Regulated Information – Inside Information
Nyrstar: Further update on unplanned production outage at Port Pirie smelter
9 July 2019 at 08.00 CEST
Nyrstar NV ("Nyrstar" or the “Company”) today provides an update to its press releases issued on 10 June 2019 and 28 June 2019, whereby it was communicated that the Company had to declare force majeure under a number of its agreements due to an unplanned stoppage of production at the Port Pirie smelter. The Company had previously advised on 28 June 2019 that it anticipated that that the Blast Furnace and TSL Furnace would restart at approximately the same time in the second week of July 2019. The Company today provides a further update on the progress for the restart.
The Company wishes to advise that the force majeure is now expected to continue until the last week of July 2019. It currently expects both the TSL Furnace and the Blast Furnace to restart by the end of July 2019.
As previously stated, the extended unplanned shutdown will have a material negative impact on production at Port Pirie and Underlying EBITDA. Nyrstar is continuing to quantify the impact and will provide further information regarding the resolution of the production outage in due course and by no later than the H1 2019 results release.
About Nyrstar
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 4,100 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.
For further information contact:
Anthony Simms - Head of Investor Relations & Insured Risk T: +41 44 745 8157 M: +41 79 722 2152 anthony.simms@nyrstar.com
Franziska Morroni - Head of Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342 franziska.morroni@nyrstar.com
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