NZ government owns 51% of Meridian, so really in either case it's the government offering them a sweetener :)
It’s not “job creation” if the “creator” didn’t bring the money to pay the workers from capital that would have been otherwise inaccessible as a wage source in that country. Government=Taxpayer money is not that.
For the resources they use (the entire out put of a huge hydroelectric plant and serious pollution) they provide about 1,000 jobs.
The opportunity cost of putting all that energy to make aluminium is huge.
They produce the most 'green' aluminiy in the world, would you rather it be made with coal fired electricity?
As for providing 1000jobs, yeah, maybe directly, but those people spend money in town, not to mention the contracts Tiwai would bave with other companies in town.
The economic value has been huge.
They had stored waste that is dangerous if it gets wet in a location that bordered a river that floods and was populated. New waste discoveries are made periodically - they are a horrible company.
https://www.rnz.co.nz/news/national/443538/rio-tinto-takes-o...