal Importers Association (VDKi has a new chairman. Alexander Bethe, Appointee of the Japanese... Read more


NZAS reaches extension deal with Meridian

(Posted on 14/01/21)

Rio Tinto has reached an agreement on a new electricity agreement with Meridian Energy that allows New... Read more


AISI updates six cold-formed steel design standards

(Posted on 10/01/21)

The American Iron and Steel Institute (AISI) has updated six cold-formed steel design standards.AISI... Read more


NGFA announces Seyfert as new President and CEO

(Posted on 05/01/21)

The National Grain and Feed Association (NGFA) in the USA has announced that Michael J. Seyfert will... Read more


Joint statement from PKKP and Rio Tinto

(Posted on 28/12/20)

Rio Tinto and the Puutu Kunti Kurrama and Pinikura people (PKKP) confirm they have taken initial steps... Read more


2021 Coal demand rebound set to be short-lived

(Posted on 22/12/20)

A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following... Read more


NGFA commends Congress for waterways provisions

(Posted on 22/12/20)

The National Grain and Feed Association (NGFA) in the USA has commended Congress for including key inland... Read more


Rio Tinto appoints Stausholm as CEO

(Posted on 17/12/20)

Rio Tinto has appointed Jakob Stausholm as chief executive, effective 1 January 2021. Since joining... Read more


Rusal a preferred supplier to Hyundai Sungwoo

(Posted on 17/12/20)

RUSAL, a leading global aluminium producer, is pleased to announce that Hyundai Sungwoo Holdings Co,... Read more


Port of South LouisianaSailors SocietyBühler GmbHTelestackPort of Vancouver USATBA Group
  • Cimbria
  • Vigan
  • Bühler GmbH

Subscribe to our newsletter

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