Legal Proceedings Report • Nov 24, 2014
Legal Proceedings Report
Open in ViewerOpens in native device viewer
24 November 2014
Nyrstar NV ("Nyrstar" or the "Company") today announced that mining and milling activities at its Campo Morado mine in Mexico are temporarily suspended due to a blockade of the mine by the local CTM Trade Union.
The mine entrance was illegally blockaded by union activists and the action is preventing all mining and milling activities at the mine.
As a consequence of the blockade and the associated industrial action Nyrstar has taken the decision to withdraw employees from the site for their safety and temporarily suspend mining and milling operations. Certain activities related to site maintenance, environmental safeguards and site security will continue during the suspension.
Nyrstar is continuing its dialogue with the local and federal CTM Union and other stakeholders to reach a satisfactory conclusion.
The suspension will have an impact on Q4 2014 mining production volumes and the Company cannot at this stage advise when exactly the temporary suspension of operations will end.
Campo Morado produced approx. 19,000 tonnes of zinc in concentrate in the first nine months of 2014.
Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. Nyrstar has mining, smelting, and other operations located in Europe, the Americas, China and Australia and employs approximately 6,500 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website, www.nyrstar.com
E:[email protected] E:[email protected]
Anthony Simms Group Manager Investor Relations T: +41 44 745 8157 M: +41 79 722 2152 Greg Morsbach Group Manager Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.