Rio Tinto's result for fiscal 2019 ...
Revenue $US43.16 Billion
Net Income $US6.9 Billion
Assets $US78.8 Billion
Net Equity $US40.5 Billion
I do not see an urgent need for the NZ tax payer to subsidise these guys anymore. Call their annual poverty plead bluff.
In what way is the taxpayer subsidising them?
If you were to purchase 13% on NZ's renewable energy year upon year wouldnt you wish for a good price as well.
Losing at least 2600 jobs in this economy will cost the government quite a lot. In addition its a decent chunk of export earnings lost.