Reuters reported that Nyrstar (OTC Pink:NYRSF) plans to invest A$350 million ($353.8 million) for the redevelopment of its Australian Port Pirie smelter.
As quoted in the market news:
The Belgium-based company said it could turn the smelter into a metals recovery facility to process and recycle a range of raw materials, including internal residues from its existing network of zinc smelters and complex lead concentrates.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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