South Port goes into bat for Tiwai Point smelter

Paul McBeth
Fri, 08 Nov 2019

South Port New Zealand is the latest Southland firm throwing its support behind the Rio Tinto-controlled smelter across the harbour at Tiwai Point, saying the government should take the closure threat seriously. New Zealand Aluminium Smelters accounts for 33 percent of the cargo volume through the country's southern-most port, although South Port is paid a fixed licence fee rather than wharfage revenue based on tonnage. That arrangement - fixed until 2043 - mitigated the impact of a potential closure, which chair Rex Chapman said would be...
Economy
Tourism Holdings shares jump as Waitomo gets govt subsidy
Dan Brunskill | Thu, 04 Jun 2020

Tourism Holdings shares jumped after its Discover Waitomo business was named as one of the first recipients of the government's $400 million tourism support fund. The Waitomo caves operation will r...

Infrastructure
NZOG seeking acquisitions, won't raise capital
Gavin Evans | Thu, 04 Jun 2020

New Zealand Oil & Gas said it is actively seeking acquisitions of a scale that won’t require it to raise additional capital. The firm said its strong balance sheet, and its weighting to gas rather...

Listed Companies
Vista plans to save up to $15m from staff layoffs
Jenny Ruth | Thu, 04 Jun 2020

Vista Group International said it wants to cut annualised costs by between $12 million and $15 million through laying off staff as cinemas - who account for more than 80 percent of its customers - are...

SPONSORED
Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks