Meridian tips sale of stake in Oz wind farm
Meridian Energy is considering the sale of its 50 per cent stake in the A$1 billion Macarthur wind farm in Australia.
Meridian Energy is considering the sale of its 50 per cent stake in the A$1 billion Macarthur wind farm in Australia.
New Zealand's ministers and officials have been given a new set of rules outlining how they can talk about listed companies.
Kiwis are loath to relinquish even a partial ownership share in national assets such as power companies - but the asset sales debate hasn't harmed the Government's polling.
A sinking mine site and Treasury's caution on asset sales are at the top of this year's "Christmas dump" of public announcements, snuck in just ahead of the holidays.
The New Zealand Maori Council has been given leave to appeal to the Supreme Court over water rights.
The Maori Council has lost its initial legal bid to delay the partial privatisation of Mighty River Power until Maori water rights are dealt with but is already working on an appeal.
The Maori Council's legal bid to block the Government's asset sales programme is based on a "misconception" about the Cabinet's role in advancing the plan, Crown lawyers argued in court yesterday.
Mark Solomon, the chairman of South Island iwi Ngai Tahu, has hit back at Labour MP Shane Jones' criticism that the tribe has "divided Maoridom".
About 200 people have attended a political street party to in Auckland's Karangahape Road today to protest asset sales.
Cabinet has decided to delay a key step towards partially privatising Mighty River Power next year until the High Court has heard a Maori Council led bid blocking the sale.
The High Court's Justice Ronald Young put the ball in Cabinet's court this morning over the Maori Council's bid to halt the Mighty River Power sale.
The Maori fight against the partial sale of Mighty River Power goes to court on Tuesday after papers to block the sale were filed in the High Court at Wellington.
The Maori Council does not speak for Maori affected by the partial sale of Mighty River Power, according to Finance Minister Bill English.