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Mineweb reported that Nyrstar NV (EBR:NYR) has worked out a deal with Noble Group Ltd. (SGX:N21) under which Noble will sell Nyrstar’s European zinc. Noble will also gain a 1-percent stake in Nyrstar.
Mineweb reported that Nyrstar NV (EBR:NYR) has worked out a deal with Noble Group Ltd. (SGX:N21) under which Noble will sell Nyrstar’s European zinc. Noble will also gain a 1-percent stake in Nyrstar.
As quoted in the market news:
Under the agreement, running for four years from the start of 2014, Nyrstar would set aside 200,000 tonnes per year of commodity grade and continuous galvanising grade zinc for Noble.
Nyrstar would receive the market price plus a benchmark premium per tonne, with a profit-sharing mechanism for any upside.