Rio Tinto Not Planning to Restart Tiwai Point Line 4 in New Zealand
August 06 2020 - 10:08PM
Dow Jones News
By Stephen Wright
WELLINGTON, New Zealand--Rio Tinto Ltd. said it isn't planning
to restart a fourth production line at the Tiwai Point aluminum
smelter in New Zealand.
Reports in New Zealand media citing smelter staff have said Rio
Tinto will restart the line in September, raising hopes the mining
giant could delay plans to permanently shut the smelter by the
second half of next year.
"We have no current plans to restart Line 4," a Rio Tinto
spokesperson told The Wall Street Journal on Friday.
The smelter consumes about 13% of New Zealand's electricity and
its closure is expected to affect earnings of power-generating
companies such as Meridian Energy Ltd., Contact Energy Ltd. and
Genesis Energy Ltd.
Write to Stephen Wright at stephen.wright@wsj.com
(END) Dow Jones Newswires
August 06, 2020 21:53 ET (01:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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