Regulatory Filings • Sep 29, 2016
Regulatory Filings
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Regulated Information - Inside Information
Nyrstar NV ("Nyrstar") announces today that severe storms experienced in South Australia throughout Wednesday 28 September 2016 caused a state-wide power loss which led to an outage of the entire Port Pirie smelter including the blast furnace.
A back-up diesel generator at the Nyrstar Port Pirie site sustained the blast furnace for several hours after the power outage commenced. However, with the power outage continuing for a prolonged period, the slag in the blast furnace solidified and the blast furnace cannot be tapped. It is expected that the blast furnace will be down for approximately 10 – 14 days for repairs necessitated by the power outage, negatively impacting Metals Processing EBITDA by approximately EUR 3 - 5 million.
Commenting on the production disruption, Bill Scotting, Chief Executive Officer, said: "We are obviously very disappointed that the power supply in South Australia has failed and the impact that this has caused to the Port Pirie plant. The Port Pirie site is working incredibly hard to ensure we are in a position to restore the blast furnace to full functionality as soon as full power is restored. No other plant damage has occurred and the outage is not expected to have any impact to the Port Pirie Redevelopment schedule."
Nyrstar is a global multi-metals business, with a market leading position in zinc and lead, and growing positions in other base and precious metals, which are 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 and Australia and employs approximately 5,000 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website: www.nyrstar.com.
Franziska Morroni Group Manager Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342 E: [email protected]
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