Rio Tinto signs deal to become sole owner of New Zealand Aluminium Smelters

Meridian Energy

30/05/2024 23:06

May 31 (Reuters) - Rio Tinto  RIO.AX  said on Friday it
entered an agreement buy Sumitomo Chemical Co's  4005.T  20.64%
stake in New Zealand Aluminium Smelters (NZAS), to get full
control of the country's only aluminum smelter.
    Separately, NZAS has concluded deals with energy generators
Meridian Energy  MEL.NZ , Contact Energy  CEN.NZ  and Mercury NZ
 MCY.NZ  to secure energy supply for at least next 20 years.

 (Reporting by Ayushman Ojha in Bengaluru; Editing by Arun
Koyyur)
 ((Ayushman.Ojha@thomsonreuters.com;))