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Delay in restart of Port Pirie lead smelter
Jul 10,2019 09:09CST
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Nyrstar, a metals and mining company, said on Tuesday that the restart of its Port Pirie lead and zinc smelter in Australia had been delayed until the end of July, having been postponed to the second week of the month. The company said it was still assessing the impact of the outage and reiterated that the extended shutdown would have a significant negative impact on Port Pirie production and basic earnings (EBITDA) before interest, tax, depreciation and amortization. Nyrstar stated that further information would be provided in due course, but that the H1 report would be released by 31 July at the latest. Port Pirie produced 160000 tons of lead last year, down 7 per cent from last year.

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