Tiwai to continue operations through 2024

14 January 2021 - Mercury notes Rio Tinto's announcement that it has agreed a new electricity agreement with Meridian Energy that allows the continued operation of the Tiwai Point aluminium smelter until December 31, 2024. Rio Tinto stated that: "While discussions with the New Zealand government are progressing in relation to their commitment to address the smelter's high transmission costs, a new agreement has been reached with Meridian Energy in relation to power prices, making the smelter economically viable and competitive over the next four years." ENDS For further information: Media - Craig Dowling 0272 105 337 Investors - Tim Thompson 0275 173 470 End CA:00366215 For:MCY Type:GENERAL Time:2021-01-14 10:08:58