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PANZ financial results released

Rio Tinto’s wholly-owned subsidiary, Pacific Aluminium (New Zealand) Limited (PANZ) has reported financial results relating to its interest in New Zealand Aluminium Smelters Limited (NZAS), showing an underlying net profit of NZ$102.977M for 2023 financial year.

10 June, 2024

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Tiwai smelter to stay open in 20-year deal

The aluminium smelter at Tiwai in Southland has secured energy supply from three generators until at least 2044, giving certainty to employees and the local community, and supporting New Zealand’s contribution to a low carbon future.

31 May, 2024

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Tiwai becomes New Zealand’s largest battery and helps to keep the lights on

The Tiwai smelter will make up to 185 megawatts (MW) of electricity available to the national grid in times of severe shortage as a result of a new set of demand response contracts concluded with energy generators.

31 May, 2024

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Tiwai to provide additional dry winter electricity back-up.

An agreement signed with Meridian Energy, will see New Zealand’s Aluminium Smelter at Tiwai make 20 megawatts (MW) of electricity available to the national grid, if required, over a 12-week period this winter.

27 February, 2024

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Financial results

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