Nyrstar N.V is the world’s largest zinc metal producer and is also one of the world’s largest primary lead smelting and refining companies. It was formed on 31 August 2007 through a merger between the zinc alloys operations of the Belgian company Umicore and the zinc and lead smelting operations of the Australian zinc miner Zinifex. It claims to be the world's largest producer of zinc.
Incorporated in Belgium and with its corporate offices in Zürich (Switzerland), the company produces zinc and lead, as well as other products, such as silver, copper and gold. It has three segments: Smelting, which comprises the smelters, such as Auby (France), Balen (Belgium), Budel (Netherlands), Clarksville (United States), Hobart (Australia) and Port Pirie (Australia); Mining, which involves the Tennessee mines (United States), the Coricancha, the Contonga and Pucarrajo mines (Peru) and the zinc streaming agreement with the Talvivaara mine (Finland), and Other & Eliminations, which contains Galva 45 (France), GM Metal (France) and the eliminations of the intra-group transactions. During the year ended December 31, 2010, it produced approximately 1.076 million tons of zinc metal. On January 5, 2011, it acquired Farallon Mining Ltd. On July 19, 2010, it acquired the Contonga and Pucarrajo polymetallic mines in Peru. On July 7, 2010, it acquired the remaining 15% interest in the Coricancha mine in Peru.
[edit] Operations
[edit] Mining
| Sites |
Operations |
| Contonga mine (Peru) |
underground poly-metallic mine |
| Coricancha mine (Peru) |
underground poly-metallic mine |
| Tennessee Mines (USA) |
underground zinc mines |
| Pucarrajo Mine (Peru) |
underground poly-metallic mine |
| Campo Morado (MX) |
underground poly-metallic mine |
[edit] Zinc streaming agreements
| Sites |
Operations |
| Talvivaara Mine (Finland) |
zinc streaming agreement |
[edit] Smelting
| Sites |
Operations |
| Auby (France) |
zinc production smelter |
| Balen/Overpelt (Belgium) |
zinc production smelter |
| Clarksville (USA) |
zinc production smelter |
| Budel (The Netherlands) |
zinc production smelter |
| Hobart (Australia) |
zinc production smelter |
| Port Pirie (Australia) |
multi-metal smelter |
[edit] Other operations and development projects
| Sites |
Operations |
| Citronen (Greenland) |
exploration (26.5% interest) |
| Australian Refined Alloys (Australia) |
lead and battery recycling (50% interest) |
| Fohl (China) |
zinc die-casting plant (50% interest) |
| Galva 45 (France) |
zinc galvanising plant (66% interest) |
| Genesis (China) |
zinc die-casting plant (50% interest) |
| Herencia(Chile) |
exploration(10.24% interest) |
[edit] Rights Offering
On 29 October 2007, Nyrstar listed on the Euronext Brussels stock exchange through an initial public offering (IPO) and joined the BEL20 index in its annual reshuffle on 4 March 2008.[2] The firm lost its position in the index a year later.
On May 5, 2011 Nyrstar announced that it had successfully completed the placement of its five-year 5.375% fixed rate bonds due 2016 (the "Bonds") through a public offering in Belgium and Luxembourg. Due to strong demand the offering was increased from EUR 150 million to EUR 525 million and the subscription period, initially planned to close on 6 May 2011, has been closed early on 2 May 2011.[3]
[edit] Management
[edit] Board of directors
- Julien De Wilde, Chairman Non-Executive
- Roland Junck CEO, Director Executive
- Peter Mansell, Director Non-Executive
- Karel Vinck, Director Non-Executive
- Ray Stewart, Director Non-Executive
- Oyvind Hushovd, Director Non-Executive
[edit] Management committee
- Roland Junck Chief Executive Officer
- Heinz Eigner Chief Financial Officer
- Greg McMillan Chief Operating Officer
- Russell Murphy Chief Human Resources Officer
- Michael Morley Chief Corporate and Development Officer
[edit] References
[edit] External links
