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4005 - Sumitomo Chemical Co News Story

¥370 5.0  1.4%

Last Trade - 18/09/20

Sector
Basic Materials
Size
Large Cap
Market Cap £4.48bn
Enterprise Value £16.33bn
Revenue £16.09bn
Position in Universe 208th / 3861

BRIEF-Meridian Energy Says Rio Tinto To Terminate Contract Relating To Smelter

Wed 8th July, 2020 9:59pm
July 9 (Reuters) - Meridian Energy Ltd  MEL.NZ :
    * RIO TINTO GIVES CONTRACT TERMINATION NOTICE TO MERIDIAN
    * RIO TINTO HAVE INDICATED THAT AT THIS DATE WIND-DOWN OF
OPERATIONS IS EXPECTED TO COMPLETE AND SMELTER WILL EVENTUALLY
CLOSE
    * CONFIRMED THAT RIO TINTO HAS GIVEN NOTICE THAT IT WILL BE
TERMINATING CONTRACT RELATING TO SMELTER
    * REVIEWING DECISION & WILL ENGAGE WITH RIO TINTO TO ASSIST
SMELTER OWNERS IN AN ORDERLY EXIT FROM NEW ZEALAND
    * CONFIRMS RIO TINTO, OWNER OF TIWAI POINT ALUMINIUM
SMELTER, HAS
GIVEN NOTICE IT WILL BE TERMINATING CONTRACT RELATING TO SMELTER
    * RIO TINTO, WILL BE TERMINATING CONTRACT RELATING TO
SMELTER WITH
EFFECT ON AND FROM 31 AUGUST 2021

Source text for Eikon:  ID:nNZW7y0jtf 
Further company coverage:  MEL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))
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