Nyrstar
Encyclopedia
Nyrstar N.V is the world’s largest zinc
metal producer and is also one of the world’s largest primary lead
smelting
and refining
companies. It was formed on 31 August 2007 through a merger between the zinc alloys operations of the Belgian company Umicore
and the zinc and lead smelting operations of the Australian zinc miner Zinifex
. It claims to be the world's largest producer of zinc.
Incorporated in Belgium and with its corporate offices in Zürich (Switzerland), the company produces zinc and lead, as well as other products, such as silver, copper and gold. It has three segments: Smelting, which comprises the smelters, such as Auby (France), Balen (Belgium), Budel (Netherlands), Clarksville (United States), Hobart (Australia) and Port Pirie (Australia); Mining, which involves the Tennessee mines (United States), the Coricancha, the Contonga and Pucarrajo mines (Peru) and the zinc streaming agreement with the Talvivaara mine (Finland), and Other & Eliminations, which contains Galva 45 (France), GM Metal (France) and the eliminations of the intra-group transactions. During the year ended December 31, 2010, it produced approximately 1.076 million tons of zinc metal. On January 5, 2011, it acquired Farallon Mining Ltd. On July 19, 2010, it acquired the Contonga and Pucarrajo polymetallic mines in Peru. On July 7, 2010, it acquired the remaining 15% interest in the Coricancha mine in Peru.
Brussels stock exchange through an initial public offering
(IPO) and joined the BEL20
index in its annual reshuffle on 4 March 2008. 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 (the "Bonds") through a public offering in Belgium and Luxembourg. Due to strong demand the offering was increased from EUR 150 million to EUR 525 million and the subscription period, initially planned to close on 6 May 2011, has been closed early on 2 May 2011.
Zinc
Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...
metal producer and is also one of the world’s largest primary lead
Lead
Lead is a main-group element in the carbon group with the symbol Pb and atomic number 82. Lead is a soft, malleable poor metal. It is also counted as one of the heavy metals. Metallic lead has a bluish-white color after being freshly cut, but it soon tarnishes to a dull grayish color when exposed...
smelting
Smelting
Smelting is a form of extractive metallurgy; its main use is to produce a metal from its ore. This includes iron extraction from iron ore, and copper extraction and other base metals from their ores...
and refining
Refining
Refining is the process of purification of a substance or a form. The term is usually used of a natural resource that is almost in a usable form, but which is more useful in its pure form. For instance, most types of natural petroleum will burn straight from the ground, but it will burn poorly...
companies. It was formed on 31 August 2007 through a merger between the zinc alloys operations of the Belgian company Umicore
Umicore
Umicore N.V. is a multinational materials technology company headquartered in Brussels, Belgium. Formed in 1989 by the merger of four companies in the mining and smelting industries, Umicore has since reshaped itself into a more technology-focused business encompassing such areas as the refining...
and the zinc and lead smelting operations of the Australian zinc miner Zinifex
Zinifex
Zinifex was an Australian company which operated two zinc and lead mines, three zinc refineries and a lead smelter. It was created following the insolvency of Pasminco in 2002, taking on Pasminco operations. In 2008 it merged with Oxiana Limited to form OZ Minerals.-History:Zinifex was the...
. It claims to be the world's largest producer of zinc.
Incorporated in Belgium and with its corporate offices in Zürich (Switzerland), the company produces zinc and lead, as well as other products, such as silver, copper and gold. It has three segments: Smelting, which comprises the smelters, such as Auby (France), Balen (Belgium), Budel (Netherlands), Clarksville (United States), Hobart (Australia) and Port Pirie (Australia); Mining, which involves the Tennessee mines (United States), the Coricancha, the Contonga and Pucarrajo mines (Peru) and the zinc streaming agreement with the Talvivaara mine (Finland), and Other & Eliminations, which contains Galva 45 (France), GM Metal (France) and the eliminations of the intra-group transactions. During the year ended December 31, 2010, it produced approximately 1.076 million tons of zinc metal. On January 5, 2011, it acquired Farallon Mining Ltd. On July 19, 2010, it acquired the Contonga and Pucarrajo polymetallic mines in Peru. On July 7, 2010, it acquired the remaining 15% interest in the Coricancha mine in Peru.
Mining
| Sites | Operations |
|---|---|
| Contonga mine (Peru) | underground poly-metallic mine |
| Coricancha mine (Peru) | underground poly-metallic mine |
| Tennessee Mines (USA) | underground zinc mines |
| Pucarrajo Mine (Peru) | underground poly-metallic mine |
| Campo Morado (MX) | underground poly-metallic mine |
Zinc streaming agreements
| Sites | Operations |
|---|---|
| Talvivaara Mine (Finland) | zinc streaming agreement |
Smelting
| Sites | Operations |
|---|---|
| Auby (France) | zinc production smelter |
| Balen/Overpelt (Belgium) | zinc production smelter |
| Clarksville (USA) | zinc production smelter |
| Budel (The Netherlands) | zinc production smelter |
| Hobart (Australia) | zinc production smelter |
| Port Pirie (Australia) | multi-metal smelter |
Other operations and development projects
| Sites | Operations |
|---|---|
| Citronen (Greenland) | exploration (26.5% interest) |
| Australian Refined Alloys (Australia) | lead and battery recycling (50% interest) |
| Fohl (China) | zinc die-casting plant (50% interest) |
| Galva 45 (France) | zinc galvanising plant (66% interest) |
| Genesis (China) | zinc die-casting plant (50% interest) |
| Herencia(Chile) | exploration(10.24% interest) |
Rights Offering
On 29 October 2007, Nyrstar listed on the EuronextEuronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
Brussels stock exchange through an initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO) and joined the BEL20
BEL20
The BEL20 is the benchmark stock market index of Euronext Brussels. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange. Since 20 June 2011, the BEL20 has contained 20 listings.-Rules:...
index in its annual reshuffle on 4 March 2008. 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 (the "Bonds") through a public offering in Belgium and Luxembourg. Due to strong demand the offering was increased from EUR 150 million to EUR 525 million and the subscription period, initially planned to close on 6 May 2011, has been closed early on 2 May 2011.
Board of directors
- Julien De Wilde, Chairman Non-Executive
- Roland Junck CEO, Director Executive
- Peter Mansell, Director Non-Executive
- Karel Vinck, Director Non-Executive
- Ray Stewart, Director Non-Executive
- Oyvind Hushovd, Director Non-Executive
Management committee
- Roland Junck Chief Executive Officer
- Heinz Eigner Chief Financial Officer
- Greg McMillan Chief Operating Officer
- Russell Murphy Chief Human Resources Officer
- Michael Morley Chief Corporate and Development Officer