Mike's Minute: So many questions around the Govt's cement bailout

Best of Business · Jul 20, 2026 · 2m · transcript

Nicola Willis told us she did not take the decision lightly, and well, she might have said that.

She's lucky it's only cost $60 million. We still don’t know the terms, but we need to.

This is Golden Bay Cement, and the Government has come to their rescue.

Without this help, allegedly, they would have closed.

There is only one supplier in the country – this in and of itself would seem to be an issue. They produce 60% of what we use.

Is the other 40% cheaper? And what of the climate mitigation issues Fletchers speak of? Why do we worry about the 60% and not the other 40%?

Why is climate so…