Live Breaking News & Updates on Japan Sumitomo Chemical Co

By Reuters Staff
(Adds comment from NZ finance minister, share price)
Jan 14 (Reuters) - Global miner Rio Tinto said on Thursday it had reached an agreement with electricity provider Meridian Energy to allow its aluminium smelter in New Zealand to continue operations until December 2024.
Rio Tinto had said in July that it would close New Zealand’s Aluminium Smelter (NZAS), which is the country’s single largest power user, due to high costs and a challenging market. The move would put over a thousand jobs on the line and dealing a blow to the country’s top power producers.
The decision to close the smelter had disappointed politicians and local power firms as it came when the COVID-19 pandemic began to cripple the economy. ....

Southland Region , New Zealand , Alf Barrios , Amy Caren Daniel , Shashwat Awasthi , Thomson Reuters Trust Principles , Japan Sumitomo Chemical Co , Rio Tinto , Meridian Energy , Contact Energy , New Zealand Aluminium Smelters , Sumitomo Chemical , Amy Caren , Thomson Reuters Trust , Newzealand Aluminium Smelter Update 2 , Asia Pacific , Australia New Zealand , Corporate Events , Base Metals , Content Produced In Bangalore , Basic Materials Trbc Level 1 , Diversified Chemicals Trbc Level 4 , Chemicals Trbc Level 3 , Diversified Chemicals Trbc Level 5 , Company News , Commodities Markets ,