BRL 0.62% 80.5¢ bathurst resources limited.

present position just took a turn for the worse me thinks with...

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    present position just took a turn for the worse me thinks with the just announced pending closure of Tiwai point aluminium smelter.
    This presents the perfect opportunity for our Labour lead government with green party support to subsidize south island dairy companies to switch from coal to electricity.

    The smelter's power demand from the national grid is about 570 MW. Most of the energy for the smelter is supplied from the Manapouri hydroelectric power station, via two double circuit 220 kV transmission lines. The facility is the largest electricity consumer in New Zealand, and uses approximately one third of the total electricity consumed in the South Island and 13% of the total electricity nationwide, equivalent to about 680,000 households.

    Plenty of electricity looking for a new home and a government that supports clean energy and certainly does not support mining.
    This will not be good for BRL domestic operations
    Last edited by xmanrocks: 09/07/20
 
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