Shares in the energy company have dipped 0.95% to $7.29 at the time of writing. This continues its downward trend this week, with the Meridian share price dropping 20% in the last 5 days.
Meridian advised that miner Rio Tinto Limited (ASX: RIO) has accepted new contract terms for exiting the aluminium smelter at Tiwai Point in southern New Zealand.
Notably, the contract confirms Rio Tinto will continue operations at the smelter until December 2024 when the 4-year contract runs out.
The deal represents a step towards Meridian’s goal of decarbonisation and a greener future.
The post Why the Meridian (ASX:MEZ) share price is dropping lower today appeared first on Mackay Online News.
Warren Ruth is still early into his career as tech and digital marketing reporter but has already had his work published in many major publications including JoyStiq and Android Authority. In regards to academics, Warren earned a degree in business from CSUF. Warren has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.