Higher port charges to be paid by aluminium smelter at South Port

Radio New Zealand reported that Rio Tinto may have to pay higher annual charges to the operator of the port at Bluff following an interim decision by an arbitrator.

An arbitrator was called in 2 years ago after the parties could not agree on the terms of a new 35 year agreement for the smelter to use the wharf. The smelter is South Port's biggest customer.

The interim decision points to an increase in annual charges payable to South Port, though a final contract is yet to be determined. South Port said that it's too early to say how the decision will affect future profitability.

Mr Mark O'Connor CEO of South Port said that a lot of the infrastructure used by the smelter needs increasing maintenances, so there's been a need to ensure that the charges cover that.

(Sourced from Radio New Zealand)

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