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Treasury claims Rio Tinto faces investor backlash amid frustration over Tiwai Point negotiations
22 Apr, 2021 08:46 PM
5 minutes to read
The Tiwai Point aluminium smelter in Southland. Photo / Mike Scott Treasury says Rio Tinto risks an investor backlash over its handling of its environmental obligations at Tiwai Point, likening the situation to the destruction of sacred Aboriginal sites in Western Australia that forced the chief executive of the global mining giant to quit.
Documents released under the Official Information Act reveal the frustrations of both Treasury and the Government as they tried in vain to pin down the owners of New Zealand s aluminium smelter to environmental obligations at Tiwai Point, which has operated as a smelter since 1970.
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