- Write by:
-
Tuesday, September 29, 2020 - 1:38:26 PM
-
755 Visit
-
Print
Mining News Pro - New Zealand Prime Minister Jacinda Ardern plans to delay the closure of Rio Tinto’s New Zealand Aluminium Smelter (NZAS) at Tiwai Point by three to five years if she gets re-elected.
In a press conference from Invercargill in New Zealand’s South Island yesterday, Ardern confirmed that she and her government would “work hard” to give the local workers and the Southland community “an exit that would help everyone to plan for the future”.
Last October, Rio Tinto began reviewing the future of the New Zealand smelter, which was struggling under the aluminium market conditions and high energy costs, making the asset unprofitable.
In July, the mining giant announced a planned wind-down of the NZAS operations and its eventual closure, which is scheduled for next August.
“Rio Tinto has suggested they look to leave within a year,” Ardern said.
“The view of the local community, which is a view we share, is that we would all benefit from having additional time and a managed exit from Tiwai Point.
“We are here to commit to support that managed exit through Transpower and it is our intention to see a negotiation with Rio Tinto for an exit of between three to five years.
“That will ensure we don’t have additional costs incurred for the rest of the network through a quick exit but also ensure we have the time needed to replace the jobs here in Southland with high quality, highly skilled opportunities.”
Ardern said that the government would work closely with Rio Tinto to give local workers as much certainty as possible while meeting bottom lines such as environmental remediation, maintaining employment and working on the future use of the site.
NZAS is 79.36 per cent owned by Rio Tinto and 20.64 per cent owned by Japan’s Sumitomo Chemical Company, which employ around 990 full time equivalent employees and contractors work at the smelter.
NZAS converts alumina into aluminium using renewable hydroelectricity, making it one of the world’s lowest carbon footprint aluminium smelters.
The smelter’s alumina is supplied from refineries in Queensland and Western Australia.
Approximately 90 per cent of the aluminium produced at NZAS is exported.
Short Link:
https://www.miningnews.ir/En/News/605570
Rio Tinto on Wednesday announced a deal to buy power from a new solar farm in Queensland as it seeks to green its ...
Mining News Pro - Rio Tinto has completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda.
Mining News Pro - Rio Tinto has signed an initial agreement with the Yindjibarndi people and Philippines’ ACEN to look ...
Mining News Pro - Rio Tinto reported a 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the ...
Mining News Pro - Rio Tinto reported a 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the ...
Mining News Pro - Rio Tinto has once again cut production targets for its iron ore operations in Canada, citing extended ...
Mining News Pro - Damage caused to an Aboriginal rock shelter by mining giant Rio Tinto in August underscores the need ...
Mining News Pro - Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the ...
Mining News Pro - Rio Tinto (ASX: RIO) announced Wednesday it has reached an agreement with the government of Madagascar ...
No comments have been posted yet ...