Balen, Belgium (24 June 2009) - Nyrstar NV today announces the
outcome of its strategic review. The commencement of the review was
previously announced at Nyrstar's annual general meeting held on 29
April 2009.
One of the key outcomes following the strategic review is that
Nyrstar intends to selectively integrate its leading global
multi-metals' smelting business by expanding into mining operations,
focusing on those resources that would support Nyrstar's existing
assets and in which Nyrstar has existing expertise and proven
capability. The Company's recent acquisition of the Mid Tennessee
Zinc mine complex in Tennessee, US is an example of this strategic
direction.
Commenting on the outcome of the strategic review, Roland Junck,
Chief Executive Officer of Nyrstar, stated:
"In addition to our publicly stated focus on costs and asset
optimisation, our strategy focuses on the pursuit of value creation
through initiatives to improve and expand our existing business,
whilst conserving cash to selectively pursue opportunities to grow,
including in mining. Our aim is that smelting and mining will both
provide valuable contributions to our earnings as we strive to become
the partner of choice in essential resources for the development of a
changing world.
We continue to believe in the benefits of industry consolidation and
will evaluate opportunities as and when they arise and where they
create value for our shareholders."
PRESENTATION AND WEBCAST
Management will present the outcome of the strategic review on 24
June at 9:00am UK time, 10:00am Central European time.
The presentation will be webcast live and accessible through the
Nyrstar website (www.nyrstar.com), and will also be available in
archive.
- end -
About Nyrstar
The partner of choice in essential resources for the development of a
changing world. Nyrstar is a leading global multi-metals' business,
producing significant quantities of zinc and lead as well as other
products (including silver, gold and copper). Nyrstar is listed on
NYSE Euronext Brussels under the symbol NYR. For further information
visit the Nyrstar website, www.nyrstar.com.
Contacts
Michael Morley
Director Legal and
External Affairs
T: +44 20 7408 8120
michael.morley@nyrstar.com
Investors
Chris James
Group Manager,
Investor Relations
T: +44 20 7408 8161
M: +44 7912 269 497
chris.james@nyrstar.com
Media
Geert Lambrechts
Communications Advisor
T: +32 14 449 646
M: +32 473 637 892
geert.lambrechts@nyrstar.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
