Nyrstar to Spend AU$52 Million at Tasmanian Zinc Smelter

Mining Weekly reported that Nyrstar SA (EBR:NYR) plans to invest around AU$52 million into four growth projects at its Tasmania-based zinc smelter. The company has signed a funding and support package with the country’s government.
As quoted in the market news:

Two of the growth projects are aimed at significantly increasing the smelter’s capacity to treat more complex concentrates following the closure of the Century mine, which is currently the key provider of raw materials to the smelter. The mine will close by the end of 2015.
Nyrstar said this week that these projects were well advanced and were due for commissioning during the second half of 2015.
The remaining growth projects related to the upgrade of materials handling equipment and the addition of a side-leach plant that would enable the smelter to treat zinc oxide from Nyrstar Port Pirie, splitting base metals from minor metals, enhancing the site’s operational link with Nyrstar Port Pirie and the broader global metals processing network.

Click here to read the full Mining Weekly report.