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Nyrstar

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Nyrstar

Nyrstar N.V.
Type Naamloze vennootschap (a Dutch public company structure)
Traded as Euronext: NYR
Industry Metallurgy
Founded 2007
Headquarters Zurich, Switzerland (corporate), Balen, Belgium (operational)
Key people Roland Junck (CEO), Julien De Wilde (Chairman)
Products Smelting and alloying of zinc and lead; sulphuric acid production; gold, silver and copper (as by-products)
Revenue €3.348 billion (2011)[1]
Employees 7,000 (end 2011)[1]
Website www.nyrstar.com

Nyrstar N.V is a mining and metals business that specialises in zinc. Nyrstar has mining, smelting, and other operations located in Europe, the Americas, China and Australia. Nyrstar was created in 2007 by combining the zinc smelting and alloying operations of Zinifex (an Australian mining company, now merged with Oxiana Limited to form OZ Minerals) and Umicore (a Belgian materials technology company).[2] It is incorporated in Belgium and has its corporate office in Zurich, Switzerland.

Operations

Nyrstar mines in Peru, the USA, Mexico, Chile, Honduras, and Canada. It has a zinc streaming agreement in Finland. It smelts metal in France, Belgium, the USA, the Netherlands, and Australia. It has interests in exploration projects in Greenland and Chile, and zinc die-casting plants in China.

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.[3] 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 through a public offering in Belgium and Luxembourg. The offering was increased from EUR 150 million to EUR 525 million and the subscription period, initially planned to close on 6 May 2011, was closed early on 2 May 2011.[4]

Nyrstar zinc works at Lutana in Hobart, Tasmania

References

  1. ^ a b "Annual Report 2011". Nyrstar. Retrieved 30 May 2012. 
  2. ^ Nyrstar history on the Nystar website
  3. ^ "Annual review of BEL20 index".  
  4. ^ Reuters http://www.reuters.com/finance/stocks/NYR.BR/key-developments . 

External links

  • Official website
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